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Sector profile

Energy

Climate tech, batteries, grid, fusion

Decarbonising the global economy — renewables, energy storage, grid software, hydrogen, fusion, carbon capture. The most capital-intensive sector and the fastest-growing in 2025–26. · A public taster of the full Dealroom platform — request a demo for live deal flow, founder pedigrees, AI-talent maps, and per-company financials.

$920B+44%
Combined startup EV
$32B
VC invested (last 12mo)
7,600
Tracked startups globally
145
Thoroughbreds (top 1%)
🦄 Unicorns
110
110 live · +18 new in 2025
💎 Decacorns
11
$10B+ tier
🐎 Thoroughbreds
145
Top 1% growth · $500M+

Adjacent sectors by EV

Top hubs

Where Energy startups concentrate

Cities ranked by the count of Energy unicorns headquartered there.

By unicorn count
1 Bay Area, United States 24
2 Boston, United States 9
3 Stockholm, Sweden 5
4 Berlin, Germany 6
5 Beijing, China 12
6 London, United Kingdom 7
7 Paris, France 6
8 Munich, Germany 4

Sector funnel

From 7,600 Energy startups to 11 decacorns

Sequential progression from every tracked Energy startup down to the biggest scale-ups. Conversion rates show what fraction of one tier graduate to the next valuation cohort.

Tracked startups
7,600
Unicorns ($1B+ valuation)
110
1.4% of prior tier
Decacorns ($10B+ valuation)
11
10% of prior tier

🔥 Hottest sub-sectors

What's heating up inside Energy

The fastest-accelerating slices of Energy ranked by a composite heat score combining YoY VC growth, new-unicorn count, and scale. Tap any row to drill into the matching market map.

Heat = 50% YoY VC growth (capped at 5×) + 30% new unicorns 2025 + 20% scale (log EV). Filter floor: ≥30 VC-backed companies, ≥$1B sub-sector EV, ≥$10M last-12mo VC.

Vs. similarly-sized sectors

How Energy stacks up

Combined EV vs. the other 17 simplified sectors, plus a 5-yr growth × current-size scatter. Outliers in the upper-right are sectors compounding fastest.

Combined enterprise value
EV growth (5-yr ×) vs current EV
peer median 4.4× 2.1× 5.6× 9.2× $95B $576.6B $3.5T EV growth (5yr ×) Combined enterprise value (log) AI Biotech & Life Sciences Fintech Energy eCommerce & Marketplaces Consumer Services Other B2B Software

Top overview

All 18 sectors — combined view

Every simplified sector ranked by combined EV. Energy's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 AI $3.5T 9.2× 320 $145B 18.5K
2 Fintech $1.9T 4.8× 318 $38B 21.8K
3 Other B2B Software $1.7T 4.4× 305 $28B 36K
4 Consumer Services $1.3T 2.4× 220 $22B 23K
5 Biotech & Life Sciences $1.1T 3.4× 158 $26B 9,200
6 eCommerce & Marketplaces $1.1T 2.8× 175 $18B 18.8K
7 Energy $920B 6.2× 110 $32B 7,600
8 Transportation $880B 3.7× 88 $19B 4,400
9 Health Tech & Medtech $720B 4.1× 142 $16B 12.4K
10 Cybersecurity $480B 4.4× 92 $14B 6,800
11 Space $380B 5.6× 32 $7.4B 1,400
12 Food $320B 3.0× 56 $5.8B 4,200
13 Semiconductors $240B 7.6× 26 $8.4B 980
14 Edtech $220B 2.1× 38 $4.2B 5,800
15 Defence $175B 7.8× 14 $6.2B 720
16 Robotics $165B 6.1× 28 $9.1B 1,600
17 Marketing $150B 3.6× 38 $4.4B 6,200
18 Aviation $95B 4.2× 12 $3.8B 540

Geographic concentration

Where the Energy unicorns cluster

Countries whose share of the global Energy unicorn pool is bigger than their overall share of global unicorns. A 5× over-index means that country is 5× more represented in Energy than in the global average.

🇩🇪 Germany
4.16×
10 Energy unicorns · 9.1% of global sector
🇫🇷 France
3.30×
6 Energy unicorns · 5.5% of global sector
🇸🇪 Sweden
3.19×
5 Energy unicorns · 4.5% of global sector
🇬🇧 United Kingdom
1.19×
7 Energy unicorns · 6.4% of global sector
🇨🇳 China
0.90×
12 Energy unicorns · 10.9% of global sector
🇺🇸 United States
0.57×
33 Energy unicorns · 30.0% of global sector

Premium analytics

What we don't show on this page (yet)

Founder origins, AI-talent leaderboards, live deal flow and the patent landscape are gated to logged-in Dealroom users. Book a demo to access the full Energy dataset.

Founder origins
Where Energy founders went to school
Top universities
Origin countries
Origin companies
Per-capita map
Unlock on Dealroom
AI talent in Energy
Top employers of AI talent in Energy
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
Unlock on Dealroom
Deal flow
Live Energy deal flow & funding rounds
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
Unlock on Dealroom
Patent map
Energy patent landscape
Top patent filers
Tech-cluster map
Citations & influence
Filing velocity
Unlock on Dealroom

Sentiment on X

What X is saying about Energy

An AI-synthesized read of the highest-engagement posts about Energy on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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