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Rise to PowerClean-tech and wind power both soaringPosted at 4:23 PM on 18 Jan 2008Investment in clean-tech companies rose 44 percent from 2005 to 2006, and jumped an additional 44 percent from 2006 to 2007, soaring to $5.18 billion, according to the Cleantech Group LLC. Last year in clean-tech, energy generation received $2.75 billion in investment, followed by energy storage ($471 million) and transportation ($445 million). And you know what that means: "More new car companies were financed in the last 12 months than probably in the last 50 or 60 years," says the Cleantech Group's John Balbach. Um ... great? In related news, U.S. wind power grew by 45 percent last year, boosted by federal and state energy policies and green-energy incentives. The American Wind Energy Association predicts that wind could provide 20 percent of U.S. power by 2020. Let it never be said that they don't have ambition.sources: Reuters, USA Today, The Wall Street Journal (access ain't free) |
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