US power industry saw a drop of 18.37% in overall deal activity during April 2022, when compared with the last 12-month average, led by Sensata Technologies Holding’s $580m acquisition of Dynapower Co, according to GlobalData’s deals database.

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A total of 40 deals worth $1.4bn were announced in April 2022, compared with the 12-month average of 49 deals.

venture financing was the leading category in the month in terms of volume with 22 deals, which accounted for 55% of all deals.

In second place was M&A with 14 deals, followed by private equity with four transactions, respectively accounting for 35% and 10% of overall deal activity in the US technology industry during the month.

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In terms of value of deals, M&A was the leading deal category in the US power industry with total deals worth $939.5m, followed by venture financing deals totalled $504.06m.

US power industry deals in April 2022: Top deals

The top five power industry deals accounted for 76.9% of the overall value during April 2022.

The combined value of the top five power deals stood at $1.11bn, against the overall value of $1.4bn recorded for the month.

The top five power industry deals of April 2022 tracked by GlobalData were:

1) Sensata Technologies Holding $580m acquisition deal with Dynapower Co

2) The $215m acquisition of NextGen Power Holdings by Archaea Infrastructure

3) Advanced Energy Industries $144.5m acquisition deal with SL Power Electronics

4) The $125m venture financing of FreeWire Technologies by BlackRock Financial Management,Blue Bear Capital,BP Ventures,Daishin Private Equity,GLy Capital Management,Octave Ventures and Riverstone Holdings

5) Energy Transition Ventures and Fenice Investment Group $45m venture financing deal with Ohmium International