battery storage, smart grid, efficiency cos raise $1bn in h1 - battery energy storage system

New Delhi, July 25 ()
A report from Mercom capital Group said that battery storage, smart grid and energy efficiency companies received more than $1 billion worth of venture capital funds worldwide in the first half of this year.
According to the global clean energy communications and consulting firm, January
During June, $1 this year.
Battery storage, smart grid and energy efficiency companies raised $3 billion, compared to $0. 807 billion in the same period last year.
There is only one deal involving an Indian company. ION Energy -
Build an invisible startup with a layer of infrastructure for energy storage systems
An undisclosed angel fund was raised from a group of investors, including: Sushil Jiwarajka, Aakrit Vaish, Swapan Rajdev and others. VC funding (
Including private equity and venture capital)
For battery storage, 18 transactions in the first half of 2017 totaled $0. 48 billion, compared with 20 transactions a year ago totaling $0. 179 billion.
Smart Grid raised $0. 304 billion in 22 deals in the first half of this year, compared with $0. 331 billion in 29 deals in the first half of last year.
In January, a $0. 242 billion venture capital fund received financing in 20 transactions --
Compared with June 2017, 23 transactions raised $0. 297 billion in the first half of 2016.
In quarterly terms, the company's venture capital jumped to $0. 422 billion in 10 transactions in April.
Compared with eight transactions in June, $58 million in January
Due to very large funds trading in March 2017.
In the 2017 quarter, Smart Grid's venture capital reached $0. 139 billion in eight transactions, compared with $0. 164 billion in 14 transactions in the 2017 quarter.
The report said that in the six transactions in the 29 million quarter, venture capital investment in energy efficiency technology companies fell sharply to $2017, compared with $0. 213 billion in 14 transactions in the 2017 quarter.