Feeds

VCs still pump dough into green tech, renewable energy

Q4 takes a bit of a haircut

Internet Security Threat Report 2014

The economic meltdown has put a damper on a lot of things, but it seems to have been less of a wet blanket for investors in startups in the green technology and renewable energy in 2008 - if you exclude the final quarter of the unusually dismal year.

According to a report called The Venture Power Report put out by Greentech Media, which is trying to position itself as the IDG/IDC of this niche but growing market, investors pumped some $2.5bn into various green/energy startups in the fourth quarter of 2008, down 13.8 per cent from the $2.9bn level set in 2007's fourth quarter. While the fourth quarter was a bit weaker - not surprising given the scarcity of cash as the stock market imploded and credit dried up throughout the summer and into the fall - there were still 115 deals that got done, by Greentech's reckoning.

Solar technology continues to lead the pack, with 29 VC deals comprising $1.34bn in investments, followed by 18 deals worth a total of $358.6m for technologies relating to ethanol, biofuels, and gasification of coal. (Cellulosic ethanol and algae got some big bucks, apparently.) Venture capital investment in wind technologies accounted for $218m, including five deals, and another $208.5m was spread across 11 deals involving smart grids, energy efficiency, and related areas.

Startups working on batteries and other energy storage technologies secured $101.6m in venture funding in Q4, in a total of 14 deals. For all the noise about green IT and green automobiles and transportation, these two areas only accounted for $37.3m and $29m in investments, respectively.

While the fourth quarter saw a notable dip in VC funding for green tech and renewable energy, 2008 was a record year, with 350 deals totaling $7.7bn in aggregate VC investments. That's more than double the investment (in dollars, not deals) than in 2007. While series A and angel funding was not as high as in recent years (only 30 of the 115 deals this time around), early stage financing is still happening.

One last thing: VC deal counts are separated by the VC giving out the dough, and obviously in some cases, multiple VCs participate in a funding round for a green tech firm. So the number of companies receiving funds is lower than the deal count shown above. ®

Internet Security Threat Report 2014

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
IBM storage revenues sink: 'We are disappointed,' says CEO
Time to put the storage biz up for sale?
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.