Overall 2011 was a good year for cleantech in the US and the numbers indicate a positive trend that may carry over in 2012. In 2011 we saw increased investment in green technology compared to 2010 and there was also a positive trend as the year progressed.
Ernst & Young reports that US venture capital (VC) investment in cleantech companies increased by 73% to $1.1 billion in Q3 2011 compared to Q3 2010, while deals also increased by 36% to 76, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. On a consecutive quarter basis, dollars invested in Q3 2011 is 4% above the amount in Q2 2011.
These numbers led Jay Spencer, Ernst & Young LLP’s Americas Cleantech Director to say, “Confidence in cleantech investing continues despite the challenging investment market. We saw significant commitments in energy storage, which reflects a growing corporate focus on proactively managing their energy mix.”
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