Cleantech Venture Capital Could be Tops in 5 Years
Good news for the cleantech world: The National Venture Capital Association says that Cleantech could be the top market for venture investment within the next five years. That, combined with the billions being invested in feed-in tariffs (FITs), tax breaks like the ITC and PTC, and other incentives could make cleantech a top employer in the US in the very near future.
It is really a no brainer since the technologies in development, from solar and wind, to biofuels and deslination, solve a large number of global economic, geopolitical and environmental problems. Beyond just energy generation and creating potable drinking water, there will be billions in investments in smart grid, energy monitoring and management, and batteries.
We’re big believers that the current economic environment has simply delayed the inevitable and that cleantech will be a New Deal-type growth engine for the US in the decades to come. We’ll be reporting back from Wind Power in Chicago later this month where it will be interesting to see what the mood is of some of the companies involved in the event. If you’re planning to attend, drop us a line.
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