Investment & Innovation Trends

In 2025, global energy VC deal values reached $16 billion across 1,076 deals.

Global energy VC activity in 2025 repeatedly emphasized the scope of the AI boom. Fortified by stabilizing macroeconomic conditions, technological advancements and improving market sentiments, capital flow held firm through the latter half of the year, nearly matching 2024’s final total. The towering demand for AI infrastructure, namely data centers, played a key role, as did the drive for clean energy investments.

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New Energy Technologies

Share of energy VC deal count by top five emerging spaces

Energy VC deal activity with nontraditional investor participation

Data center funding reached new heights with $15.2 billion raised across 401 deals, doubling 2024’s activity.

The post-pandemic market recovery finally materialized in the industry’s exit activity. Rejuvenated investor confidence, public listings and a broad recovery of global equity markets all played a factor, resulting in nine more VC exits in the back half of 2025 than in that same period the year prior.

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Source: PitchBook Geography: Global *As of DECEMBER 31, 2025

Energy VC deal activity

Data center operators & providers VC pre-money valuation ($M) by stage

Explore 2021 subsector trends

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Spotlight on Mobilitytech

Electric vehicle charging infrastructure, hydrogen energy, fusion energy, thermal batteries and next-generation nuclear fission made up the five most-funded emerging spaces in the energy sector.

Explore 2021 investment & valuation trends

Nontraditional investors played a major role in energy VC deal flows, taking part in 531 deals for $13.8 billion.

Explore 2021 climatetech exit trends

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“Energy availability has become the gating issue for new development. Investors are directing capital toward platforms that can secure or control power through generation assets, co-location strategies, or structured supply arrangements.”

“Hyperscalers have power purchase agreements with nuclear facilities, and multinationals are investing in bringing major projects online, signaling that nuclear is no longer a legacy technology but a cornerstone of the AI-driven energy future.”

Partner New York

Adam Rachlis

Partner Miami & New York

Stephen J. Humes

Climatetech: 2023 Year in Review

Climatetech: Investment Trends & Macro Influences

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Emerging Growth & Venture Capital

Partner Silicon Valley

Greg Luinenburg

“Startups that can demonstrate alignment with regulatory trends tend to have an easier time attracting capital across multiple jurisdictions.”