Thursday, October 29, 2009

Cleantech VC Sees Uptick

A new analysis of Q3 2009 venture capital investments released today by Ernst & Young, find that clean technology investments jumped 46% quarter-to-quarter, to a total of $965M in 50 financing round. According to the analysis--using data from Dow Jones VentureSource--it was the second consecutive quarter of growth in clean technology investment. The analysis found that energy/electric generation scored the most investment in Q3, $316M, with the vast majority of that in solar. The largest solar deal with the $198M investment in Fremont-based Solyndra. Other areas of activity were "Industry-specific products/services", specifically the transportation segment, with the largest investment there the $83M invested in San Carlos-based Tesla Motors.