Global early-stage venture capital investment in energy technology companies, 2010-2019

Sources

IEA calculations based on Cleantech Group (2020).

Notes

Includes seed, series A and series B financing deals. Outlier deals of over USD 1 billion that distort the year-on-year trend are excluded; they totalled USD 2.1 billion in 2018 and zero in 2019. World Energy Investment 2019 did not exclude them. Transport includes alternative powertrains and their infrastructure but does not include shared mobility, logistics or autonomous vehicle technology. “Bioenergy” does not include biochemicals. “Other low-carbon energy” includes CCUS, smart grids. “Conventional fuels” includes fossil fuel extraction and use as well as vehicle fuel economy.