This is the type of shift in green energy investment that we’ve been hoping for, and expecting.

Rise In 2Q Cleantech Investment Bodes Well For 3Q

Source: Wall Street Journal

By Mara Lemos-Stein

After an anemic first quarter, venture capital investments in clean technology rose 73% in the second quarter to a total of $572.1 million, suggesting there is momentum for an industry expected to gain steam from government stimulus funding.

The number of deals in the quarter doubled from the first quarter to 48, according to data from Dow Jones VentureSource, which like VentureWire and The Wall Street Journal is owned by Dow Jones & Co. The latest figures are still below the $1.41 billion spread across 57 deals in last year’s second quarter. (See chart at the bottom.)

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