Thursday, July 30, 2009

Clean Technology Investments Up, Says Report

An analysis released by Ernst & Young this week finds that clean technology investments are up significantly this quarter, rising 73% to $572M from last quarter. According to the analysis, based on data from Dow Jones VentureSource, clean technology investments were up significantly from Q1, but still down 59% in terms of capital from Q2 of 2008, which was the second-highest quarter for cleantech investments on record. The key segments of investment were energy/electricity related deals, which total $157M, or 26 percent of all of the deals, followed by energy efficiency, which had $152M in investments. Among the biggest deals of the quarter was $40M invested in Englewood, Colorado-based Gevo--a spinout of Caltech working on biofuels, which moved from Pasadena last year due to permitting and regulatory hassles in California.