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.

Tags:
Tech Culture
About the author

Martin LaMonica is a senior writer covering green tech and cutting-edge technologies. He joined CNET in 2002 to cover enterprise IT and Web development and was previously executive editor of IT publication InfoWorld.

 

Join the discussion

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Galleries from CNET
The 12 most distinctive phones of 2014 (pictures)
Best mobile games of 2014
Nissan gives new Murano bold style (pictures)
Top great space moments in 2014 (pictures)
This is it: The Audiophiliac's top in-ear headphones of 2014 (pictures)
ZTE's wallet-friendly Grand X (pictures)