Q3 2023
November 20, 2023
The era of battery energy megadeals
Cleantech companies raised $4.5 billion in VC funding in Q3, making it a slightly depressed quarter compared with 2022 levels, according to our Q3 2023 Clean Energy Report.
Nonetheless, battery energy storage and hydrogen startups are still bringing in the big bucks, driven by federal funding boosts and investor enthusiasm to address the bottlenecks likely to arise during the energy transition. Up rounds for startups Verkor, Electric Hydrogen, and Juniper Green Energy are just a few examples of the excitement rampant in those emerging spaces.
Vertical update | 3 |
Q3 2023 timeline | 4 |
Clean energy landscape | 5 |
Clean energy VC ecosystem market map | 6 |
VC activity | 7 |
Emerging opportunities | 16 |
Renewable energy health and maintenance | 17 |
Battery energy storage systems | 18 |
Select company highlights | 19 |
PVcase | 20 |
Verdagy | 22 |