Monday, November 1, 2010

US Venture Investments In Cleantech Plummet In Q3, Energy Efficiency Bucks The Trend

Domestic venture capital funding of cleantech businesses fell 55% to $575.6 million in the third quarter of 2010 compared to the same period last year according to a new report from Ernst & Young and Dow Jones VentureSource. The energy efficiency segment, however, beat the downward trend. The largest deal of the entire quarter was a $65 million third-round later stage deal closed by Solaria Corp., a Fremont, CA developer of silicon photovoltaics and high-efficiency solar panels. Including "energy efficiency products, power and efficiency management services or industrial products," the energy efficiency segment saw 17 deals raising a total of $161.7 million in venture capital funds, representing an increase of 6% by dollars, and 21% by number of deals, year-over-year in Q3.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/sncVZh12hyQ/

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