Clean Energy Has Investors Seeing Green

Fuel cells, photovoltaics and wind turbines are drawing increased attention from venture capitalists, according to joint research gathered by two San Francisco organizations. While overall venture capital investing declined between 2002 and 2003, the portion targeting renewable-energy technology has increased, drawing 2.

06/01/2004


Fuel cells, photovoltaics and wind turbines are drawing increased attention from venture capitalists, according to joint research gathered by two San Francisco organizations. While overall venture capital investing declined between 2002 and 2003, the portion targeting renewable-energy technology has increased, drawing 2.4% of U.S. private-equity investments in 2003, as compared to 2.1% in 2002.

In dollar figures, 2003 renewable-energy venture-capital investments totaled $526 million, with $428 million of that occurring in the United States, according to Clean Edge, an energy consulting company, and Nth Power Technologies, an energy-investment firm.

Nth Power says it has approximately $250 million invested in 22 companies. Though not all of these companies are involved in renewable technologies, several are developing hydrogen fuel cells. According to a recent Miami Herald article, Nth Technology's investments return an average of 15% annually, matching standard venture capital results.

Examples of recent investment efforts include a major commitment from the California Public Employees Retirement System, the nation's largest pension fund, which announced in March that it will be investing $200 million in clean technology over the next several years. Smaller programs include $2 million invested by Denver-based Altira Group in a home-scale wind turbine being developed by Southwest Windpower in Flagstaff, Ariz.





No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Combined heat and power; Assessing replacement of electrical systems; Energy codes and lighting; Salary Survey; Fan efficiency
Commissioning lighting control systems; 2016 Commissioning Giants; Design high-efficiency hot water systems for hospitals; Evaluating condensation and condensate
Solving HVAC challenges; Thermal comfort criteria; Liquid-immersion cooling; Specifying VRF systems; 2016 Product of the Year winners
Driving motor efficiency; Preventing Arc Flash in mission critical facilities; Integrating alternative power and existing electrical systems
Putting COPS into context; Designing medium-voltage electrical systems; Planning and designing resilient, efficient data centers; The nine steps of designing generator fuel systems
Designing generator systems; Using online commissioning tools; Selective coordination best practices
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.
click me