New wave · Worldwide
New energy storage startups, founded 2020 on
The new wave: 58 energy storage startups founded in 2020 or later that have raised money in rounds we track, $5.0B between them, placed in 4 segments.
58startups on the map
4segments
$5.0Braised between them
Battery storage projectsmost funded segment
Akaysha Energy
Fidra Energy
Rezolv Energy
EnerVenue
Terra One
Pathway Power
Project Omega
Varco Energy
Elevate Renewable Energy
Granite Source Power
Redeux Energy
GoodPeak
Peak Power
LiNova Energy
Capalo AI
theion
Johnson Energy Storage
Green Voltis
Eddy Grid
enSights
Moonwatt
Evyon
Cactos
Powerline
+19 more
Funding by segment
- Battery storage projects$4.2B43
- Thermal storage$700M9
- Mechanical storage$17M3
- Storage software$32M3
Where they are based
- United States21$854M
- United Kingdom7$891M
- Australia5$1.5B
- Germany4$202M
- Finland3$30M
- Sweden3$615M
- Canada2$24M
- Netherlands2$21M
- Spain2$1.7M
- Romania1$763M
United States
United Kingdom
Australia
Germany
Finland
Sweden
Canada
Netherlands
Spain
RomaniaFounded
Earlier
12
13
14
15
16
17
18
19
520
2121
1122
1023
724
425
26
Total raised
- Under $1M9
- $1M to $10M25
- $10M to $50M13
- $50M to $250M6
- $250M to $1B4
- $1B and over1
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
57 of 58 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- United States21
- United Kingdom7
- Australia5
- Germany4
- Finland3
- Sweden3
- Canada2
- Netherlands2
- Spain2
- Romania1
- Norway1
- India1
Norway
IndiaStartups by country, 17 countries in all.
Segment by segment
Battery storage projects
43 startups · $4.2B raised
- Akaysha EnergyAkaysha Energy offers full-cycle development for projects including Battery Energy Storage Systems (BESS) and renewable energy.Australia$1.5B
- Fidra EnergyFidra Energy is a battery energy storage firm/business that aims to aid decarbonization for electrical system.United Kingdom$804M
- Rezolv EnergyRezolv Energy is an independent power producer and renewable energy developer based in Prague, Czech Republic.Romania$763M
- EnerVenueEnerVenue is an energy storage infrastructure company based in Fremont, California, founded in 2020.United States$312M
- Terra OneTerra One engages in the development and operation of large-scale battery storage systems.Germany$185M
- Pathway PowerPathway Power is a utility-scale solar and battery storage developer building a renewable energy value chain.United States$150M
- Project OmegaProject Omega is a nuclear technology startup founded in 2026 and headquartered in Rhode Island.United States$92M
- Varco EnergyVarco Energy is a battery storage asset owner and operator.United Kingdom$75M
Thermal storage
9 startups · $700M raised
ElvyElvy is a Stockholm-based energytech startup founded in 2023, specializing in AI-optimized, subscription-based home energy systems.Sweden$595M
ExowattExowatt is a renewable energy company based in Miami, Florida, founded in 2023.United States$50M
Fourth PowerFourth Power is an innovative energy technology company based in Cambridge, Massachusetts.United States$39M
TheStorageTheStorage is a Finnish cleantech startup based in Tampere, focused on developing industrial thermal energy storage systems.Finland$5.4M
Cache EnergyCache Energy is a technology startup based in Champaign, Illinois, focused on long-duration energy storage (LDES) and heat electrification.United States$4.0M
Fex EnergyFeX Energy is a Montreal-based clean technology startup founded in 2023, emerging from over 15 years of research.Canada$3.5M
Good HeatGood Heat is a climate technology startup focused on providing clean, electrified industrial heat as a service.Australia$2.0M
NanolopeNanolope is a Berlin‐based deep‐tech company developing high‐density thermal energy storage materials for buildings and energy systems.Germany$936K
Mechanical storage
3 startups · $17M raised
Green GravityGreen Gravity is an Australian clean technology company founded in 2021, based in North Wollongong, New South Wales.Australia$9.0M
QneticQnetic is a renewable energy startup based in New York, founded in 2021.United States$5.1M
LevistorLevistor is a UK-based cleantech company founded in 2021, specializing in high-power, short-duration energy storage systems.United Kingdom$2.6M
Storage software
3 startups · $32M raised
Decade EnergyDecade Energy develops energy storage, charging, and software solutions that secures power for electric fleets at the lowest possible cost.France$26M
InbalanceWe use machine learning to accurately forecast electricity prices.Lithuania$3.4M
Alpha GridAlpha Grid is a software development company based in Palo Alto, California, founded in 2020.United States$2.5M
France
LithuaniaHow this map is made. Every startup here has raised money in rounds we track, and was founded in 2020 or later. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in energy storage, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.
More market maps
All mapsMarket mapEnergy storage market map185 startups · 6 segments · $17BInvestors mapWho invests in energy storage69 investors · 6 segmentsRaised in 2026Energy storage startups that raised in 202651 startups · 4 segments · $8.7BMarket map · United StatesEnergy storage market map: United States76 startups · 4 segments · $8.8BMarket map · EuropeEnergy storage market map: Europe70 startups · 5 segments · $5.7BMarket mapMarketing tech market map1,963 startups · 7 segments · $41B
Who backs energy storage?
Open any company for its rounds and investors, or search the investors behind these startups in the app, with filters, lists and exports.