Cleantech investment down sharply in 2nd quarter

Jul 18, 2012 By Dana Hull

In another sign of the turbulence affecting cleantech, global clean technology venture investment dropped to $1.6 billion in the second quarter, down 14 percent from the previous quarter and 25 percent from the $2.1 billion invested a year ago, according to the San Francisco-based Cleantech Group.

The group's preliminary report noted that the number of deals was 155, compared with 197 in the first quarter of this year. Many of those were for follow-on rounds of funding, a sign that early-stage startups may be having a harder time raising funding.

"Despite headwinds facing the sector and global economic instability, we continue to observe top tier funds such as Khosla Ventures, Kleiner Perkins, NEA, and others actively investing into cleantech," said Cleantech Group CEO Sheeraz Haji. "While some may be ducking 'cleantech' as a label in North America, growth in technologies addressing resource and challenges remains strong and both corporate and investor interest remains high."

Solar, transportation and continued to lead the sector based on the amount of money invested.

In North America, California led the way with $831 million in investments, followed by Massachusetts with $157 million, and Texas with $57 million.

There were nine IPOs in the quarter, but all of them took place in China. The largest IPO was for solar thermal water heater manufacturer Solareast, which made its debut on the Shanghai Stock Exchange. Oakland, Calif.-based BrightSource Energy withdrew its IPO this spring.

Explore further: How to harness the wind

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Huge drop in clean-tech venture funding

May 13, 2009

Investments in clean-tech startups plummeted in the first quarter of 2009 compared with recent quarters, according to a report issued this week by Ernst & Young.

Venture-cap investments rise in 1Q

Apr 15, 2011

(AP) -- Funding to U.S. startups climbed during the first three months of the year, with venture capitalists putting more money into fewer companies, according to a study scheduled to be released Friday. Despite the decline ...

Khosla Ventures raises 1 bln dlrs for green tech

Sep 02, 2009

Two new US venture capital funds have raised more that one billion dollars to help propel a green technology revolution, the company founded by influential investor Vinod Khosla said.

Venture capital investments up 19 percent in 4Q

Jan 20, 2012

(AP) -- Funding for startups rose 19 percent in the fourth quarter as venture capitalists fueled money into more companies in the Internet, clean technology and other sectors.

Recommended for you

How to harness the wind

Jan 30, 2015

With the abundance of wind in the Great North, one might think that harnessing it would be a breeze. But that isn't the case. Fortunately, a Ryerson researcher has found a way to address the major challenges ...

Running fuel cells on bacteria

Jan 30, 2015

Researchers in Norway have succeeded in getting bacteria to power a fuel cell. The "fuel" used is wastewater, and the products of the process are purified water droplets and electricity.

Virtual models to make cities greener

Jan 30, 2015

Making a city or district energy smart is, first and foremost, an exercise in good planning. However, such green planning tools are still in their infancy. The trouble is that every city is different, every ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.