Business TREND. Funding for Battery Storage Doubles.

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October 23, 2019

Who is saying funding for battery storage technology is doubling? Mercom Capital Group, an energy communications and consulting firm in Austin.

What do the funding numbers look like?

2019: investing $1.6 billion in 25 deals
2018: $783 million in 38 deals (over same time frame)

Is the increase in funding true across other energy technology? No.

energy efficiency is flat at about $268 million
Smart grid funding is down 27%

Houston Chronicle | Venture capital firms double funding of battery storage projects