The $364.6m venture financing of Gaojing Solar Technology was the power industry’s top venture financing deal as total deals worth $1.3bn were announced globally in September 2022, according to GlobalData’s deals database.

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The value marked a decrease of 40.4% over the previous month of $2.23bn and a drop of 25.7% when compared with the last 12-month average, which stood at $1.79bn.

Comparing venture financing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $534.93m. At the country level, the China topped the list in terms of deal value at $522.98m.

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 September 2022 was the US with 24 deals, followed by the China with 18 and Germany with six.

In 2022, as of September, power venture financing deals worth $14.87bn were announced globally, marking an increase of 36.7% year on year.

power industry venture financing deals in September 2022: Top deals

The top five power industry venture financing deals accounted for 57.4% of the overall value during September 2022.

The combined value of the top five power venture financing deals stood at $762.96m, against the overall value of $1.3bn recorded for the month.

The top five power industry venture financing deals of September 2022 tracked by GlobalData were:

1) CICC Capital ManagementLimited, CITIC GoldStone Investment, Guangdong Yueke, Haitong Kaiyuan, HUA-MIN INVESTMENT and Walden International (China)’s $364.6m venture financing deal with Gaojing Solar Technology

2) The $140m venture financing of Mainspring Energy by Bill Gates, Canada Pension Plan Investment Board, Fine Structure Venture, Hanwha Power Systems, Khosla Ventures, Lightrock, Princeville Capital and Shell Ventures

3) Energy Impact Partners, Enterprise Holdings, Marubeni Ventures, Microsoft Climate Innovation Fund, Rocketship VC, Suffolk Technologies, Sunbelt Rentals, Tamarack Global and The Climate pledge Fund’s $100m venture financing deal with Moxion Power

4) The $80.36m venture financing of Atlas Technologies by DELA, Invest-NL and SHV Energy

5) Accel, Balderton Capital (UK), BoxGroup, Chris Sacca, Creandum, John Doran, Lakestar Advisors, Lowercarbon Capital, Martin Mignot, Nico Rosberg, Ribbit and Tom Stafford’s $78m venture financing deal with Tesseract Energy