Energy

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

AES and Siemens' joint energy storage venture is valued at a little over $1bn in the Qatar Investment Authority-funded transaction.

Tokyo Gas is paying $200m for a 9.7% stake in the clean energy utility while existing backer Origin energy is kicking in another $50m.

Micromobility, AI-equipped drug discovery, home fitness and cloud kitchens are among the sectors that look promising in 2021.

In the second half of out 2020 roundup we look at growth areas including digital health and health insurance, online education platforms and financial technology.

The IPO boom was helped by the emergence of Shanghai's Star market and the trend for reverse mergers, while corporate venturers were increasingly looking outwards.

Rio Tinto, Suez, La Capitale, Hydro-Québec and Innergex helped venture capital firm Cycle Capital reach the final close of its latest cleantech-focused fund.

Ride-hailing service Uber’s Advanced Technologies Group (ATG) subsidiary agreed to merge with self-driving technology developer Aurora with Uber investing $400m in the latter.

The hydrogen energy provider has raised $34.3m, more than two thirds coming in the form of convertible debt financing from AP Moller Holdings.

L3Harris Technologies participated in a series B round for microwave-based defence technology developer Epirus following a $17m round last year.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.