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Mercom: Battery/storage M&A activity tops $2.4 billion in 2015

Mercom Capital Group has released its figures for battery/storage funding in 2015. While investment in the venture capital, and debt and public market financing sectors both fell, merger and acquisition (M&A) transactions saw a significant increase.
Becky Beetz
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Becky Beetz

Marking a decrease of nearly 8%, battery/storage companies raised just US$397 million across 37 deals in 2015, compared to $431 million across 34 deals the previous year. The U.S. is the market leader in this sector, with 13 of the deals totaling $367 million occurring there.
Total corporate funding slipped 27%, from $927 million in 2014 to $676 million last year. Of this, the lion’s share of funding, $120 million, went to flow battery companies, while energy storage system companies saw $96 million. Younicos, which saw investment of $50 million by First Solar and Grupo ECOS, was among the top venture capital funded companies last year.
/><br /> Marking another decrease, debt and public market financing fell, 43%, from $490 million in 2014, to $279 million.<br /> On a positive note, however, M&A transactions in 2015, soared around 90% from $232 million across 18 transactions in 2014, to $2.4 billion across 11 transitions.</p>

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