Using CB Insights data, we outline the most active corporations and CVC funds investing into the solar industry and the trends that are emerging from their investments.
Solar energy is becoming more than just an “alternative” energy source, thanks to a series of factors, from tumbling prices for photovoltaic panels and battery storage to governments and climate organizations pushing for lowered greenhouse gas emissions.
The industry has received interest from a wide range of financiers, including corporations. Since 2012, roughly a fifth of all deals to private companies in the solar industry have involved a corporate — including utilities and industrial conglomerates — with 2017 hitting a high of 21% of deals.
French energy and utility company ENGIE is the industry’s most active corporate investor.
We used CB Insights data to outline the top corporations that have been investing in the industry, the bets they have been making, and the trends and deals that stand out in their investments.
TOP CORPORATIONS ARE LOOKING AT EMERGING MARKETS, SMART STORAGE, SOLAR PANEL INNOVATION
Since 2012, France’s ENGIE has been the industry’s most active corporate investor. It’s followed by GE’s venture capital arm. Shell Technology Ventures and Exelon’s Constellation Technology Ventures are tied for third.