Energy storage industry ipo

What is LG Energy Solution's IPO worth?

LGES is one of the world's top electric vehicle (EV) battery makers, supplying the likes of Tesla (NASDAQ:TSLA) and General Motors Co (NYSE:GM). LG Energy Solution applied for preliminary approval of an IPO that publication IFR says could fetch $10 billion-$12 billion, easily South Korea's biggest-ever listing.

How many energy IPOs are there?

This year, a record nearly 400 traditional IPOs and an additional 600 special-purpose acquisition companies (SPACs) listed on the markets. Total deal value for traditional IPOs clocked in at $153.5B while SPACs fetched $162.3B, both record highs. Unfortunately, the same cannot be said about the energy sector.

What is the outlook for the battery storage industry?

The outlook for the battery storage industry is as rosy as they get. According to the EIA, operating utility-scale battery storage power capacity in the United States more than quadrupled from 2014 (214 MW) through March 2019 (899 MW).

How much is corporate funding for battery energy storage?

A more recent report by the research outfit reveals that total corporate funding (including VC, Debt, and Public Market Financing) in battery energy storage came to $4.7 billion in 17 deals compared to $3.1 billion in 19 deals in Q4 2020. Funding was up significantly year-over-year (YoY) compared to $244 million in nine deals in Q1 2020.

Who is energy storage products & services provider?

Energy storage products and services provider formed by Siemens and AES. We are enabling the global clean energy transition with market-leading energy storage products and services and digital applications for renewables and storage.

Which companies are preparing for the IPO?

The company estimates that as of May, it has eliminated 145,000 metric tons of carbon per year, roughly the same as taking over 30,000 cars off the road annually. J.P. Morgan, Morgan Stanley, Barclays and BofA Securities are the lead bookrunners for the IPO. The Technology Roundup newsletter brings the latest news and trends straight to your inbox.