Venture capitalists in the USA are heading back into the alternative energy sector. Investments in the sector have increaesed by 73 percent in the last 3 months.
A report issued today by Ernst & Young LLP says venture capital investment in the clean-technology sector totaled about $572 million from April to June.
That’s still far less than the money invested during the second quarter of 2008, a big year for alternative energy, but suggests that the worst may be over for solar, wind geothermal and other cleantech businesses.
Thank god. Hopefully this does mean that the worst of the slump is over. There have been some other signs that the economy in general is picking up, so that should be reflected in the area of alternative energies as well. There are some interesting interviews with CEOs of businesses concerned with alternative energies and also with some researchers concerning business models, recent laws and research worth pursuing in the future at http://www.ourblook.com/component/option,com_sectionex/Itemid,200076/id,8/view,category/#catid92
Comment by Bill — @