Friday, November 4, 2011

U.S. green tech investments over $1 bil for Q3

Venture capital investments in U.S. green technology firms shot up 73 percent to reach $1.1 billion in the third quarter of this year, according to an analysis released by Ernst & Young based on data from Dow Jones VentureSource.

On a consecutive quarter basis, dollars invested in Q3 2011 is 4 percent higher than Q2 2011, the report said.

“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,” said Jay Spencer, Ernst & Young LLP’s Americas Cleantech director in a statement.

 

 

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