Thursday, November 3, 2011
Study: Clean Technology Investments Up In Q3
Investments in U.S., clean technology deals were up in Q3 of 2011, according to a new analysis published by Ernst & Young this week. According to an analysis of data from Dow Jones VentureSource, Ernst & Young found that U.S. venture capital investment in cleantech companies increased by 73%, to $1.1 billion nationally, compared to 2010. The study found that clean technology investments were up compared with an overall venture capital trend of more dollars up, but deals down. California led the nation in cleantech investment in 2011 with $1,738.2 million raised to date. In Q3, California garnered 52% of all dollars with $583.0 million in investments. The report did not divide investments between Southern California and Northern California companies.