Power industry venture financing deals in Q2 2019 total $499.44m globally

16 July 2019 (Last Updated July 16th, 2019 14:56)

Power industry venture financing deals in Q2 2019 total $499.44m globally

Total power industry venture financing deals in Q2 2019 worth $499.44m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 76.9% over the previous quarter and a drop of 41.7% when compared with the last four-quarter average, which stood at $856.77m.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $383.62m. At the country level, the US topped the list in terms of deal value at $326.38m.

In terms of volumes, North America emerged as the top region for power industry venture financing deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of venture financing deals activity in Q2 2019 was the US with 39 deals, followed by India with 11 and the UK with seven.

In 2019, as of the end of Q2 2019, power venture financing deals worth $2.66bn were announced globally, marking an increase of 237.2% year on year.

Power industry venture financing deals in Q2 2019: Top deals

The top five power industry venture financing deals accounted for 29.1% of the overall value during Q2 2019.

The combined value of the top five power industry venture financing deals stood at $145.55m, against the overall value of $499.44m recorded for the quarter. The top announced power industry venture financing deal tracked by GlobalData in Q2 2019 was Braemar Energy Ventures, Cycle Capital Management (Round Capital), Fondaction, Fonds de solidarite FTQ, Investissement Quebec, Laprade Economic Development Fund, National Bank of Canada, Rho Ventures, Suncor Energy, Sunkem, Westly Group and Waste Management of Canada’s $57.17m venture financing of Enerkem.

In second place was the $32.6m venture financing of Carbon Lighthouse by Cox Enterprises and in third place was Avista Development, Constellation Technology Ventures, Element eight (seattle), Equinor Energy Ventures, Founders Co-op, Prelude Ventures, Techstars Ventures, Total Ventures and Wireframe Ventures’ $20.5m venture financing of LevelTen Energy.

The $18.2m venture financing of Innowatts by Energy & Environment Investment, Energy Impact Partners, Evergy Ventures, Iberdrola and Shell Ventures and Iberdrola’s venture financing of Wallbox Chargers for $17.08m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.