Renewable Energy Investments Up 50% in 2007
Venture capital (VC) investments in renewable energy sources, including solar, biodiesel, and ethanol (among others) hit $3.4 billion… up a whopping 50 percent over investments in green energy ventures in 2006.
This story from RenewableEnergyAccess.com has more information:
Investment in solar was more than $1.05 billion in more than 70 financing rounds. Investment in battery technology came to $433.9 Million and the energy efficiency/smart grid sector received $419.1 million in investments.
According to Greentech (Media), venture firms also continue to invest in biofuels such as cellulosic ethanol and biodiesel, with more than $750 Million directed towards these new feedstocks and technologies. Notable alternative energy VC funding rounds in 2007 included HelioVolt’s $101M for thin film photovoltaics, Great Point’s $100M for coal gasification, Amyris’ $70M for synthetic biology and biofuels, and A123’s $70M for innovative battery technology.
The story goes on to say the entire renewable energy spectrum saw more than 220 funding rounds.
1 Comment »
Deep Patel
I am invovled in the Angel / VC community and there is high interest in renewable energy deals. From there point of view, they are trying to seperate the winning business models from business which dont make any sense. Unlike the dot com boom, the investors are acutally looking at if the business makes sense before investing, unlike the dot com area in which if you had a deal money would be thrown at it with minium due dillience.
-Deep Patel
http://www.gogreensolar.com
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