Smart grid funding falls off cliff; M&A activity also drops
By: SGN Staff
By Jesse Berst
Just when the rest of the economy is reviving, venture investing in smart grid plummeted in the first quarter of the year according to Mercom Capital Group. Only 13 deals were funded for a total of $76 million, the lowest since Q3 2009.
M&A activity also took a dive, but partly because only 2 of the 9 transactions disclosed the amount.