Venture Capital Investment in Renewable Energy Soars to $3.4 Billion in 2007

According to newly released data from Greentech Media, Inc.,
venture capital investment in renewable energy reached an
unprecedented level of $3.4 Billion in 2007. Investment in solar power led the VC charge with more than $1.05 Billion invested in more than 70 VC financing rounds. Also winning record amounts of renewable energy funding was investment in battery technology at $433.9 Million and in the energy efficiency/smart grid sector at $419.1 Million. Venture firms continue to invest in biofuels such as cellulosic ethanol and biodiesel, with more than $750 Million directed towards these new feedstocks and technologies.

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July 1, 2010 at 12:25 PM

Its great to know that investment in solar power led the VC charge, its very good and thanks for this informative post.