Energy Technology Funding in 2019 Projected To Increase From 2018

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How is the funding environment shaping up for energy technology in 2019? As we pass the mid-year mark, let's see how the year-to-date metrics compare to the historical trends. The graph below shows energy technology total funding by year, stacked by quarters.

Energy Technology Funding Over Time

As the graphic demonstrates, energy technology has amassed $5.5B through Q1 and Q2 of this year. This amount represents 58% of the total funding in 2018, and 132% of the funding through Q2 in 2018. The top three funding events in Q2 2019 include a $208M round into Spruce Finance, a $195M round into Lightsource Renewable Energy, and a $170M round into Sila Nanotechnologies.

A straight-line projection of the completed funding this year would result in $11B, which is 116% of the total 2018 funding. By the same token, a weighted quarterly average projection of 2019 funding would result in $12.5B, which exceeds the total 2018 funding by 32%. Therefore, based on the mid-year data, energy technology funding in 2019 is projected to be higher than the funding in 2018.

To learn more about our complete energy technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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