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  1. Deals Analysis
July 23, 2022

Power industry venture financing deals total $881.9m in North America in June 2022

By Carmen

Total power industry venture financing deals worth $881.9m were announced in North America 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 $661.15m and a rise of 14.8% when compared with the last 12-month average of $768.13m.

North America held a 45.93% share of the global power industry venture financing deal value that totalled $1.92bn in June 2022. With a 45.92% share and deals worth $881.69m, the US was the top country in North America’s venture financing deal value across power industry.

In terms of venture financing deal activity, North America recorded 24 deals during June 2022, marking a decrease of 31.43% over the previous month and a drop of 14.29% over the 12-month average. The US recorded 23 deals during the month.

North America 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 $881.9m 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

2) The $160m venture financing of Zap Energy by Breakthrough Energy Ventures,Chevron Technology Ventures,DCVC,Energy Impact Partners,Lowercarbon Capital,Shell Ventures and Valor Equity Partners

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

4) The $46m venture financing of AMOGY by Amazon Climate Pledge Fund,AP Ventures,New Lab,Saudi Aramco Energy Ventures and SK Innovation

5) AP Ventures,Breakthrough Energy Ventures,ENGIE New Ventures,Eni Next,Mitsubishi Heavy Industries,SK Gas and Trafigura $34m venture financing deal with Czero

Related Companies

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.

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