Wednesday, September 26, 2007
Cleantech Investments Surge
Ernst & Young and Dow Jones VentureOne are reporting today that the investments in clean technology companies this year have reached $1.1B in the first half of 2007. The research, which was released today, found that clean technology investments are poised to increase by more than 35% this year compared to last. Among the findings in the report were that the U.S. had 71 venture deals in the first six months of 2007, totaling over $893M; the report found that clean technology's share of overall venture capital investments has doubled since 2001. The most interest in clean technology was on solar-related companies, then alternative fuels. Southern California has seen its own share of energy related venture financings; among the energy related firms here are solar firms Soliant Energy and Energy Innovations; biofuels firm Gevo and Altra Biofuels; as well as Earthanol, Transonic Combustion, Zinc Matrix Powers, and other clean technology firms.