Total power industry venture financing deals worth $558.7m were announced in North America in January 2022, led by $200m venture financing of Factorial Energy, according to GlobalData’s deals database.

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The value marked a decrease of 74.4% over the previous month of $2.18bn and a drop of 16.4% when compared with the last 12-month average of $668.5m.

North America held a 55.87% share of the global power industry venture financing deal value that totalled $1bn in January 2022. With a 46.38% share and deals worth $463.78m, the US was the top country in North America’s venture financing deal value across power industry.

In terms of venture financing deal activity, North America recorded 23 deals during January 2022, marking a flat growth over the previous month and a drop of 8.00% over the 12-month average. The US recorded 20 deals during the month.

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North America power industry venture financing deals in January 2022: Top deals

The top five power industry venture financing deals accounted for 78.4% of the overall value during January 2022.

The combined value of the top five power venture financing deals stood at $437.76m, against the overall value of $558.7m recorded for the month.

The top five power industry venture financing deals of January 2022 tracked by GlobalData were:

1) Mercedes-Benz Fuel Cell and Stellantis $200m venture financing deal with Factorial Energy

2) The $94.7m venture financing of Viridi Parente by Ashtead Group,B. Thomas Golisano and National Grid Partners

3) BP,Chevron,Temasek Holdings (Private) and Vickers Venture Partners $79.06m venture financing deal with Eavor Technologies

4) The $40m venture financing of Fermata by ClearSky Ventures,I Squared Capital,SkyView Ventures,The Carlyle Group and Verizon Ventures

5) Andreessen Horowitz,Energize Ventures and New Enterprise Associates $24m venture financing deal with Smartcar