Green tech growth

This post is brought to you by  Curt Rosengren ~ Passion Catalyst TM   "Love your work. Change your world."

More news on the greentech-is-the-new-dotcom front. RenewablesOffshore points to an article spotlighting the continued growth of green tech.

Green tech companies develop new energy sources, devise ways to use existing resources more efficiently, or design products that help the environment. High oil prices and concern over global warming have fueled their rise. 

Many green technologies so far exist only in the lab. But investors are betting that green companies will one day make serious money. Venture capitalists pumped an estimated $3 billion into the industry nationwide last year. More than 20 percent of that cash went to the Bay Area, the No. 1 destination. Other high-tech hubs such as Austin, Texas, and the Boston suburbs snagged much of the rest.

Even better, that represents a massive growth in the investment going into green technologies:

The Cleantech Venture Network tracked $2.9 billion invested within North America during 2006, a 78 percent increase over the previous year. Ernst & Young, which defines the field more narrowly, counted $884 million invested in the United States last year, up 80 percent from $491 million in 2005.

--

Comments

[Alternative Energy]

The other day I stumbled across www.energylord.com and had to bookmark it. Very extensive and informative alternative energy resource.

[energy efficiency]

In Germany we also see a 'green' revolution going on, with windpower installations increasing with over 26% in 2006.

[don bartell]

Hi, check this site also. They have a free course on how to build your own wind turbine for your home. A great deal to have...

http://www.windpowercost.org/