UK-headquartered Zenobē Energy attracted the most venture capital (VC) funding of any company in the energy storage industry during 2023, as found by Mercom Capital.
Mercom found there was a decline of 28% year-on-year (YoY) in the total sum of corporate funding, with US$19 billion raised across 120 deals in 2023, versus US$26.4 billion in 2022 from 124 deals.
Mercom also made available its ranking of the top five VC funding recipients in the sector during last year, finding it unchanged since the Q3 2023 list it put out in October last year.
