Companies focused on energy efficiency solutions globally raised more than $1.2 billion last year with the major chunk coming from venture capital funding activities, says a report.
Data compiled by Mercom Capital Group, a global clean energy communications and consulting firm, shows that energy efficiency companies worldwide mopped up $797 million through 80 deals last year.
“Lighting technology companies received the most funding in the energy efficiency sector with $315 million,” it said in a report.
Besides, energy efficiency companies raised $410 million by way of debt and public market financings.
Globally, these entities have mopped up a little over $1.2 billion in 2014.
According to Mercom, there were 26 M&A transactions last year in the energy efficiency segment.
The top venture capital deal was that of US-based View raising $100 million, followed by Taiwan’s Lextar Electronics that received $83 million.
Meanwhile, Mercom said companies engaged in the storage/ battery space got about $418 million last year by way of venture capital funds.
According to Mercom, global venture capital funding into smart grid technology companies stood at $383 million in 73 deals in 2014.
“Total corporate funding, including debt and public market financing, came to $844 million in 2014,” it said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.