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Summary:

Venture capitalists have said they expect there to be more money invested in cleantech in 2008 than even the $2.6 billion invested in the first three quarters of 2007. And we’ve only just put away our holiday decorations and already there’s news of two funds that […]

Venture capitalists have said they expect there to be more money invested in cleantech in 2008 than even the $2.6 billion invested in the first three quarters of 2007. And we’ve only just put away our holiday decorations and already there’s news of two funds that have raised money for cleantech and energy.

The first is Yellowstone Capital Partners, which announced a second, $50 million fund to invest in renewable energy companies. Yellowstone says it has invested much of its first fund into startups like solar concentrator company SolFocus and thin-film solar company Heliovolt (which we’ve written about here and here). The Houston-based private equity firm says it’ll mainly focus on early-stage investments in the energy technology segment of the cleantech industry.

Meanwhile, private equity firm Cadent Energy Partners’ has raised $231 million for a second fund to invest in companies in the energy industry, according to a regulatory filing picked up by PeHub.com. While the firm has some not-so-eco-sounding oil exploration companies and coal services companies in its portfolio, it has also invested in companies that build transmission lines, something alternative energy needs more of this year.

The firm says their average investment ranges from $25 million to $50 million; they typically invest in somewhat matures companies, preferably profitable ones with double-digit revenues. (Early-stage startups with a concept and no sales may want to avoid knocking down their door.) Cadent Energy is located in appropriately named Purchase, N.Y.

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  1. How to Index Your Cleantech Investments « Earth2Tech Friday, January 25, 2008

    [...] of the choices out there for retail investors, it’s comforting to know that as venture firms shove even more cash into clean technology companies, those of us with shallower pockets can join in, [...]

  2. Green energy is definitely the best solution in most cases. Technology like solar energy, wind power, fuel cells, zaps electric vehicles, EV hybrids, etc have come so far recently. Green energy even costs way less than oil and gas in many cases.

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