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Austin, TX, United States, 2011/04/13 - Mercom Capital Group, LLC, released funding and merger and acquisition (M&A) activity for the Smart Grid sector during the first quarter of 2011 - MercomCapital.com.
Mercom Capital Group, LLC, a global clean energy communications and consulting firm, today released funding and merger and acquisition (M&A) activity for the Smart Grid sector during the first quarter of 2011.
VC funding in the Smart Grid sector decreased significantly in Q1 2011 with $76 million raised in 13 deals. In comparison, VC funding in Q4 of 2010 was $188 million in 18 deals. “After a 2010 banner year for Smart Grid, it remains to be seen if the first quarter of 2011 was an anomaly or a trend,” commented Raj Prabhu, Managing Partner at Mercom Capital Group. The first quarter of last year (2010) also started slow with only $89 million raised by VCs, then picked up significantly in later quarters.
The top five transactions accounted for almost 82 percent of total transactions, led by GridPoint with $24 million, Control4 with $15 million, Viridity Energy with $14 million, Powerit Solutions with $5 million and UTILICASE with $5 million.
Twenty-one different VCs participated in the funding rounds. The USA accounted for most, with eight out of 13 total deals.
Merger and acquisition (M&A) activity in the Smart Grid sector amounted to $300 million in nine deals in Q1 of 2011. The most significant M&A transaction was Schneider Electric's acquisition of Summit Energy for $268 million.
About Mercom Capital Group
Mercom Capital Group (mercomcapital.com) is a global clean energy communications and consulting firm with offices in the US and India. Mercom’s communications division helps clean energy companies build powerful relationships with media, analysts, government decision-makers, local communities and strategic partners. Mercom’s consulting division advises clean energy companies on new market entry, custom market intelligence and overall strategic decision-making. Mercom delivers highly respected industry market intelligence reports covering Solar Energy, Wind Energy and Smart Grid. Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making.