Connect with us

Hi, what are you looking for?

CleanTechnica

Biofuels

When Will Cleantech Exits Return?

Attendees of the fifth annual Clean-Tech Investor Summit, which starts Tuesday in Indian Wells, Calif., might notice a change in the agenda from previous years. The annual panel on cleantech investment exits –IPOs or acquisitions of venture-backed startups – has disappeared.

It’s a reflection of the economic environment, said Ron Pernick, a principal at research firm Clean Edge and a co-producer of the conference. “There haven’t been any exits to speak of, which tells you something,” he said.

The exit panel has been replaced, aptly, by “Strategies for Clean-Tech Financing in a Credit-Constrained World.”

Perhaps the last cleantech IPOs of note were those of solar-equipment manufacturer GT Solar and Energy Recovery, which makes energy-saving devices for water-desalination systems, way back in July. Several companies, including Schott Solar, Sovello (previously EverQ) and Codexis, canceled or postponed planned offerings.

Of course, greentech isn’t alone. A report released this month from Thomson Reuters and the National Venture Capital Association found no venture-backed IPOs in the fourth quarter and only six in the year.

Pernick reassures readers that he expects the investment climate to improve.“This doesn’t mean we won’t have an exit panel in the future, but right now it doesn’t make sense,” he said.

Cleantech companies continue to attract investment and expand capacity, he said, pointing to biofuel startup Ze-Gen, which raised $20 million last week, as an example.

“It’s not all bad stories – there also has been good news – and the good and bad news are probably in balance right now in this sector,” he said. “We’ve had more good news [in the last few years] than in most sectors, and so I think that seeing the bad news now makes you pause because you’re not used to it. There’s going to be both. We’re not immune.”

The economy and the transition to a new U.S. president are likely to be hot topics of discussion at the summit, which kicks off the evening of Barack Obama’s inauguration.

Image courtesy of konstriktion, under a Flickr Creative Commons license.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: Cruise Talks Autonomous Driving Tech, Regulations, & Auto Design

New Podcast: Battery Mineral Mining Policies & Regional Trends

Written By

-- With more than nine years of reporting experience, Jennifer Kho has been covering green technology since 2004, when she started the cleantech beat at Red Herring magazine. She wrote for Red Herring until 2007, when she helped launch the Greentech Media site as its founding editor. She left Greentech Media in November. Her stories have appeared in such publications as The Wall Street Journal, the Los Angeles Times, and TheStreet.com. She also regularly contributes to Earth2Tech.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

The economic fallout from COVID-19 took a serious toll on U.S. fossil fuel workers and communities. But well before the coronavirus pandemic arrived, the U.S....

Climate Change

Just this week, the Trump administration set a date to auction off the heart of these lands. This will not stand.

Climate Change

After decades of public denial, ExxonMobil now acknowledges that “the risk of climate change is real” and says it is “committed to being part of the...

Climate Change

First of all, before jumping into the matter of the Supreme Court, the important step on the ladder before the Supreme Court that no...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.