05 Apr '11, 7pm

Powering up: Green tech investment surges #solar

The money's coming in for green tech. Photo: Moneyblognewz Some good news on the environmental front for a change: Global investment in green technology in the first quarter of the year spiked 52 percent compared to the previous quarter, to $2.57 billion. That's according to a report released Tuesday by the Cleantech Group, a San Francisco research and consulting firm. The increase represents a 13 percent jump over the first quarter of 2010, and indicates that investors' appetite for renewable energy, electric cars, and other green technologies continues to rebound from the recession. But the numbers aren't exactly good news for entrepreneurs toiling away in their garages on the next new thing. The first quarter results show that investors are focusing on existing portfolios rather than financing a lot of new startups. In fact, 93 percent of that $2.57 billion represented ...

Full article: http://www.grist.org/business-technology/2011-04-05-power...

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