Morgan Stanley Takes Stake in Cleantech Firm NGEN

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Investment bank Morgan Stanley apparently doesn’t just see profits in solar technology installations or electric vehicle infrastructure startups; the firm has also decided to take a minority stake in cleantech venture firm NGEN Partners. Morgan Stanley calls its investment “the first by a major Wall Street firm in a clean technology venture firm.”

NGEN was established in 2001; its portfolio includes solar companies like SolFocus, Konarka, Solaria and Tioga Energy; electric vehicles startup Venture Vehicles; carbon capture company Powerspan; and green concrete maker Hycrete. We interviewed NGEN partner Robert Koch last October and learned more the company’s interest in materials and next-generation solar.

Morgan Stanley has estimated that the entire global market capitalization for renewable energy is $170 billion. In an effort to capture some of it, the company has a variety of clean energy investments, such as the Morgan Stanley Carbon Bank and a $190 million-commitment to SunPower’s solar installations. As for its own environmental efforts, Morgan Stanley is trying to go carbon neutral this year by purchasing carbon offsets.

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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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