Upward Cleantech Investments

http://www.solarfeeds.com/ad/batterydollars.jpgJust finished my weekly article on ICIS Chemical Business (this one aboutglycerine) so I have time to blog for the next 2 days. I am also hopingto post my last three BIO interviews (Verdezyne, DNP Green and Allylix)and one sustainability interview with Eastman.

Before all that, here’s a recent report from Ernst & Young about the comeback of venture capital investments in clean technologycompanies. According to the consulting firm, 2Q VC investment incleantech companies this year hit $1.5 billion in 68 financing rounds, a 63.8% increase in capital and an 4.6% increase in deals compared to Q22009. This was said to be the highest level of venture funding forcleantech since Q3 2008.

The second quarter was marked by financing activity in electricvehicles. According to Ernst & Young, the momentum in EVs wasunderscored by President Obama’s speech at the Smith Electric Vehiclesfactory in Kansas City, MO, on July 8 where he announced that the USshare of the world market for advanced batteries for electric and hybrid vehicles could grow by 20%, up to 40% of the world’s market, by 2015.

More on advanced batteries in later post (I’ve been meaning to do this for several weeks now).

Meanwhile, five of the top 10 VC deals in Q2 2010 were in the solarsegment, which received $438.8 million, an increase of 182.6% comparedto Q2 2009.

The less capital intensive energy efficiency sector continued toreceive the most deal activity. In Q2 2010 this cleantech categoryreceived $199.3 million dollars in 15 financing rounds, according toErnst & Young.

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