$5.18B: Cleantech VC Funding Hits New Highs

Moresco, Justin
January 2008
Red Herring;1/17/2008, p3
Trade Publication
The article reports that clean technology venture funding in North America and Europe increased by 40 percent in 2007. Venture investment in clean technology reached $5.18 billion despite the global economic uncertainties. Energy costs, global competition for resources and favorable government policies are seen as the factors that motivated clean technology investors. Northeastern U.S. was strong in energy storage, while Western Europe was strongest in recycling and waste. According to Nicholas Parker, a representative from Cleantech Group, medium and long-term value propositions for clean technology opportunities posted growth in six consecutive years.


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