Menu

Daily News for the Geek Mind

US VC Investment in Cleantech reaches 1.14 Billion in Q1 of 2011

May 2 2011, 10:24am CDT | by , in News | Technology News

US VC Investment in Cleantech reaches 1.14 Billion in Q1 of 2011

This marks an increase of 54% compared to the year-ago-quarter.

The United States Venture Capitalists invest heavily into the future of energy. US venture capital investment in cleantech companies increased by 54% to $1.14 billion in Q1 2011 from $743.3 million in Q1 2010, despite a 13% decrease in deals year on year from 79 to 69, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource.

"The US cleantech market experienced continuing momentum –- both from a venture capital perspective and among the larger investment community.  The second generation of solar companies and larger, later stage rounds dominated VC investor interest in Q1," said Jay Spencer, Ernst & Young LLP's Americas Cleantech Director.  

The Energy / Electricity Generation segment, led by strong solar investments, raised $450.3 million through 16 deals in Q1 2011. The solar sub-segment accounted for 39% of the total dollars raised for the quarter with $362.7 million, a 162% gain from Q1 2010. Specifically, MiaSole (image credit), a Northern California manufacturer of copper indium gallium selenide thin-film photovoltaic solar panels, was the largest deal of the quarter. The company raised $106 million in a later-stage round of financing, 24% of total dollars in Q1 2011.

These numbers should raise awareness in the rest of the world that the United States is creating a future where they dominate the alternative energy technologies.

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Might Also Like

Now Watch

Read the Latest from I4U News

Apple buys German Metaio VR Company

Apple buys German Metaio VR Company

18 hours ago, 4:13am CDT

Mariah Carey Slams American Idol

Mariah Carey Calls American Idol Fake

18 hours ago, 4:07am CDT

Android Pay announced at Google I/O

Android Pay announced at Google I/O

1 day ago, 1:49pm CDT

Google Photos Launched

Google Photos Launched

1 day ago, 1:37pm CDT

Comments

blog comments powered by Disqus