AUSTIN, TX — (Marketwired) — 01/24/17 — , a global clean energy research and communications firm, released its report on funding and (M&A) activity for the Smart Grid, Battery Storage and Energy Efficiency sectors for 2016.
(VC) funding (including private equity and corporate VC) for companies dropped to $389 million (M) in 42 deals, compared to $425M in 57 deals in 2015. Total corporate funding, including debt and public market financing, came to $613M.
The top VC funded company in 2016 was Vivint SmartHome raising $100M.
Eighty-two investors funded Smart Grid companies in 2016. Top investors were Total Energy Ventures, Envision Ventures, and GE Ventures.
Smart Grid Communications companies, including Home and Building Automation, raised the most VC funding in 2016 with $154M in 11 deals, followed by Plug-in Hybrid Electric Vehicle Smart Charging and Vehicle-to-Grid companies with $83M in four deals.
There were five debt and public market financing deals announced in 2016 for a total of $224M.
There were 15 Smart Grid M&A transactions (four disclosed) for $2.4 billion (B) in 2016. Sensus acquired Xylem for $1.7B in the top transaction.
/ companies raised $365M in 38 deals in VC funding compared to $397M in 37 deals in 2015. Total corporate funding, including debt and public market financing, came to $540M.
Energy Storage System companies received the most funding with $146M.
The top VC funded company was sonnen which raised $85M.
Sixty-two VC investors participated in Battery/Storage deals in 2016.
Debt and public market financing for Battery/Storage companies came to $175M.
A significant amount of funding went into project funds with $820M in seven deals compared to $30M in three deals in 2015.
There were 11 M&A transactions (three disclosed) for Battery/Storage companies in 2016; the most notable, Total–s acquisition of Saft for $1.1B.
VC funding for Energy Efficiency companies came to $528M in 33 deals compared to $852M in 67 deals in 2015. Total corporate funding, including debt and public market financing, was $3.8B.
The top VC funded company was Ygrene Energy Fund with $95M.
Efficiency Finance companies captured the most funding with $256M in seven deals.
Seventy-two investors participated in funding deals.
companies raised nearly $3.2 billion in debt and public market financing. Property Assessed Clean Energy (PACE) financings totaled $2.3 billion in 12 deals in 2016 compared to $1.1 billion in seven deals in 2015.
Philips Lighting raised $959M in the year–s only .
activity in the efficiency sector in 2016 dipped with 14 transactions (five disclosed).
The largest disclosed transaction was the $532M acquisition of Opower by Oracle.
To get a copy of the report, visit:
Mercom Capital Group, llc, is a global communications and research firm focused on cleantech. Mercom advises companies on new market entry, custom and strategic decision-making. Mercom–s communications division helps companies build powerful relationships with media, analysts, local communities, and strategic partners. About Mercom: .
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