Texas-headquarted Mercom Capital Group recently released its Q1 2016 funding and M&A report for energy storage, smart grid and energy efficiency sectors. Mercom’s CEO and co-founder Raj Prabhu discussed the energy storage trends tracked in this quarter with Energy-Storage.News, especially in light of the drop in venture capital funding this quarter.
California’s Sunverge Energy secured most of the venture capital (VC) funding for its storage systems, taking about US$36 million out of the US$54 million that was raised over 10 deals. Sunverge is continuing its winning streak; having recently partnered with AGL, Australia’s biggest utility, which invested US$20 million in the company as part of its climate change initiative funding.
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