A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

VC Investors and Entrepreneurs Speak on Energy Storage

Energy storage is a real business and remains one of the clearest problems on the energy landscape.

Energy storage remains a missing piece of the modern electrical grid and a pain point for electric vehicles and portable power applications. Venture investors and entrepreneurs have been looking for opportunities in these sectors for a while now — and progress has been slow.

Moderator Greg Heibel, a partner at law firm Orrick and Orrick, hosted a panel today to look at policy, markets, and why new energy storage technologies have made so little impact to date.

Here are some of the panel’s observations:

Abe Yokell, Partner, RockPort Capital, gave the VC viewpoint. He noted that energy storage is hardly a monolithic category and that it contains very distinct sectors and use-cases. Within utility-scale, there’s ancillary services and bulk energy storage. Energy storage also comes in behind-the-meter enterprise flavors, as well as EV transportation and energy storage for consumer portables.

Rockport’s portfolio includes isothermal CAES firm SustainX, Li-ion battery management systems from Qnovo, and a firm still in stealth.

Yokell noted that the funding environment for cleantech and energy storage is challenging — many VC firms have allocated their funds to existing companies. And that means that seed funding and round A funding is going to be tough. Strategic investors, which have their own unique set of plusses and minuses, are playing a larger role and are sometimes leading later funding rounds.


Leave a Reply