Venture Capital Funding in Energy Storage Increases 59% Year-over-Year, with a Record $9.2 Billion in 2023
Venture capital (VC/PE) funding in Energy Storage in 2023 was the highest ever recorded, with $9.2 billion in 86 deals.
- Venture capital (VC/PE) funding in Energy Storage in 2023 was the highest ever recorded, with $9.2 billion in 86 deals.
- "Energy storage companies saw their highest VC funding in 2023, largely thanks to the Inflation Reduction Act's Investment Tax Credit and other incentives like manufacturing credits for battery components.
- Corporate funding for Energy Storage companies in Q4 2023 totaled $3.7 billion in 26 deals.
- Announced debt and public market financing for Energy Storage companies in 2023 came to $9.8 billion in 34 deals.