Venture Capital Investment in Cleantech
U.S. Venture Capital Investment in Cleantech Jumps 8%
American venture capital investment in Cleantech increased 8% in 2010. Venture capital investment in the industry is now sitting at nearly $4 billion. This is an encouraging start to 2011 for the clean technology industry and venture capital as a whole.
Something to ponder: recent research papers in Energy Policy projected that “Using existing technologies, the world could convert almost entirely to green power by mid-century — and it wouldn’t cost much more than people now spend on energy.”
With three IPOs executed by companies in the industry helping stimulate investor enthusiasm, venture capital financing of U.S. cleantech companies increased by 8% to about $4 billion in 2010, up from $3.7 billion the year before, according to an Ernst & Young report based on data from Dow Jones VentureSource.
Investments in solar technology businesses increased by 77% to about $1.6 billion in 2010. In the fourth quarter, solar investments totaled $279 million, an increase of 129% compared to the same period in 2009.
Investments in electric vehicles and charging stations totaled $695 million last year, including notably large deals completed by Better Place, Fisker Automotive, and Coda Automotive.
Seed round investments in cleantech companies also demonstrated a resurgence in 2010, accounting for 18, deal, which represents a 125% increase compared to 2009. Source
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