Venture capital (VC) funding for the smart grid sector in 2011 was “anemic,” according to the annual and fourth quarter merger and acquisition (M&A) and funding activity for the smart grid sector for 2011 released Mercom Capital Group, LLC. The average VC funding round dropped by 50 percent in 2011 to $7.5 million compared to almost $15 million in 2010. VC funding in 2011 brought $377 million in 50 deals (24 disclosed) compared to $769M in 51 deals in 2010 (27 disclosed).

Mercom blames the drop in VC funding on “current economic conditions and uncertainty along with a lack of clear direction in the Smart Grid sector is plainly evident based on the depressed funding activity so far this year.”

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