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From gravity to gas, VC recharges energy storage
Companies working on alternatives to chemical batteries for energy storage received a funding boost in Q2.
Overall VC dealmaking in the clean energy market during the first half of 2024 was roughly in line with the same period last year. But the alternative energy storage segment surged in Q2 2024—notching over $582 million across 16 deals, according to our latest Emerging Tech Research.
Greater demand for renewable energy, including intermittent sources like solar and wind power, has increased the need for energy storage. The report highlights companies like Highview Power that are generating innovative solutions.
Table of contents
| Vertical update | 3 |
| Q2 2024 timeline | 4 |
| Clean energy landscape | 5 |
| Clean energy VC ecosystem market map | 6 |
| VC activity | 7 |
| Innovation spotlight | 16 |
| Alternative energy storage | 17 |
| Select company highlights | 20 |
| Highview Power | 21 |
| EnerVenue | 23 |
| Proxima Fusion | 25 |
