Q1 clean-tech investments break record (Silicon Valley)
Clean technology investments rose 83 percent in the first quarter of 2009 as $1.9 billion was given to a record 180 companies, a report said Wednesday.
The report by the Cleantech Group and Deloitte LLP said growth in venture investment was matched in the quarter by new investment from utilities and corporations.
Sheeraz Haji, president of the Cleantech Group, called the first quarter the strongest start to a year recorded. "Key to the growth has been increasing interest in a broader range of clean-tech themes, such as smart mobility and resource efficiency, which are now taking over from the historically dominant renewable energy sector."
Transportation attracted $704 million in 27 deals, led by a $350 million investment in Palo Alto-based Better Place in the second largest VC clean-tech deal on record.
Read the full post in the Silicon Valley/San Jose Business Journal.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.