Clean tech VC money leaps in 2006

Venture capitalists poured $2.9 billion into clean technologies, including energy, in 2006, representing a 78 percent increase over the year before.

The Cleantech Venture Network on Thursday published investment data for 2006, reflecting a surge in investment in technologies related to energy generation, storage, recycling and waste, and transportation.

Energy-related investment was 74 percent, or $2.1 billion, of the total invested in 2006, almost double the amount put up by venture capitalists in 2005.

Recycling and waste deals totaled $192 million, almost three times the amount in 2005 and transportation was $164 million, up two and a half times 2005.

A recent survey done by the National Venture Capital Associations found that VCs intend to maintain investment levels in hot sectors, including energy and the Internet, in 2007.

Featured Video
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

iPhone 6S and 6S Plus: Should you upgrade?

After living with both phones for a week, these are the features that impressed us the most.

by Scott Stein