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Q2 Startup Market Trends and Insights
ENERGY TECHNOLOGY
June 2017
Energy technology report outline
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This report provides an overview of the energy technology sector and is broken down into three sections
Sector Description
High-level sector metrics, innovation quadrant, and
category definitions
Trends & Insights
Infographics and data points for the energy technology
sector
Quarterly Activity
Major funding and exit events from the previous
90 days
Venture Scanner reports are built by analysts utilizing our startup database and research platform
Sector Description
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Energy technology startups are creating new businesses in 12 categories
The full Venture Scanner market report and database tracks 753 companies with
$50B in funding
ENERGY TECHNOLOGY
Solar Energy Wind Energy Geothermal Energy Hydropower Energy Bioenergy
Traditional Energy Enhancements Consumer Energy Efficiency
Energy Infrastructure Energy Storage Carbon Management Energy By-Products Fuel Cell Technology
The graphic above shows only a sampling of companies in each category
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Innovation quadrant for energy technology
This quadrant shows a relative segmentation of the categories with respect to one another, data as of June 2017
Average Funding
Ave
rage
Age
Established Heavyweights
Pioneers Disruptors
Solar Energy
GeothermalEnergy
Energy Storage
WindEnergy
Fuel Cell
Traditional Energy
Hydropower Energy
By-Product Management
Consumer Efficiency
Carbon Management
EnergyInfrastructure
Bioenergy
Energy technology startups play in many different categories (1 of 2)
6Category stats as of June 2017
Bioenergy43 Startups, $2B Total FundingCompanies that generate energy from biomass, such as algae, including development, research, and monitoring
Consumer Energy Efficiency Tools104 Startups, $2.2B Total FundingCompanies that help consumers be more efficient with their energy use, including monitoring devices and predictive analytics
Energy Production By-Product Management 21 Startups, $190M Total FundingCompanies that reduce and recover waste created during energy production, such treating waste water from fracking
Carbon Management 37 Startups, $1B Total FundingCompanies that aim to reduce carbon dioxide and other greenhouse gas emissions, including sequestering and recycling
Energy Infrastructure 164 Startups, $10B Total FundingCompanies that enable the production and delivery of energy, such as smart meters and energy grid optimizers
Energy Storage90 Startups, $8.3B Total FundingCompanies that develop new methods to store energy for use at later times, such as storing excess renewable energy
Energy technology startups play in many different categories (2 of 2)
7Category stats as of June 2017
Fuel Cell Technology26 Startups, $1.5B Total FundingCompanies that generate power by using hydrogen and oxygen for fuel, including development, research, and monitoring
Hydropower Energy 34 Startups, $373M Total FundingCompanies that generate power from the energy of moving water, such as wave energy converters and run-of-the-river systems
Traditional Energy Enhancements 41 Startups, $2.5B Total FundingCompanies that improve the effectiveness and sustainability of traditional energy sources, such as methods to make fossil fuels cleaner
Geothermal Energy 21 Startups, $2.6B Total FundingCompanies that use geothermal power to generate electricity, including development, research, and monitoring
Solar Energy 169 Startups, $18B Total FundingCompanies that generate power by converting sunlight into energy, including solar panel manufacturers and installers
Wind Energy 57 Startups, $5.7B Total FundingCompanies that generate power using air flow, including wind turbine manufacturers and installers
Sector Trends & Insights
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Investing into the sector is occurring across a variety of categories
The Solar Energy category accounts for 33% of venture funding and 21% of total companies in the energy technology sector
Venture Investing in Energy Technology
Companies are categorized by function, and therefore can exist in multiple categories. Data through June 2017
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VC Funding Count
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VC funding into energy technology has grown in recent years
Overall energy technology VC funding grew at a CAGR of 33% from 2011-2016, and 2017 is currently at 59% of 2016 funding
Energy Technology Funding Over Time
Data through June 2017
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2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Tota
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Energy technology funding amounts have recently been towards later stage financings
Energy Technology Funding Amount By Round
57% of 2016 energy technology VC funding went into Series C and Series D events
Graphs shows only the funding rounds listed therein, data through June 2017
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Late Stage Series D Series C Series B Series A Seed
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Energy technology startups founded in 2007 lead in VC funding
Startups founded in 2007 account for 28% of the sector funding over the last decade, and include companies like Terra-Gen Power, Sunrun, and View
Energy Technology Funding By Vintage Year
Data through June 2017
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Energy technology startups are a global phenomenon
Energy Technology Startup Count by Country
Data through June 2017
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Companies
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A variety of VC investors are making bets into energy technology
Selected Investor Activity in Energy Technology
The above count represents a subset of overall investor activity, data through June 2017
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Over half of the energy technology exit events are acquisitions
Exit events within the energy technology sector grew by 20% from 2011 to 2016, and 2017 is currently at 28% of 2016 exit events
Energy Technology M&A and IPO Events By Year
Data through June 2017
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Quarterly Notable Events
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Recent energy technology funding statistics
There have been 55 energy technology funding events from January 2017 through March 2017
Recent Energy Technology Funding Round Counts
Graph shows only the funding types listed therein, data as of June 2017
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Seed Series A Series B Series C Series D Series E Late Stage
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Recent energy technology funding events
Notable Recent Energy Technology Funding Events
Company Funding Type Amount Date
Post IPO EquityPost IPO Debt
$1,700,000,000$850,000,000
Mar 28, 2017
Debt Financing $390,000,000 Jan 17, 2017
Post IPO Debt $303,000,000 Jan 11, 2017
Post IPO Debt $240,000,000 Feb 22, 2017
Post IPO Debt $210,000,000 Jan 17, 2017
Energy technology startups raised $5 billion from January 2017 through March 2017
Data as of June 2017
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