Dec. 24, 2007: DOE Creates Clean Energy Commercialization Fund
The DOE emphasis on commercialization comes at a good time, as U.S. venture capital investments in the “CleanTech” sector reached a record high for the first three quarters of 2007. According to data from Thomson Financial and the National Venture Capital Association (NVCA), 158 deals resulted in $2.6 billion invested in CleanTech, which includes clean energy as well as other environmental products. Solar energy garnered the lion’s share of the investments, with 35 deals worth a total of $664.6 million, while the relatively mature wind power industry drew only four deals worth $62.9 million. One of the largest single venture capital deals was a $77 million investment in Heliovolt Corporation, a maker of thin-film solar cells.
Publication date: 12/24/2007