Corporate funding in energy storage halves to $7 bn in Jan-Jun: Report
Total corporate funding in energy storage globally fell 55 per cent to $7.1 billion during the January-June period or first half of 2023, according to Mercom Capital.
The segment had attracted $15.8 billion during the same period in 2022, the research firm said in its latest report.
The report comes at a time when various governments across the globe are aiming to increase storage of renewable energy as part of their green initiatives to meet their net zero goals.
“Corporate funding into energy storage companies reached $7.1 billion in 59 deals in 1H (first half) 2023, a 55 per cent decrease YoY compared to $15.8 billion in 60 deals in 1H 2022,” it said.
