Avnet Silica Research Reports €2.14 Billion Funding for European Energy Storage Startups
Avnet Silica's research reveals that European energy storage startups have attracted €2.14 billion in equity funding, with nearly half of this amount raised in the past three years. The report highlights significant investments in various sectors, including €331.8 million in battery energy storage systems and €696.7 million in mechanical storage, while also noting that Avnet Silica aims to support innovation through its Reach New Heights program.
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Avnet Silica's new research indicates that European energy storage startups have secured €2.14 billion in equity funding, with 46.7% achieved in the last three years. The study highlights significant investments across various segments: €331.8 million in battery energy storage systems (BESS), €696.7 million in mechanical storage, and over €259 million in the supply chain.
Lithium-based batteries dominate BESS funding with €236 million, while emerging technologies like EV charging with embedded storage have raised €435.5 million. Thermal energy storage startups garnered €105.9 million, and 57% of BESS startups offer turnkey services. Avnet Silica is committed to supporting innovation through programs like Reach New Heights, aiding startups in overcoming technological scaling challenges.
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