With the funding coming from the Obama administration on electric vehicle and other energy research development, this might continue stimulating the investment industry to pour additional green money to the clean technology and industrial biotechnology industries.According to a recent report from Ernst & Young, US venture capital (VC) investment in cleantech companies in the second quarter of this year reached $572 million, an increase of 73% in terms of capital, with 48 financing rounds, a 100% increase in number of transactions compared to Q1 2009.
Solar deals received the lion’s share of capital within the energy/electricity generation category while smart grid companies seem to be doing well within the energy efficiency category.
[Photo Sustainablechoice.com.au]
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