As the concept of environmental responsibility reaches a critical mass, the venture capital community appears to be following suit. According to findings from the Venture Capital Association, clean technology emerged as the fastest growing area for venture capital investment last year. The 54% rise to $4.1 billion in clean technology investment towers over the $444 [...]
While the venture capital industry worldwide is feeling the effects of the current economic conditions, there is one area that doesn’t seem to be feeling the pinch as much: renewable energy. According to Greentech Media Inc., venture capital investment in green technologies totaled $836.1 million in the first quarter of 2009.
Remarks made by Ira Ehrenpreis, [...]
VCs invested over $1 billion in alternative energy during the third quarter of 2008, while investments in most other sectors were down – and this trend is likely to continue in 2009. For an overview of the hottest green-related opportunities, and the innovative people, organizations and ideas related to pursuing those opportunities, attend Alternative Energy [...]
The green-tech industry has been somewhat finance-challenged, but last Friday the Department of Energy announced plans to provide the first alternative-energy loan in four years. The DOE plans to give California start-up Solyndra $535 million in loans to design rooftop solar arrays.
According to CNet News writer Martin LaMonica, Energy Secretary Steven Chu has revamped the [...]