23 May '11, 12pm

Green Tech at Midyear: What’s Hot, What’s Not

We’re almost at the midpoint of 2011 and here are the leading surprises and trends so far this year: 1. We Accept Euros. European conglomerates have been on an extended shopping spree in the States. Total, the French oil and gas giant, has made a bid to buy 60 percent of SunPower , the high-efficiency solar manufacturer from California. Meanwhile, Switzerland’s ABB has spent over $5.2 billion on four U.S. companies in the past year and plunked money into startups like Ecotality and Power Assure. Other recent visitors from the old world include France’s Schneider Electric (which has purchased Lee Technologies and Summit Energy in recent months) and Saint-Gobain (an $80 million strategic investment in Sage Electrochromics). Last year, Areva, the nuclear power of France, bought solar thermal developer Ausra. Europe specializes in sprawling conglomerates with deep pockets and ...

Full article: http://www.greentechmedia.com/articles/read/green-tech-at...

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