News and Views on Energy Issues In California

Visit California Energy Blog

Limping Economy Threatens Clean Tech Gravy Train

Posted on October 01, 2008

Clean Technology startups enjoyed another banner quarter in Q3, taking in $2.6 billion in venture capital investments, with 43% of that going to California companies. The most active investors were all from the Bay Area and included four venture capital funds and Google. So far, $6.6 billion has been invested in clean tech startups this year-- more than all of last year. Year over year, investment in Q2 and Q3 was up 17% and 37%, respectively.But all is not well. Experts predict that the economic slowdown (can we finally say recession yet?) will impact the industry hard. Industries such as b...

Original article link


alternative energy , biofuels , economic , economy , solar , solar energy