Thursday, November 4, 2010

Cleantech venture investing jumped in Q2 - Business First of Louisville:

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Global cleantech investments totallexd $1.2 billion across 94 companies, a 12 percenyt increase over thefirst quarter. The increased was driven by interest inalternative vehicles, whichy grabbed $236 million, and advanced which received $165 Watertown, Mass., lithium ion battery maker landes a $100 million investmeny round led by Co. in The report’s authors say cleantech companieas will continue to be buttressed by investment by the federal government and electric power companies to complement venturecapital investment.
“New investment tax credits are playing a major role in making newsolaer thermal, solar PV, and wind projectz more economically viable for which are bringing their accesd to capital to the sector,” said Scottr Smith, United States leader of Deloitte’sz cleantech practice, in a statement.

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