Smart Grid Venture Capital at $62M in Q1 2012

Source:  Jeff St. John, Greentech Grid, April 17, 2012.

According to the Mercom Capital Group’s smart grid report, venture capital investment in smart grid was $61 million in the first quarter of 2012.  The number is down slightly from the prior quarter (six percent), but down thirty-nine percent from the same quarter last year.  The record for the sector was $305 million raised in the second quarter of 2010.

Merger and acquisition activity was strong, however, with over a half billion dollars for the quarter for disclosed deals.