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.
Solar Energy Is The Largest Energy Technology Category
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...
For this quarter's funding analysis, let's examine how average funding in the energy technology sector is evolving. The graphic below shows the energy technology average funding across all deals over time by quarter.
As the graphic demonstrates, energy technology average funding deal size in Q1 2019 was at $52M, which decreased by 27% from the $72M last quarter. The average funding deal size has been holding steady, with the average funding last quarter about 74% of the average funding 5 years ago. The top three funding events in Q1 2019 include a $350M round into ReNew Power, a $100M round into Kinestral Technologies, and a $68M round into Carbon Engineering.
Here is our Q4 2018 summary report on the energy technology startup sector. The following report includes a sector overview and recent activity.
Here is our Q2 2018 summary report on the energy technology startup sector. The following report includes a sector overview and recent activity.