Tracxn Research — Energy Storage Landscape, November 2016
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Transcript of Tracxn Research — Energy Storage Landscape, November 2016
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Energy Storage Report – November 2016
TracxnWorld’s Largest Startup Research Platform
2
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Energy Storage Report – November 20163
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 10
Who is Investing 21
Exit Outlook - IPO, Acquisitions 25
Sub Sector Analysis 28
Interesting Companies 46
Useful Links 54
Company List 57
Team 172
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Energy Storage Report – November 20164
Sector Overview
Scope of report
This report covers companies which provide technology and solutions to develop new battery chemistry and manufacture batteries usingexisting proven technologies. This report also covers those companies which provide both grid locked as well as behind-the-meterEnergy Storage solutions and other battery management and charging solution providers such as chargers, battery banks and charginginfrastructures developers. Coverage has also been included for companies which are manufacturing innovative charging solutions suchas wireless charging solution providers and fuel cell and its component developers. This report however does not cover large establishedcell manufacturers and companies whose primary business line is not development of battery storage systems. Apart from them batteryresellers have been excluded, both in brick and mortar and online forms.
The scope of this report includes equity as well as debt funding received by the companies.
Business Model Description
Batteries Companies who are into either commercial manufacturing of batteries or developing new battery chemistry
Energy Storage SystemsDevelopers of either power storage systems using different forms of batteries or terrestrial energy storage systemsusing heat, pressure, kinetic energy etc. for Residential, C&I and Utility customers
Fuel CellCompanies developing and manufacturing fuel cells and its components as an energy generation and energy storagetechnology
Charging SolutionsCompanies providing charging solutions for end users in multiple forms, both battery and terrestrial based. Somecompanies facilitate access to charging, others provide charging.
Component DevelopersCompanies developing components such as electrodes, electrolytes and other materials for manufacturing ordeveloping energy storage products
Battery Management Solutions
Companies devising both software and hardware solutions for better battery management to optimize batteryperformance
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Energy Storage Report – November 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5
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Energy Storage Report – November 2016
63
55
60
69 70
61
11
0
16
32
48
64
80
2010 2011 2012 2013 2014 2015 2016
Nu
mb
er o
f C
om
pan
ies
6
YoY – Number of companies founded
Liotech Gogoro StoreDot LYON Superchargers Roost Staq Energy Cadenza Innovation
Sonnen uBeam UniEnergy Technologies Quantum Energy Storage EnSite Power Redback Technologies Evergen
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Energy Storage Report – November 20167
Large Upcoming Sectors
No. of Companies Founded
Average Age
No. of Companies Funded
Business ModelTotal
FundingExample
50 Nov-2011 24Charging Solutions > Wireless Charging > Consumer and Power Electronics
$249M yanktechnologies.com
Yank Technologies2013, New York City
59 Jul-2009 28Energy Storage Systems > Behind-the-meter Storage > Power Storage
$280M wininertia.es
Win Inertia2007, La Rinconada
25 Nov-2004 17Energy Storage Systems > Grid Storage > Power Storage
$3.5B transpowerusa.com
TransPower2010, Poway
32 Jun-2002 17 Fuel Cell > Developers > PEM $438M trenergi.com
Trenergi2009, Franklin
44 May-2002 29Energy Storage Systems > Grid Storage > Terrestrial Storage
$705M whirlnrg.com
Whirl Energy2010, San Francisco
31 Jan-2000 24Energy Storage Systems > Integrated Energy Storage > Power Storage
$1.0B xtremepower.com
Xtreme Power2004, Kyle
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Energy Storage Report – November 20168
Niche Upcoming Sectors
No. of Companies Founded
Average Age
No. of Companies Funded
Business ModelTotal
FundingExample
15 Aug-2012 9Charging Solutions > Charging Network > Consumer and Power Electronics
$62M tryzappy.com
Zappy2015, New York City
9 Nov-2011 4Charging Solutions > Charging Network > Automotive
$180M ycharge.net
YCharge2014, Sofia
24 Jan-2009 13Energy Storage Systems > Integrated Energy Storage > Terrestrial Storage
$140M tessol.in
Tessol2013, Mumbai
29 May-2008 23 Batteries > Other Chemistries $773M zpowerbattery.com
ZPower Battery1996, Camarillo
22 Jun-2005 16 Batteries > Capacitors $246M store-dot.com
StoreDot2012, Herzliya
19 Feb-2004 12 Fuel Cell > Developers > Solid Oxide $1.0B wattfuelcell.com
Watt Fuel Cell2010, Port Washington
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Energy Storage Report – November 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
9
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Energy Storage Report – November 201610
YoY – Number of Rounds and Total Funding
Note: The funding includes debt rounds also.
$634M
$1.0B
$1.2B $1.2B
$632M
$1.3B
$2.4B
$1.1B
$2.9B
54
8172
9189
120
147
138
118
0
28
56
84
112
140
168
0
500
1000
1500
2000
2500
3000
3500
2008 2009 2010 2011 2012 2013 2014 2015 2016
Nu
mb
er of R
ou
nd
sFu
nd
ing
Am
ou
nt
(in
Mill
ion
s)
Funding Amount Number of Rounds
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Energy Storage Report – November 201611
YoY – Number of Rounds by Stage
13 13
25 2721
8
42 43
47
6569
63
2519
22
2624
27
0
28
56
84
112
140
2011 2012 2013 2014 2015 2016
Nu
mb
er o
f R
ou
nd
s
Seed Early Late
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Energy Storage Report – November 201612
YoY – Funding by Stage
$8M$7M
$11M$10M
$19M $2M
$338M
$214M $151M
$365M $352M $268M
$851M
$371M
$868M
$1.7B
$363M
$1.5B
0
500
1000
1500
2000
2500
2011 2012 2013 2014 2015 2016
Tota
l Fu
nd
ing
Am
ou
nt
(in
Mill
ion
s)
Seed Early Late
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Energy Storage Report – November 201613
Average Ticket Size – Early Stage
$0.6M $0.5M $0.4M $0.4M$0.9M
$0.5M
$5.7M
$4.8M
$2.1M
$4.5M
$3.6M
$4.4M
$16.1M
$10.3M
$8.5M
$12.5M
$13.5M
$4.2M
0.0
4.0
8.0
12.0
16.0
20.0
2011 2012 2013 2014 2015 2016
Fun
din
g A
mo
un
t (i
n M
illio
ns)
Seed Series A Series B
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Energy Storage Report – November 201614
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
alevo.comAlevo
(Martigny-ville, 2009)$700M PE Mar-2016 Undisclosed
byd.comBYD
(Shenzhen, 1995)$450M Series G Jul-2016 Samsung
gogoro.comGogoro
(Taipei, 2011)$130M Series B Nov-2015 Panasonic, National Development Fund
sonnenbatterie.deSonnen
(Wildpoldsried, 2010)$85M Series D Oct-2016 Envision Energy
chargepoint.comChargePoint
(Campbell, 2007)$50M Series F May-2016 Braemar Energy Ventures, Constellation, Statoil, Envision Ventures, Linse Capital
phinergy.comPhinergy
(Lod, 2008)$50M Series A Jan-2016 Alcoa
younicos.comYounicos
(Berlin, 2006)$50M PE Dec-2015 First Solar, GRUPOECOS
nexeon.co.ukNexeon
(Abingdon, 2006)$44M Series E May-2016 Imperial Innovations, Invesco, Woodford Investment Management
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Energy Storage Report – November 201615
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
sunverge.comSunverge Energy
(San Francisco, 2009)$37M Series C Feb-2016 AGL Energy, Australian Renewable Energy Agency, SBCVC, Siemens Financial Services
aquionenergy.comAquion Energy
(Pittsburgh, 2008)$33M Series E Jan-2016 Undisclosed
exide.comExide Technologies
(Milton, 1888)$31M
Grant (prize
money)Jun-2016 United States Department of Defense
uetechnologies.com
UniEnergy Technologies
(Mukilteo, 2012)$25M Series B Dec-2015 Orix Capital Corporation
eosenergystorage.comEos Energy Storage
(New York City, 2007)$23M Series C Oct-2016 Undisclosed
stem.comStem
(Millbrae, 2009)$23M Series C May-2016 Mithril
greensmithenergy.comGreensmith Energy
(Rockville, 2009)$18M Series C Dec-2015 E.on, American Electric Power
skeletontech.comSkeleton Tech(Berlin, 2009)
$15M Series C Aug-2016 FirstFloor Capital, UP Invest, Harju Elekter Group
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Energy Storage Report – November 201616
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
solidenergysystems.comSolidEnergy Systems
(Waltham, 2012)$12M Series B Jan-2016 Temasek
draysontechnologies.comDrayson Technologies
(London, 2007)$12M Series B May-2016 Lansdowne Partners, Woodford Investment Management
canadiansolar.comCanadian Solar(Guelph, 2001)
$10M Series C Jan-2016 IFC
staqenergy.comStaq Energy
(Louisville, 2015)$10M Series A May-2016 Undisclosed
viznenergy.comViZn Energy
(Columbia Falls, 2009)$10M Series C Apr-2016 Undisclosed
gaelectric.ieGaelectric
(Ringsend, 2004)$9M PE Aug-2016 European Union
cymbet.comCymbet
(Elk River, 2000)$9M Series E Dec-2015 Undisclosed
convergentep.com
Convergent Energy and Power
(New York City, 2011)$9M Series B May-2016 Undisclosed
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Energy Storage Report – November 201617
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
itm-power.comITMPower
(Sheffield, 2004)$8M PE Feb-2016 Undisclosed
geli.netGeli
(San Francisco, 2011)$8M Series A Apr-2016 Shell Global
relicellbattery.com
Greenvision Technologies
(Bangalore, 2008)$8M Series A Apr-2016 Undisclosed
ilika.comIlika
(Chilworth, 2004)$8M PE Oct-2016 Undisclosed
silatronix.comSilatronix
(Madison, 2007)$8M Series B Jun-2016 hitachi chemical, Inabata
agmbatteries.comAGM Batteries(Thurso, 1997)
$8MGrant (prize
money)Jan-2016 The APC UK
abmeastafrica.comABM Kenya
(Nairobi, 1963)$7M PE Jun-2016 METAIR
redbacktech.comRedback Technologies
(Brisbane, 2015)$7M Series A Oct-2016 EnergyAustralia
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Energy Storage Report – November 201618
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
unchartedplay.comUncharted Play
(New York City, 2011)$7M Series A May-2016 Kapor Capital, Magic Johnson, BBG Ventures
alveoenergy.comAlveo Energy
(Palo Alto, 2012)$7M Series B Mar-2016 NanoDimension Management
pluglesspower.comEvatran
(Wytheville, 2009)$6M Series B Dec-2015 Zhejiang VIE Science & Technology
chargeitspot.comChargeItSpot
(Philadelphia, 2012)$5M Series A Dec-2015 Robin Hood Ventures, Seedinvest, SoundBoard Angel Fund
temporalpower.comTemporal Power
(Mississauga, 2010)$5M
Grant (prize
money)Sep-2016 Sustainable Development Technology Canada
cadenzainnovation.comCadenza Innovation
(Oxford, 2016)$5M Series A Jul-2016 Golden Seeds, Connecticut Innovations, Scale Investors
brightvolt.comBrightVolt
(Redmond, 1998)$5M Series B Sep-2016 New Science Ventures
elixwireless.comELIX Wireless
(Vancouver, 2013)$5M Series A Sep-2016 Chongqing Zongshen Power Machinery Co Ltd (001696)
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Energy Storage Report – November 201619
Funnel view of Sector
Percent of Previous
58%
62%
43%
117
87
136
313
505
869
0 200 400 600 800 1000
M&A & IPO
Late
Series B
Series A
Funded
Founded
Number of Companies
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Energy Storage Report – November 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
20
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Energy Storage Report – November 201621
Most Active Investors in Sector
29
12
9 9 98
7 76 6
0
7
14
21
28
35
Department ofEnergy (US)
Intel Capital Conduit Ventures Khosla Ventures KPCB In-Q-Tel Braemar EnergyVentures
Draper FisherJurvetson
ATEL CapitalGroup
NYSERDA
Tota
l Nu
mb
er o
f R
ou
nd
s
Wildcat Discovery Technologies
Lilliputian Systems
PolyFuel Sakti3 Lilliputian Systems Protonex PowerGenix Prudent Energy Ioxus Ioxus
SustainX ZPower Battery Pemeas LightSail Energy Primus Power SkyBuilt Power Ioxus Nano Tune Primet Precision Watt Fuel Cell
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Energy Storage Report – November 201622
Where are Top Investors investing
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Energy Storage Report – November 201623
Top Investor by Stage of Entry
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Energy Storage Report – November 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
24
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Energy Storage Report – November 201625
Top IPOs in last three years
IPO Date Company OverviewFunding Amount
Jun-2016 alelion.comAlelion Energy Systems
(Moelndal, 2006)
Lithium Ion battery manufacturerFouriertransform, Pegroco Invest -
Jun-2015 energizer.comEnergizer
(St. Louis, 1896)
Portable battery manufacturer-
Apr-2015 electropowersystems.com
Electro Power Systems(Paris, 2005)
Energy Storage solutions for grid operators360 Capital Partners, ACG Management $6.9M
Jul-2014 intelligent-energy.comIntelligent Energy
(Loughborough, 2001)
Develops PEMfuel cellStanford University, GIC, Turquoise $217M
Mar-2014 energous.comEnergous
(San Jose, 2012)
Wireless charging technology$5.5M
Dec-2013 aleees.comAleees
(Taoyuan City, 2005)
Lithium battery cathode materials and electric busesGSR Ventures, GRC SinoGreen Fund -
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Energy Storage Report – November 201626
Major Acquisitions in last one year
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Energy Storage Report – November 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
27
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Energy Storage Report – November 201628
November 2016Tracxn BlueBox: Energy Storage870 companies in the sector, 316 funded in last 5 years, $3.9B invested in 2015/16 (YTD)
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Energy Storage Report – November 201629
Top Business Models by Funding
$4.6B
$3.7B
$2.0B
$1.2B
$0.4B$0.2B
0.0
1.0
2.0
3.0
4.0
5.0
Energy Storage Systems Batteries Fuel Cell Charging Solutions Component Developer Battery Management
Tota
l Fu
nd
ing
Am
ou
nt
(in
Bill
ion
s)
# Cos. 183 249 131 200 47 58
Avg. Age Jul-05 Jan-99 Aug-02 Feb-10 Feb-00 Sep-06
Alevo Boston Power Bloom Energy NRG Energy Nexeon Younicos
BYD A123 Systems Intelligent Energy GogoroWildcat Discovery
TechnologiesLucid
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Energy Storage Report – November 201630
Energy Storage Systems – Business Model Description
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Energy Storage Report – November 201631
Energy Storage Systems – Entrepreneur Activity and Investment Trend
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Energy Storage Report – November 201632
Energy Storage Systems – Most Funded Companies
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Energy Storage Report – November 201633
Batteries – Business Model Description
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Energy Storage Report – November 201634
Batteries – Entrepreneur Activity and Investment Trend
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Energy Storage Report – November 201635
Batteries – Most Funded Companies
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Energy Storage Report – November 201636
Fuel Cell – Business Model Description
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Energy Storage Report – November 201637
Fuel Cell – Entrepreneur Activity and Investment Trend
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Energy Storage Report – November 201638
Fuel Cell – Most Funded Companies
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Energy Storage Report – November 201639
Charging Solutions – Business Model Description
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Energy Storage Report – November 201640
Charging Solutions – Entrepreneur Activity and Investment Trend
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Energy Storage Report – November 201641
Charging Solutions – Most Funded Companies
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Energy Storage Report – November 201642
Component Developer – Business Model Description
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Energy Storage Report – November 201643
Component Developer – Entrepreneur Activity and Investment Trend
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Energy Storage Report – November 201644
Component Developer – Most Funded Companies
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Energy Storage Report – November 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
45
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Energy Storage Report – November 201646
Interesting Unfunded and Seed Companies
Curated list of companies by the sector analyst are defined as Interesting
Company Overview Business ModelTotal
Funding
Tanktwo(2012, Vantaa)
Battery technology for electric vehiclesBatteries > Lithium-Ion -
Humavox(2010, Kfar Saba)
Near-field RF based wireless charging platformCharging Solutions > Wireless Charging > Consumer and Power Electronics
-
Ampy(2013, Evanston)
Battery pack that's charged by movementClean Energy Trust, G2T3V, Newgen Venture Partners
Charging Solutions > Plug-in Charging > Consumer and Power Electronics
$875K
Cumulus Energy Storage(2012, Rotherham)
Grid level energy storage solutions Energy Storage Systems > Grid Storage > Power Storage
$404K
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Energy Storage Report – November 201647
Interesting Series A Companies
![Page 48: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/48.jpg)
Energy Storage Report – November 201648
Interesting Series B Companies
![Page 49: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/49.jpg)
Energy Storage Report – November 201649
Interesting Late Stage Companies
![Page 50: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/50.jpg)
Energy Storage Report – November 201650
Interesting Late Stage Companies
![Page 51: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/51.jpg)
Energy Storage Report – November 201651
Top Funded Deadpooled Companies
![Page 52: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/52.jpg)
Energy Storage Report – November 201652
Top Funded Deadpooled Companies
![Page 53: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/53.jpg)
Energy Storage Report – November 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
53
![Page 54: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/54.jpg)
Energy Storage Report – November 201654
Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Top investments in last one year Investment Trend Link
Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link
Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link
Batteries – Most Funded Companies Sub Sector Understand Link
Energy Storage Systems – Most Funded companies Sub Sector Understand Link
Component Developer – Most Funded Companies Sub Sector Understand Link
Charging Solutions – Most Funded Companies Sub Sector Understand Link
Fuel Cell – Most Funded companies Sub Sector Understand Link
Battery Management – Most Funded companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link
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Energy Storage Report – November 201655
![Page 56: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/56.jpg)
Energy Storage Report – November 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
56
![Page 57: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/57.jpg)
Energy Storage Report – November 201657
Energy Storage – Company List
Energy Storage Systems
Batteries Fuel Cell Charging Solutions
Component Developer
Battery Management
505 FUNDED COMPANIES AND 364 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS
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Energy Storage Report – November 201658
Energy Storage Systems (1/23)Company Overview Business Model Total Funding
Sonnen(2010, Wildpoldsried)
Energy storage system providerseCAPITAL, Munich Venture Partners, GE Ventures, Inven Capital, SET Ventures, Envision Energy
Behind-the-meter Storage > Power Storage
$97.7M
Green Charge(2009, Santa Clara)
Energy Storage providers for Non-domestic usersTIP Capital, K Road DG
Behind-the-meter Storage > Power Storage
$66M
FlexGen Power Systems(2009, Houston)
Develops technology of ultracapacitores, Li-ion and Ni-Zn battriesGE, Altira Group, Caterpillar, GE Ventures
Behind-the-meter Storage > Power Storage
$25.5M
Acumentrics(1994, Westwood)
UPS and Fuel Cell developer for Military useChevron, Department of Energy (US), BIRD Foundation, Clean Energy Venture Group
Behind-the-meter Storage > Power Storage
$21M
Staq Energy(2015, Louisville)
Distributed Energy Storage solution providerBehind-the-meter Storage > Power Storage
$10M
Eguana Technologies(1999, Calgary)
Manufactures inverters and storage devicesDoughty Hanson
Behind-the-meter Storage > Power Storage
$8.5M
SkyBuilt Power(2002, Arlington)
Off-grid power solutions for off-road terrainGamesa, In-Q-Tel
Behind-the-meter Storage > Power Storage
$5.9M
SimpliPhi Power(2002, Ojai)
Battery Backup Solution providerBehind-the-meter Storage > Power Storage
$3.5M
Go to BM List >> Batteries
![Page 59: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/59.jpg)
Energy Storage Report – November 201659
Energy Storage Systems (2/23)Company Overview Business Model Total Funding
Powervault(2012, London)
Energy storage integrated with solarClimate-KIC, Sustainable Ventures, UK Government, London Co-Investment Fund, Green Angel Syndicate, Future Matters
Behind-the-meter Storage > Power Storage
$3.5M
Earl Energy(2009, Virginia Beach)
Off-Grid power solutions for Defense useBehind-the-meter Storage > Power Storage
$3.2M
MicroGen Systems(2007, Rochester)
Energy harvesting devices and sensors based on Piezo-MEMS technologyXTRION N.V.
Behind-the-meter Storage > Power Storage
$2.6M
Ferroamp Elektronik(2010, Spanga)
Smart Energy Management system developerAlmi Invest, KIC InnoEnergy, Pacific Power
Behind-the-meter Storage > Power Storage
$1.75M
Volterion(2014, Dortmund)
Redox Flow battery developer for behind-the-meter useFraunhofer Venture
Behind-the-meter Storage > Power Storage
$1.4M
Gridless Power(2010, Collingswood)
Battery pack for off-grid applicationsBehind-the-meter Storage > Power Storage
$465k
Northern Reliability(2007, Waitsfield)
Experts in power solutions and energy storageVermont Center for Emerging Technologies, Vermont Sustainable Jobs Fund
Behind-the-meter Storage > Power Storage
$355k
Incell International(2004, Kista)
Battery system for telecom application and micro-gridsBehind-the-meter Storage > Power Storage
$350k
Go to BM List >> Batteries
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Energy Storage Report – November 201660
Energy Storage Systems (3/23)Company Overview Business Model Total Funding
Totus Power(2013, San Francisco)
Portable Battery packsStart-Up Chile, Singularity Education Group, Impact Engine
Behind-the-meter Storage > Power Storage
$125k
Swell Energy(2014, Santa Monica)
Reseller and installer of behind-the-meter battery solutionsBehind-the-meter Storage > Power Storage
Moixa(2006, London)
Behind-the-meter Energy Storage system developers for home and commercial useInnovate UK
Behind-the-meter Storage > Power Storage
Solutions From Science(2010, Fulton)
Solar and hybrid energy storage solutions for domestic and off-road useBehind-the-meter Storage > Power Storage
SunRunr(2004, Virginia)
Portable solar power plant with storage systemsBehind-the-meter Storage > Power Storage
Freedom Won(2014, Roodepoort)
Home based energy storage systems and EV developerBehind-the-meter Storage > Power Storage
Mattro Mobility(2006, Schwaz)
Off-road electric mobility solutionsBehind-the-meter Storage > Power Storage
Spectral Utilities(2015, Amsterdam)
Power Storage Systems for off-grid and micro-grid usageBehind-the-meter Storage > Power Storage
Go to BM List >> Batteries
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Energy Storage Report – November 201661
Energy Storage Systems (4/23)
Go to BM List >> Batteries
![Page 62: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/62.jpg)
Energy Storage Report – November 201662
Energy Storage Systems (5/23)
Go to BM List >> Batteries
![Page 63: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/63.jpg)
Energy Storage Report – November 201663
Energy Storage Systems (6/23)
Go to BM List >> Batteries
![Page 64: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/64.jpg)
Energy Storage Report – November 201664
Energy Storage Systems (7/23)
Go to BM List >> Batteries
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Energy Storage Report – November 201665
Energy Storage Systems (8/23)
Go to BM List >> Batteries
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Energy Storage Report – November 201666
Energy Storage Systems (9/23)
Go to BM List >> Batteries
![Page 67: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/67.jpg)
Energy Storage Report – November 201667
Energy Storage Systems (10/23)
Go to BM List >> Batteries
![Page 68: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/68.jpg)
Energy Storage Report – November 201668
Energy Storage Systems (11/23)
Go to BM List >> Batteries
![Page 69: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/69.jpg)
Energy Storage Report – November 201669
Energy Storage Systems (12/23)
Go to BM List >> Batteries
![Page 70: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/70.jpg)
Energy Storage Report – November 201670
Energy Storage Systems (13/23)
Go to BM List >> Batteries
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Energy Storage Report – November 201671
Energy Storage Systems (14/23)
Go to BM List >> Batteries
![Page 72: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/72.jpg)
Energy Storage Report – November 201672
Energy Storage Systems (15/23)
Go to BM List >> Batteries
![Page 73: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/73.jpg)
Energy Storage Report – November 201673
Energy Storage Systems (16/23)
Go to BM List >> Batteries
![Page 74: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/74.jpg)
Energy Storage Report – November 201674
Energy Storage Systems (17/23)
Go to BM List >> Batteries
![Page 75: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/75.jpg)
Energy Storage Report – November 201675
Energy Storage Systems (18/23)
Go to BM List >> Batteries
![Page 76: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/76.jpg)
Energy Storage Report – November 201676
Energy Storage Systems (19/23)
Go to BM List >> Batteries
![Page 77: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/77.jpg)
Energy Storage Report – November 201677
Energy Storage Systems (20/23)
Go to BM List >> Batteries
![Page 78: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/78.jpg)
Energy Storage Report – November 201678
Energy Storage Systems (21/23)
Go to BM List >> Batteries
![Page 79: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/79.jpg)
Energy Storage Report – November 201679
Energy Storage Systems (22/23)
Go to BM List >> Batteries
![Page 80: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/80.jpg)
Energy Storage Report – November 201680
Energy Storage Systems (23/23)
Go to BM List >> Batteries
![Page 81: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/81.jpg)
Energy Storage Report – November 201681
Batteries (1/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 82: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/82.jpg)
Energy Storage Report – November 201682
Batteries (2/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 83: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/83.jpg)
Energy Storage Report – November 201683
Batteries (3/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201684
Batteries (4/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 85: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/85.jpg)
Energy Storage Report – November 201685
Batteries (5/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201686
Batteries (6/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201687
Batteries (7/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 88: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/88.jpg)
Energy Storage Report – November 201688
Batteries (8/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 89: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/89.jpg)
Energy Storage Report – November 201689
Batteries (9/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 90: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/90.jpg)
Energy Storage Report – November 201690
Batteries (10/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201691
Batteries (11/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 92: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/92.jpg)
Energy Storage Report – November 201692
Batteries (12/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201693
Batteries (13/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201694
Batteries (14/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201695
Batteries (15/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201696
Batteries (16/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 97: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/97.jpg)
Energy Storage Report – November 201697
Batteries (17/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201698
Batteries (18/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 201699
Batteries (19/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 2016100
Batteries (20/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 2016101
Batteries (21/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 2016102
Batteries (22/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 2016103
Batteries (23/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 2016104
Batteries (24/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 105: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/105.jpg)
Energy Storage Report – November 2016105
Batteries (25/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
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Energy Storage Report – November 2016106
Batteries (26/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 107: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/107.jpg)
Energy Storage Report – November 2016107
Batteries (27/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 108: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/108.jpg)
Energy Storage Report – November 2016108
Batteries (28/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 109: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/109.jpg)
Energy Storage Report – November 2016109
Batteries (29/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 110: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/110.jpg)
Energy Storage Report – November 2016110
Batteries (30/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 111: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/111.jpg)
Energy Storage Report – November 2016111
Batteries (31/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 112: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/112.jpg)
Energy Storage Report – November 2016112
Batteries (32/32)
Energy Storage
Systems << Go to BM List >> Fuel Cell
![Page 113: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/113.jpg)
Energy Storage Report – November 2016113
Fuel Cell (1/17)
Batteries << Go to BM List >> Charging Solutions
![Page 114: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/114.jpg)
Energy Storage Report – November 2016114
Fuel Cell (2/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016115
Fuel Cell (3/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016116
Fuel Cell (4/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016117
Fuel Cell (5/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016118
Fuel Cell (6/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016119
Fuel Cell (7/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016120
Fuel Cell (8/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016121
Fuel Cell (9/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016122
Fuel Cell (10/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016123
Fuel Cell (11/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016124
Fuel Cell (12/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016125
Fuel Cell (13/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016126
Fuel Cell (14/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016127
Fuel Cell (15/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016128
Fuel Cell (16/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016129
Fuel Cell (17/17)
Batteries << Go to BM List >> Charging Solutions
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Energy Storage Report – November 2016130
Charging Solutions (1/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016131
Charging Solutions (2/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016132
Charging Solutions (3/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016133
Charging Solutions (4/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016134
Charging Solutions (5/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016135
Charging Solutions (6/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016136
Charging Solutions (7/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016137
Charging Solutions (8/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016138
Charging Solutions (9/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016139
Charging Solutions (10/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016140
Charging Solutions (11/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016141
Charging Solutions (12/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016142
Charging Solutions (13/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016143
Charging Solutions (14/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016144
Charging Solutions (15/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016145
Charging Solutions (16/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016146
Charging Solutions (17/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016147
Charging Solutions (18/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016148
Charging Solutions (19/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016149
Charging Solutions (20/26)
Fuel Cell << Go to BM List >>Component
Developer
![Page 150: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/150.jpg)
Energy Storage Report – November 2016150
Charging Solutions (21/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016151
Charging Solutions (22/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016152
Charging Solutions (23/26)
Fuel Cell << Go to BM List >>Component
Developer
![Page 153: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/153.jpg)
Energy Storage Report – November 2016153
Charging Solutions (24/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016154
Charging Solutions (25/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016155
Charging Solutions (26/26)
Fuel Cell << Go to BM List >>Component
Developer
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Energy Storage Report – November 2016156
Component Developer (1/6)
Charging
Solutions << Go to BM List >>
Battery
Management
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Energy Storage Report – November 2016157
Component Developer (2/6)
Charging
Solutions << Go to BM List >>
Battery
Management
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Energy Storage Report – November 2016158
Component Developer (3/6)
Charging
Solutions << Go to BM List >>
Battery
Management
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Energy Storage Report – November 2016159
Component Developer (4/6)
Charging
Solutions << Go to BM List >>
Battery
Management
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Energy Storage Report – November 2016160
Component Developer (5/6)
Charging
Solutions << Go to BM List >>
Battery
Management
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Energy Storage Report – November 2016161
Component Developer (6/6)
Charging
Solutions << Go to BM List >>
Battery
Management
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Energy Storage Report – November 2016162
Battery Management (1/8)
Component
Developer << Go to BM List
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Energy Storage Report – November 2016163
Battery Management (2/8)
Component
Developer << Go to BM List
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Energy Storage Report – November 2016164
Battery Management (3/8)
Component
Developer << Go to BM List
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Energy Storage Report – November 2016165
Battery Management (4/8)
Component
Developer << Go to BM List
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Energy Storage Report – November 2016166
Battery Management (5/8)
Component
Developer << Go to BM List
![Page 167: Tracxn Research — Energy Storage Landscape, November 2016](https://reader034.fdocuments.in/reader034/viewer/2022042619/586f88af1a28ab54768b5d65/html5/thumbnails/167.jpg)
Energy Storage Report – November 2016167
Battery Management (6/8)
Component
Developer << Go to BM List
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Energy Storage Report – November 2016168
Battery Management (7/8)
Component
Developer << Go to BM List
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Energy Storage Report – November 2016169
Battery Management (8/8)
Component
Developer << Go to BM List
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Energy Storage Report – November 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
170
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Energy Storage Report – November 2016171
Team
Abhyudai Gupta
Lead Analyst, Energy
Pratik Kundu
Senior Analyst, Energy
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Energy Storage Report – November 2016172