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Tagged : southern-california

2009 venture capital investments in cleantech fall 50 percent

February 9th, 2010


The energy/electricity generation category garnered $118.5 million in Q409.

From Green Right Now Reports

U.S. venture capital investment in cleantech companies in Q4 2009 decreased 45 percent to $564.5 million compared to the prior quarter, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource.  The research found that more VC dollars are flowing into the energy efficiency category.

Ernst & Young said the San Francisco Bay Area was the leading region for cleantech investment in 2009, with $1.2 billion invested for the year and $295.6 million in Q4. Southern California came in second place with annual investment of $329.5 million and Q4 investment of $30.5 million. New England was the third-largest regional cleantech center with $283.7 million for the year and $38.0 for Q4.

The number of deals increased 21 percent to 62, according to the report. But investment in 2009 totaled $2.6 billion in 193 financings rounds, a decline of 50 percent in dollars and 16 percent in the number of deals compared to the record investment levels of 2008.

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Palm Desert, Calif., sizzling green

September 8th, 2009

By Barbara Kessler
Green Right Now

Considering how the desert challenges our green aspirations, it’s surprising there’s not already a reality show: Extreme Green — Finding eco-friendly solutions where the sun always shines.

OK, so the title could use some work. The facts remain – the desert is great for producing heat and making solar power. But when it comes to human habitation, it’s an air conditioning-dependent, rugged place.

They understand that in Palm Desert, a small city in Southern California’s desert Coachella Valley. Palm Desert, in fact, would make a good candidate for the Extreme Green pilot show.

“Palm Desert has a long history of interest in the environment both in energy conservation and saving water and respect for the environment,” said Lauri Aylaian, director of community development for the resort city of 50,000.

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