Companies in the battery and energy storage space received $99m of venture capital in ten deals in Q3 2014, according to a report by a US consultant.
Mercom Capital Group said venture capital invested in Q3 was slightly up overall compared to the $90m from six deals in Q2. Top deals included the $25m raise by Powin Energy.
This was followed by the $25m raise by Aquion Energy, the $18m brought in by Eos Energy Storage and the $10m raise by PowerGenix.
There was one deal each for sodium-ion, flow batteries, zinc-air, supercapacitors, nickel-based batteries and compressed air energy storage in Q3, while lithium-ion battery companies recorded four deals.
There were also six debt and public market financing deals in batteries and energy storage totaling $219m, including one IPO in Q3 2014. There were also two storage funds announced to finance no money upfront, behind-the-meter storage projects.
There were five M&A transactions in batteries and energy storage, of which only one transaction was disclosed, totaling $32m.