The numbers keep coming. According to a report issued last week by IDC's Energy Insights:
Venture capital (VC) investment in the energy industry through 3Q06 was triple the level of investment in all of 2005, making the energy sector the third-largest VC investment category after biotech and software. Leading VC firms from outside the energy sector are starting to make significant investments in "clean tech."
This echos the December report from the well-regarded VentureOne/Ernst & Young team, which found that "$761.4million has been invested in clean technology on a worldwide basis so far this year, up 50% from $504.1million invested after the first three quarters of 2005."
In the U.S. alone, according to this report, $585.6 million was invested in 60 companies focused on clean tech through Q3 2006, 30% more than was invested in all of 2005.
The Energy Insights report says "Climate change concerns top the list as the key prediction to watch for 2007..."
No surprises there.
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