Value and number of global energy-related venture capital deals (early and late-stage) by year and by semester, 2008-2020

Sources

IEA calculations based on Cleantech Group (2020).

Notes

Includes seed, series A, series B, grants, growth equity, buyout and late-stage private equity, coin/token offering, and private investment in public equity (PIPE) financing deals. Deals reported in the last week of June 2020 are not counted. Outlier deals of over USD 1 billion that distort the year-on-year trend are excluded; they totalled USD 2 billion in 2008, 1.9 in 2009, 1 in 2010, 3.5 in 2011, 4.8 in 2012, 7.9 in 2013, 6.4 in 2014, 1.3 in 2015, 1.6 billion in 2016, 3.9 in 2017, 9.4 in 2018, 1.3 in 2019 and 1.2 in 2020. Transport includes alternative powertrains and their infrastructure, but does not include shared mobility, logistics or autonomous vehicle technology. “Renewables” includes bioenergy but not biochemicals. “Other low-carbon” includes CCUS and smart grids. “Conventional fuels” includes fossil fuel extraction and use as well as vehicle fuel economy.