Greenbang logo

Quiet year ahead for green VCs

By Trent on Wednesday, 19th December 2007

2008.jpg

While VCs are planning a quiet year for 2008 – spending $1bn less than last year. If that’s what you call a quiet year, Greenbang will be having a practically silent one. Anyway, needless to say, green tech is still on top of the spending agenda, according to a survey of VC types on accountability-central.com.

In the survey, respondents showed growing enthusiasm for clean technologies in 2008, with 80% saying they will increase investments in this sector.

In 2007, VCs invested about $2.5 billion in cleantech companies, or 9% of all funds invested. That percentage has risen steadily from 2% in 2003. Among the largest VC investments in 2007 was the $100 million pumped into GreatPoint Energy, a Massachusetts-based company that converts coal and biological material into natural gas.

The survey goes onto say that around a quarter of those polled reckoned they will spend up to 39 billion – almost as much as was spent during the bubble. Is green tech going to the next bubble since the internet boom? Greenbang would like to know your opinion. VC funds to the winner!

READERS COMMENTS - Have your say...




Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

Additional comments powered by BackType

RELATED NEWS

LATEST HEADLINES

Jurdy: Something’s brewing … thumbnail

Jurdy: Something’s brewing …

Jurdy supports clean energy by the pint …
You can’t get there from here: Fair, global carbon prices at risk? thumbnail

You can’t get there from here: Fair, global carbon prices at risk?

Ask most people who follow the clean energy and low-carbon technology markets, and
What’s the UK’s energy statement: ‘Boo-yah!’ or ‘Meh’? thumbnail

What’s the UK’s energy statement: ‘Boo-yah!’ or ‘Meh’?

When it comes to building a secure, low-carbon future for the UK, the
Ultimately, BP’s new CEO is lipstick on business as usual thumbnail

Ultimately, BP’s new CEO is lipstick on business as usual

As BP CEO Tony Hayward is transferred, Captain Stillman-style,
Five steps to keep your home energy efficient thumbnail

Five steps to keep your home energy efficient

Close to 90 per cent of home-buyers consider energy
A first: Italy to China … the green and driverless way thumbnail

A first: Italy to China … the green and driverless way

If it’s a sign of the times that electric-