Rebound in Clean Tech Investment Continues

Venture investments in clean technology continued to rebound in Q309, according to a report from market research firm The Cleantech Group and Deloitte, the financial services firm. Preliminary results for the quarter show $1.59 billion in venture investments in clean technology in North America, Europe, China and India involving 134 companies.

The clean tech sector suffered significant declines in venture investment in Q408 and Q109, mirroring the global economic downturn. The numbers were up in Q209 – and now up another 10 percent in Q3, eclipsing both biotech and IT, according to the report. The leading clean tech sector was solar.

The billions in government funding allocated to clean tech has emboldened private capital, suggested Cleantech Group Managing Director Dallas Kachan. “The two largest venture deals (Solyndra and Tesla Motors) and the largest IPO (A 123Systems) this quarter were all recipients of U.S. government funding,” Kachan noted.

Press release