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The EnergyTech Stack

The complete tracker for energy technology companies — nuclear fusion, battery storage, grid technology, and the clean energy transition.

25
Companies Tracked
$22B
Total Funding Raised
5
Pre-IPO Companies
4
S-1 Filed
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Top EnergyTech Companies
Ranked by valuation — 25 companies tracked
1
Northvolt S-1 Filed

European battery manufacturer producing sustainable lithium-ion batteries for electric vehicles and energy storage.

Valuation: $12B Raised: $15B Pre-IPO
2
Form Energy Pre-IPO

Energy storage company developing low-cost iron-air batteries for multi-day grid energy storage.

Valuation: $1.8B (est.) Raised: $1.7B Series G
3
X-Energy S-1 Filed

X-Energy is a nuclear energy company developing small modular reactors (SMRs) and TRISO-X fuel. Amazon-backed and DOE-funded, filed S-1 with SEC on March 20 2026 targeting $1B raise on Nasdaq under ticker XE. Partners include Talen Energy, Dow Chemical, and Centrica.

Valuation: $3.5B Raised: $1B+ Public
4
Redwood Materials Pre-IPO

EV battery recycling company recovering lithium, cobalt, and nickel to build closed-loop battery supply chains.

Valuation: $3.7B Raised: $1.35B Series D+
5
Watershed Pre-IPO

Enterprise carbon management platform helping companies measure, reduce, and report their emissions.

Valuation: $3.5B Raised: $520M Series D
6
Climeworks private

Swiss direct air capture company removing CO2 directly from the atmosphere using modular DAC units.

Valuation: $2B Raised: $785M Series H
7
Sila Nanotechnologies Pre-IPO

Battery materials company replacing graphite anodes with silicon for higher-energy EV batteries.

Valuation: $3.3B Raised: $1.3B Series G
8
QuantumScape S-1 Filed

Solid-state lithium-metal battery company developing next-generation EV batteries.

Valuation: $1.5B Raised: $2.3B Public
9
Electric Hydrogen private

Green hydrogen electrolyzer company making clean hydrogen production cost-competitive with fossil fuels.

Valuation: $1B Raised: $830M Series D
10
Commonwealth Fusion Systems Pre-IPO

Fusion energy company developing high-field superconducting magnets to achieve commercial fusion power.

Valuation: $2B+ Raised: $1.8B Series B
11
Arcadia private

Clean energy platform helping millions of Americans access community solar and renewable energy.

Valuation: $1.5B Raised: $125M Series E
12
Turntide Technologies private

Smart motor technology company replacing legacy electric motors with AI-powered efficient motors.

Valuation: $1B Raised: $635M Series E
13
Cambium private

AI-driven molecular design and manufacturing of novel polymers and composites for hypersonics, missile defense, space, and advanced aerospace applications [mdash] compressing material discovery from decades to months.

Valuation: Undisclosed Raised: $278M Series B
14
Twelve private

CO2 transformation company converting captured carbon dioxide into fuels, chemicals, and materials.

Valuation: $800M Raised: $861M Series B
15
Carbon Engineering acquired

Pioneer in direct air capture technology, acquired by Occidental Petroleum to scale carbon removal at industrial levels.

Valuation: $1.1B Raised: $163M Acquired
16
Ascend Elements private

Battery materials company recycling lithium-ion batteries into high-performance cathode materials.

Valuation: $1B Raised: $542M Series C
17
Koloma private

Geological hydrogen company discovering and producing naturally occurring hydrogen from the earth.

Valuation: $350M Raised: $91M Series A
18
Dandelion Energy private

Residential geothermal heating company making ground-source heat pumps affordable for homeowners.

Valuation: $200M Raised: $237M Series B
19
Rondo Energy private

Industrial heat storage company using cheap renewable electricity to decarbonize industrial processes.

Valuation: $100M Raised: $202M Series A
20
EnergyVault S-1 Filed

Long-duration energy storage company using gravity-based systems to store and discharge renewable energy.

Valuation: $1.2B Raised: $388M Public
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Sector Pipeline
Company count by funding stage
Series A
4
Series B
4
Series C
2
Series D
2
Series E
2
Pre-IPO
1
Public
4
Series G
2
Series H
1
Series D+
1
defunct
1
Acquired
1
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Recent Funding Rounds
Latest deals in the EnergyTech sector
Cambium
Series B · Jan 2026
$100M
Led by 8VC
Climeworks
Series D · Feb 2024
$650M
Led by Balderton Capital
Watershed
Series C · Dec 2023
$100M
Led by Kleiner Perkins, Lightspeed
Cambium
Series A · Nov 2023
$19M
Led by 8VC
Electric Hydrogen
Series B · Nov 2023
$198M
Led by Breakthrough Energy Ventures, Amazon
Verdagy
Series C · Sep 2023
$50M
Led by Breakthrough Energy Ventures, Mitsubishi Heavy Industries
Carbon Engineering
Acquisition · Aug 2023
$1.1B
Led by Occidental Petroleum
Moxion Power
Series B · Aug 2023
$100M
Led by Andreessen Horowitz, Generate Capital
Northvolt
Debt/Equity · May 2023
$5B
Led by Goldman Sachs
Form Energy
Series D · Apr 2023
$450M
Led by Breakthrough Energy Ventures, GIC Singapore
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Sector Themes
Key narratives driving the EnergyTech sector in 2026
1

AI data center power demand creating once-in-generation energy investment cycle

2

Nuclear fusion reaching commercial ignition threshold in 2025-2026

3

Long-duration battery storage unlocking 24/7 renewable baseload

4

Small modular reactors (SMRs) receiving regulatory approval

5

Grid modernization becoming national security infrastructure priority

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