Energy Storage Sector Secures Record Venture Capital Funding of $9.2 Billion in 2023

Smart grid companies brought in $3.3 billion in total corporate funding in 2023

January 31, 2024

/ Energy Storage, Finance and M&A, Mercom Research Focus

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Global venture capital funding in the energy storage sector in 2023 reached $9.2 billion, a 59% year-over-year (YoY) increase from $5.8 billion. The amount raised was the largest ever.

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Arjun Joshi

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Energy Storage Sector Secures Record Venture Capital Funding of $9.2 Billion in 2023

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