PitchBook：2026支撑 AI 产业爆发研究报告：破解电网瓶颈成为核心投资新赛道（英文版）（23页）.pdf

1、CONFIDENTIAL.NOT FOR REDISTRIBUTION.1POWERING THE AI BOOMEMERGING TECH RESEARCHPowering the AI Boom:Fixing Grid Bottlenecks Emerges as a Critical Investment FrontierCapital is flowing into a grid technology sector driven by renewable energy integration,datacenter growth,and the expanding role of dis

2、tributed energy assets.Key takeaways Global VC deal value in grid technologies has recovered from its post-2021 correction,reaching$4.8 billion in 2025 and tracking ahead of that pace through H1 2026.Rising median deal values and post-money valuations over the same period suggest the recovery is bei

3、ng driven by larger individual rounds rather than an increase in deal volume.Energy storage has consistently represented the largest share of annual deal value in the space,with lithium-ion technologies dominating by capital raised but non-lithium technologies also attracting growing investor intere

4、st.The commercial progress of companies such as Form Energy in 2026 points to long-duration,non-lithium storage beginning to move beyond early-stage development into large-scale deployments.Institutional Research GroupJohn MacDonagh Senior Research Analyst,Carbon&Emissions Tech and Clean Energy Tech

5、 Published on June 30,2026ContentsKey takeaways 1Overview 3Power grid technologies market map 7VC activity 8Trends and drivers 17References 22CONFIDENTIAL.NOT FOR REDISTRIBUTION.2POWERING THE AI BOOM The stage mix has shifted away from early-stage dominance toward a more even split between early-and

6、 later-stage VC,with later-stage deals leading in both 2024 and 2025.This pattern is consistent with a maturing investment landscape in which a group of companies is progressing toward commercialization rather than remaining at the proof-of-concept stage.North America has been the most active region