The energy storage industry saw a significant surge in corporate funding during the first half of 2024, as companies worldwide raised a total of US$15.4 billion according to Mercom Capital. This amount reflected a substantial 117% increase from the funding raised in the same period of 2023. Notable investments included a range of technologies beyond lithium-ion batteries, such as Enervenue's metal-hydrogen batteries, Natron Energy's sodium-ion batteries, and Antora Energy's thermal heat and power storage systems. The top five venture capital deals in H1 2024 totaled US$2.4 billion, with a notable focus on innovative battery technologies. Debt and public market financing deals also soared to US$13 billion, showcasing a massive 294% increase compared to the previous year. Additionally, mergers and acquisitions activity in the energy storage sector expanded, with more deals completed in H1 2024 compared to the previous year. The trends indicate a positive outlook for the industry's growth and development, with increasing investments and interest in diverse energy storage technologies.