Mercom Smart Grid Q1 2017 Funding and M&A Fact Sheet

12 May 2017

VC Funding 

• Q1 2017: $164 million in 14 deals 

• Q4 2016: $46 million in 6 deals 

• Q3 2016: $11 million in 7 deals 

• Q2 2016: $222 million in 15 deals 

• Q1 2016: $110 million in 14 deals 

• Annual 2016: $389 million in 42 deals 

• Annual 2015: $425 million in 57 deals 

• Annual 2014: $383 million in 73 deals

Top 5 VC Funded Companies in Q1 2017 

• ChargePoint - a provider of an open electric vehicle charging network - secured $82 million in funding from: Daimler, BMW i Ventures, Linse Capital, Rho Capital Partners, and Braemar Energy Ventures. 

• Urjanet - a provider of utility data aggregation and analytics solutions - received $20 million in funding from Oak HC/FT. 

• POD Point - an electric vehicle charge point provider - raised $11.2 million in funding from Draper Esprit and Barclays Capital. 

• Blue Pillar - an energy IoT company and a provider of software-based solutions that increase real-time visibility into and control of distributed energy assets - raised $10 million in funding from: 

• Enchanted Rock - a provider of integrated electricity solutions using distributed energy and control technologies - raised $10 million in funding from Energy Impact Partners.

Q1 2017 VC Funding by Technology 

• Smart Charging of Plug-in hybrid vehicles (PHEV) and Vehicle to grid (V2G): $93 million in 2 deals 

• Distributed Generation and Integration: $33 million in 5 deals 

• Data Analytics: $20 million in 3 deals 

• SG Communications: $9 million amount in 2 deals 

VC Investors 

• Q1 2017: 40 investors 

• Q4 2016: 9 investors 

• Q3 2016: 7 investors 

• Q2 2016: 46 investors 

• Q1 2016: 22 investors 

• Annual 2016: 84 investors 

• Annual 2015: 103 investors 

• Annual 2014: 88 investors 

Debt and Public Market Financing 

• Q1 2017: No deals 

• Q4 2016: $7 million in 1 deal 

• Q3 2016: $250,000 in 1 deal 

• Q2 2016: $3 million in 1 deal 

• Q1 2016: $214 million in 2 deals 

• Annual 2016: $224 million in 5 deals 

• Annual 2015: $102 million in 2 deals 

• Annual 2014: $461 million in 8 deals 

Corporate M&A Transactions 

• Q1 2017: $35 million in 7 transactions 

• Q4 2016: Undsclosed amount in 1 transaction 

• Q3 2016: $1.8 billion in 8 transactions 

• Q2 2016: $208 million in 3 transactions 

• Q1 2016: $431 million in 2 transactions 

• Annual 2016: $2.4 billion in 15 transactions 

• Annual 2015: $5.4 billion in 20 transactions 

• Annual 2014: $3.9 billion in 32 transactions 

Disclosed M&A Transactions in 2016 

• Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation, acquired Viridity Energy, a provider of energy management software, for $35 million.

• Grid Optimization: $9 million amount in 2 deals

VC Investors 

• Q1 2017: 40 investors 

• Q4 2016: 9 investors 

• Q3 2016: 7 investors 

• Q2 2016: 46 investors 

• Q1 2016: 22 investors 

• Annual 2016: 84 investors 

• Annual 2015: 103 investors 

• Annual 2014: 88 investors 

Debt and Public Market Financing 

• Q1 2017: No deals 

• Q4 2016: $7 million in 1 deal 

• Q3 2016: $250,000 in 1 deal 

• Q2 2016: $3 million in 1 deal 

• Q1 2016: $214 million in 2 deals 

• Annual 2016: $224 million in 5 deals 

• Annual 2015: $102 million in 2 deals 

• Annual 2014: $461 million in 8 deals 

Corporate M&A Transactions 

• Q1 2017: $35 million in 7 transactions 

• Q4 2016: Undsclosed amount in 1 transaction 

• Q3 2016: $1.8 billion in 8 transactions 

• Q2 2016: $208 million in 3 transactions 

• Q1 2016: $431 million in 2 transactions 

• Annual 2016: $2.4 billion in 15 transactions 

• Annual 2015: $5.4 billion in 20 transactions 

• Annual 2014: $3.9 billion in 32 transactions

Mercom | http://www.mercomcapital.com