Total power industry venture financing deals worth $881.7m were announced in the US in June 2022, led by $198m venture financing of Electric Hydrogen, according to GlobalData’s deals database.
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The value marked an increase of 33.4% over the previous month of $661.05m and a rise of 20.1% when compared with the last 12-month average of $733.98m.
The US held a 45.92% share of the global power industry venture financing deal value that totalled $1.92bn in June 2022.
In terms of venture financing deal activity, the US recorded 23 deals during June 2022, marking a decrease of 28.13% over the previous month and a drop of 11.54% over the 12-month average.
US power industry venture financing deals in June 2022: Top deals
The top five power industry venture financing deals accounted for 55.9% of the overall value during June 2022.
The combined value of the top five power venture financing deals stood at $493m, against the overall value of $881.7m recorded for the month.
The top five power industry venture financing deals of June 2022 tracked by GlobalData were:
1) Breakthrough Energy Ventures,Capricorn Partners,Climate Pledge Fund,Cosan,Energy Impact Partners,Equinor Ventures,Fifth Wall Ventures Management,Honeywell,Mitsubishi Heavy Industries,Prelude Ventures,Rio Tinto,S2G Ventures,Silicon Valley Bank and Trinity Capital $198m venture financing deal with Electric Hydrogen
3) Carrier Global,Citi Impact Fund,City Light Capital,ClearSky Ventures,Elemental Excelerator,Floodgate Fund,Japan Energy Fund,Radicle Impact,Sidewalk Infrastructure Partners,SunPower and TELUS Ventures $55m venture financing deal with OhmConnect
5) AP Ventures,Breakthrough Energy Ventures,ENGIE New Ventures,Eni Next,Mitsubishi Heavy Industries,SK Gas and Trafigura $34m venture financing deal with Czero