Global Energy Storage Investments Soar, Doubling in H1 2024

Corporate funding in the energy storage sector surged to USD 15.4 billion in H1 2024, marking a 117% increase from H1 2023, driven by strong venture capital and debt financing. Lithium-ion battery companies led VC funding, followed by investments in battery recycling and advanced battery technologies. Debt and public market financing skyrocketed 294%, highlighting robust growth in the energy sector.