Posts Tagged ‘clean technology’
Is clean tech the next bubble?
The past decade saw investors do a tap dance to the tune of Boom and Bust. First there was the dot-com bubble and the slew of other technological breakthroughs that came with it. Then we witnessed the supposedly invincible housing market complete a jaw-dropping boom-bust cycle. The young 21st century even delivered a notable financial bubble, as well as its inevitable bust.
Sidling along in the background were the seedlings of an industry on the verge of taking flight — alternative-energy technology.
Despite a drop in the overall volume of venture-capital deals last year, investments in clean-technology companies totalled US$8.4-billion, up nearly 40% from 2007, says a 2008 report by Cleantech Group, a San Francisco-based trade organization. In the third quarter of 2008 alone, venture capitalists poured US$2.65-billion into clean technology, a quarterly record. In the fourth quarter, they invested US$1.7-billion.
