By ESS news
As energy storage becomes increasingly important for the integration of renewables, grid resilience and energy security, investors are increasing support for technology developers. As China continues to dominate manufacturing, European energy storage companies are steadily attracting more investment and attention.
A new analysis from Belgium-based Avnet Silica, the European semiconductor division of global technology distributor Avnet, shows that total equity funding for European startups producing energy storage hardware (for commercial, industrial and networking applications) has reached €2.14 billion. Nearly 47% of this funding was raised in the last three years, and 84% in the last five years, underscoring the rapid acceleration of the sector.
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