The latest report by Mercom Capital shows that while debt and public market financing for battery storage companies declined in 2016, that battery storage project funds raised $820 million during the year.
Latest Mercom Capital report finds that just $102 million in VC funding for smart grid, battery storage and efficiency sectors was raised in Q3, down from $433 million in Q2. Project funds for residential and commercial storage soars, however.
Mercom Capital’s Q3 report shows a significant increase in investment levels from last quarter, but funding is still down across the board compared to a year ago.
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