Wednesday, April 26, 2006

VC firms bet on clean energy deals - Apr. 26, 2006

Want to see a good side of higher energy prices? Here you go:

VC firms bet on clean energy deals - Apr. 26, 2006:
"Venture capital investors are flocking to clean energy technologies, a market expected to grow to $167 billion worldwide in the next decade, but some in the sector worry about too much money chasing too few deals.

Venture capitalists have been pumping increasing amounts of money into so-called clean energy technologies, ranging from solar power to alternative fuels and battery solutions. Venture capital funds invested $917 million in U.S.-based firms in the sector last year, up 22 percent from the previous year, according to Nth Power, a venture capital fund that focuses on energy technologies."

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