From today's EEI newsletter:
New Investments Flowing Into Clean-Energy Technology Sector
Money is beginning to flow at a faster clip into the alternative energy sector than had been expected, thanks to increased global demand for green technology, the Los Angeles Times reported today. Wrote the newspaper: "Courting the state's growing clean-tech small businesses are banks, federal export finance officials and even venture capitalists, who have traditionally shunned the capital-intensive sector. They are focused in part on helping the small companies reach the overseas clients who are increasingly hungry for their technology."
Venture capital investment in clean-technology companies soared 78 percent last year to $2.9 billion, up from $1.6 billion in 2005, the Times reported, citing data released by Cleantech Venture Network. Jason Matlof, a partner at Battery Ventures, was quoted by the Times as saying: "Venture-backed clean-tech start-ups are on a trajectory. In five years people will look back and it will be deemed as one of the big venture trends, similar to the Internet trend." Matlof also noted that Venture capitalists began noticing some of the biggest recent initial public offerings were made by clean-tech companies.
Los Angeles Times , Jan. 31.
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