Surging VC Interest Marks a New Era for Energy Storage ...Middle East

OILPRICE - Economy
Surging VC Interest Marks a New Era for Energy Storage
source : OILPRICE ( Middle East ) () 18
2023 was a rough year for venture capital funding in the United States. Across sectors, venture capital investments dropped by a whopping 30%, from $242.2 billion in 2022 to just $170.6 billion recorded in startup funding last year. The tip comes as the economy tries to absorb the whiplash of inflation and readjusted valuations. But a couple of key sectors saw marked increases in an otherwise dismal year: artificial intelligence and energy storage. Together, these sectors paint a vivid picture of where the United States economy is headed. …

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