Venture capitalists are looking at obscure start-ups in thermal solar energy, wave power, and algal biofuel.
Despite the sluggish economy, alternative-energy start-ups received a record $2 billion in venture capital funding in the second quarter of 2008, a 58 percent increase from a year earlier, according to Cleantech Group, a market research firm. Today, clean technology—which includes alternative energy producers—accounts for 20 percent of all venture capital funding, up from just 1 percent in 2001, says John Balbach, a Cleantech managing partner. “Silicon Valley is going through yet another transformation,” he says.
Link to original article
Here at Energy For Us All, we try to keep up to date with developments in the energy fields, with a special emphasis on understanding all the different energy disciplines, and especially on renewable energy sources.