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Green tech investment surges http://apocadocs.com/s.pl?1278076555
Global venture capital investment in green technology companies reached $4.04 billion in the first half of 2010, exceeding -- slightly -- the record set in the boom year of 2008, according to a preliminary report released Thursday by the Cleantech Group and Deloitte.
Venture investment in the second quarter rose to $2.02 billion, up 43 percent from the year-ago quarter. Investments in the first half of the year spiked 65 percent from the same period in 2009.
"There's been a very clear resurgence in solar activity and that is largely responsible for the strong quarter," Richard Youngman, the Cleantech Group's head of global research, said on a conference call Thursday.... Despite the recession, corporate America poured a record $5.1 billion into green tech companies in the first half of 2010, a 325 percent increase from a year ago.
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'Doc Jim says:
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If it's not green, isn't it, well, rotting?
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