Friday, January 16, 2009

Venture capitalists funding hits $2.6 billion

Venture capitalists spent 46% more on cleantech in the first three quarters than during all last year. Solar energy companies got the most money, accounting for $664.6 million.

And most of the U.S. venture money -- $1.7 billion -- went to U.S. companies, followed by companies in the Netherlands, Brazil and China. Within the United States, California companies raised the most, with $725.2 million in 68 deals, while Massachusetts companies followed, with $292.6 million in 11 deals.



At 8:49 AM, Blogger BeyondGreen said...

We need to be doing everything in our power to reduce our dependence on foreign oil.The high cost of gas this past year has seriously destroyed every budget from the average family to the largest of municipalities.The average family went broke at the pump alone, then added to the misery the higher cost of manufacturing and shipping was passed on to us at the checkout for every consumer product. School districts went broke keeping the busses on the road.One police dept in my area required officers to park their car for 15 minutes of every hour just to conserve .Lower prices are not here to stay.OPEC just announced another production cut.With all these bailouts in the billions why doesn't our nation see the need to bail us out of our dependence on foreign oil? I just read a really interesting new book called The Manhattan Project of 2009 Energy Independence Now by Jeff Wilson.I never realized it would only cost the equivalent of 60 cents per gallon to charge and drive an electric car. Also,The electricity to charge the car could come from solar or wind generated electricity. If all gasoline cars, trucks, and suv’s instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota.What powerful resources we have been neglected. The last economic stimulus package cost 168 BILLION and did absolutely nothing to stimulate our economy or create jobs.
Bail America out of its dependence on foreign oil. Wouldn't that make more sense? I bought my book on , he has a web page that tells you more about the book as well


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