This blog post examines the different components of the energy technology ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.
Let’s start off by looking at the Sector Map. We have classified 789 energy technology startups into 12 categories. They have raised $72B from 1630 investors. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.
We see that Solar Energy is the largest category with 181 companies. These companies generate power by converting sunlight into electricity. Their technology includes solar panel manufacturers, designers, installers, and monitoring solutions. Some example companies are Mosaic, NexWafe, BrightSource Energy, and Heliatek.
Let’s now look at our Innovation Quadrant to find out the funding and maturity of these categories in relation to one another.
Our Innovation Quadrant divides the energy technology categories into four different quadrants.
We see that the Pioneers quadrant has the most number of energy technology categories at 6, accounting for 50% of all energy technology categories. The Fuel Cell Technology category has the highest average age, and the Energy Storage category has the highest average funding. On the other hand, the Energy Production By-Product Management and Consumer Energy Efficiency Tools categories are low on both average funding and age.