Total power industry venture financing deals worth $857.6m were announced in the US in August 2021, led by $240m venture financing of Form Energy, according to GlobalData’s deals database.
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The value marked an increase of 227.2% over the previous month of $262.12m and a rise of 163.6% when compared with the last 12-month average of $325.39m.
The US held a 28.78% share of the global power industry venture financing deal value that totalled $2.98bn in August 2021.
In terms of venture financing deal activity, the US recorded 22 deals during August 2021, marking an increase of 46.67% over the previous month and a rise of 10.00% over the 12-month average.
US power industry venture financing deals in August 2021: Top deals
The top five power industry venture financing deals accounted for 75.9% of the overall value during August 2021.
The combined value of the top five power venture financing deals stood at $651m, against the overall value of $857.6m recorded for the month.
The top five power industry venture financing deals of August 2021 tracked by GlobalData were:
1) Arcelor Mittal Zenica,Breakthrough Energy Ventures,Capricorn Investment Group,Coatue Management,Energy Impact Partners,Eni Next,Macquarie Capital Group,Massachusetts Institute of Technology,NGP Energy Technology Partners III,Perry Creek Capital,Prelude Ventures,Temasek Holdings (Private),TPG Capital and Vamos Ventures $240m venture financing deal with Form Energy
2) The $160m venture financing of Ample by Disruptive Innovation Fund,ENEOS,Moore Strategic Ventures,PTT Public and SMRT
3) Doosan Heavy Industries & Construction,GS Energy,IHI,Samsung C&T,Sarens and Sargent & Lundy $152m venture financing deal with NuScale Power
4) The $64m venture financing of Nanotech Energy by Fubon Financial Holding
5) Bonavista Developments,Constellation Technology Ventures,Equinor Ventures,Founders Co-op,Google,MCJ Collective — My Climate Journey,NGP Energy Technology Partners,Prelude Ventures,Techstars Venture Capital Fund,TotalEnergies Ventures and Wireframe Ventures $35m venture financing deal with LevelTen Energy
