1. Battery Storage companies Set $1.4B Record in Venture Capital Funding: Report

    Battery Storage companies Set $1.4B Record in Venture Capital Funding: Report

    Battery storage companies have raised a combined $1.4 billion in venture capital funding during the first six months of 2019, up from $543 million during the same time period last year, according to a new report by Mercom Capital Group. The uptick in VC funding for battery storage companies comes amid an increased focus on the technology, which enables the integration of more renewable energy and has the potential to replace gas-peaker fleets around the country.

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  1. Quotes

    1. We see constant deals, almost every quarter, going into lithium-ion based technology.
    2. We've been tracking these numbers since 2014.
    3. Utilities are investing as a way to understand the technology and possible acquisitions in the future.
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