- Jan 25, 2019 2:40 am GMT
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This is probably not new news. Battery storage is receiving the most money from venture capitalists. According to Mercom Capital Group's statistics, VC funding for battery storage increased by 19 percent to $850 million. Together, funding for companies focused on the three areas noted in the title jumped by 86% to $2.8 billion. Funding for storage startups focused on lithium-ion batteries was the highest. That's not surprising considering that the market for lithium-ion battery storage is expected to demonstrate 55 percent annual growth each year.