Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Cleantech Investing Hits Bottom and Stabilizes

At a cleantech panel about business opportunities running up to the 2012 Olympics in London, Dallas Kachan, managing director for the Cleantech Group, said that the second quarter “looks a lot like the first quarter” for cleantech investing so far.

In other words, it’s still down from last year, but deals are still happening and money is still available, he said. “The amount of investment is not continuing to plummet; it’s stable,” Kachan said. “Some might say we’ve reached bottom.”

It certainly seems like we’re hearing more deals this quarter, though nothing like the dealflow we were seeing for most of last year. Energy-management startups Tendril and AlertMe both raised money ($30 million and $13 million, respectively) this week, for instance, and Solazyme, which is developing algae-based fuel, raised $11.6 million. Earth2Tech’s Katie Fehrenbacher noted in April that she thought the stimulus was starting to warm cleantech funding.

New Energy Finance last week also said that second-quarter clean-energy investing was up by a third from the first quarter, indicating that “the worst is past.”

Image courtesy of glennharper via a Flickr Creative Commons license.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

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

You May Also Like

CleanTechnica

Investing in cleantech (and those who report it — us!) is crucial in the fight to save our planet from the ravages of climate...

Climate Change

The 2020 Summer Olympics kicked off in Tokyo on Friday and there are already signs the toughest part of the competition may just be...

Clean Transport

Toyota's dream of zero emissions vehicles powered by hydrogen and solid state batteries at the Summer Olympics has been a miserable failure.

Bicycles

Hope Bicycle Technology (HB.T) recently announced the launch of an all-new, high-speed pursuit weapon that, it hopes, will give UK cyclists a competitive edge...

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.