PitchBook-2023年一季度清洁能源报告（英）-2023-11页

Q1 2023 Clean Energy Report Summary

Key Data Overview

• Q1 2023 quarter-over-quarter deal value declined by 23.9% to $2.8 billion, with a YoY drop of 40.3%.
• Deal count fell by 29.2% YoY to 138, the lowest since Q4 2020.
• Intermittent renewable energy led with $1.3 billion in deal value, driven by solar photovoltaic investments.
• Solar photovoltaic sector saw strong growth, offsetting declines in other categories like hydrogen and battery storage.

Clean Energy Landscape

• News highlights include the EU's Green Deal Industrial Plan supporting climate technologies, rules allowing nuclear-derived hydrogen to count toward renewable targets, and Canada's budget emphasizing clean energy tax credits.
• Offshore wind expansion in the Gulf of Mexico proposed, and US grants to support renewable energy adoption by farmers and small businesses.

VC Activity

• Overall investment in clean energy decreased, with solar photovoltaic dominating deals and company financing.
• Major deals: HuaSun Energy ($291.1 million Series B), Enpal ($228.4 million Series D).
• Exits and late-stage investments showed mixed results, with focus on solar, hydrogen, and battery technologies.

Emerging Opportunities

• Solar module production and waste-to-fuel advancements noted, with companies like Enpal expanding into new markets.

Company Highlights

• Enpal: German residential solar leasing company with $228.4 million Series D funding, aiming for market growth and product diversification.
• Other companies: GeoPura focuses on hydrogen, Amogy on hydrogen production.
• Enpal demonstrated profitability in 2022 and expanded partnerships for energy efficiency and EV integration.