{"id":389,"date":"2010-08-04T10:34:09","date_gmt":"2010-08-04T14:34:09","guid":{"rendered":"http:\/\/sciencebusiness.technewslit.com\/?p=389"},"modified":"2010-08-04T10:34:09","modified_gmt":"2010-08-04T14:34:09","slug":"clean-tech-venture-capital-hits-1-5-billion-in-2nd-quarter","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=389","title":{"rendered":"Clean Tech Venture Capital Hits $1.5 Billion in 2nd Quarter"},"content":{"rendered":"<figure id=\"attachment_391\" aria-describedby=\"caption-attachment-391\" style=\"width: 200px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/technewslit.com\/sciencebusiness\/wp-content\/uploads\/2010\/08\/SolarPanels_NREL_200.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-391\" title=\"SolarPanels_NREL_200\" src=\"http:\/\/technewslit.com\/sciencebusiness\/wp-content\/uploads\/2010\/08\/SolarPanels_NREL_200.jpg\" alt=\"Solar Panels (NREL)\" width=\"200\" height=\"199\" srcset=\"https:\/\/technewslit.com\/sciencebusiness\/wp-content\/uploads\/2010\/08\/SolarPanels_NREL_200.jpg 200w, https:\/\/technewslit.com\/sciencebusiness\/wp-content\/uploads\/2010\/08\/SolarPanels_NREL_200-150x149.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><figcaption id=\"caption-attachment-391\" class=\"wp-caption-text\">(National Renewable Energy Laboratory)<\/figcaption><\/figure>\n<p>Venture capital (VC) investment in U.S. clean technology (cleantech) companies in the second quarter of 2010 hit $1.5 billion in 68 financing rounds, according to an <a href=\"http:\/\/www.ey.com\/US\/en\/Newsroom\/News-releases\/US-VC-investment-in-cleantech-continues-upward-trajectory-with-1.5-billion-investment-in-Q2-2010\">Ernst &amp; Young analysis<\/a> based on data from Dow Jones VentureSource. Automotive, solar, and alternative fuel companies attracted the most investment dollars.<\/p>\n<p>Ernst &amp; Young says this was the highest level of venture funding for cleantech since Q3 2008, which represents a 64 percent increase in capital and an 5% increase in the number of deals compared to the second quarter of 2009. Most of the investment funding was concentrated in the 10 largest deals, which grabbed $993 million or nearly two-thirds of the the total. Almost that same amount &#8212; $891 million in 33 deals &#8212; went to later stage, as opposed to earl stage, investments.<\/p>\n<p>VC firms made their largest second-quarter clean tech investments in companies building electric cars or the facilities to support them. One deal for $350 million in <a href=\"http:\/\/www.betterplace.com\/\">Better Place<\/a>, a Palo Alto, California maker of electric vehicle support infrastructure accounted for nearly a quarter (23%) of the total $1.5 billion invested in clean tech.<\/p>\n<p>Five of the 10 largest deals for a total of $439 million were in solar energy companies, including an $180 million investment in <a href=\"http:\/\/www.brightsourceenergy.com\/\">BrightSource Energy<\/a> of Oakland, California that provides solar power to utilities and industrial customers. The largest number of deals &#8212; 15 investments for $199 million &#8212; were in energy efficiency investments.<\/p>\n<p>Clean technology, as defined by Ernst &amp; Young, covers alternative fuels, non-carbon and non-nuclear based power generation, energy storage technologies, energy efficiency, water, recycling and waste processing, and industry-specific initiatives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venture capital (VC) investment in U.S. clean technology (cleantech) companies in the second quarter of 2010 hit $1.5 billion in 68 financing rounds, according to an Ernst &amp; Young analysis based on data from Dow Jones VentureSource. Automotive, solar, and alternative fuel companies attracted the most investment dollars. Ernst &amp; Young says this was the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[36,24,17,19],"class_list":["post-389","post","type-post","status-publish","format-standard","hentry","category-finance","tag-biofuels","tag-investment","tag-solar","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=389"}],"version-history":[{"count":4,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/389\/revisions"}],"predecessor-version":[{"id":394,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/389\/revisions\/394"}],"wp:attachment":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}