Blog

Today in Cleantech

More bad news on the greentech venture capital investing front this morning. Ernst & Young says U.S. VCs put only $575.6 million into greentech startups in the third quarter, less than half the amount invested in the same quarter last year. That’s a steeper decline than that the Cleantech Group gave for global green VC investing in the third quarter, and highlights the shift in greentech investment from the U.S. to China, as well as the hit California investment is taking under the threat of a ballot initiative that could reverse its landmark greenhouse gas reduction law. A few bright spots — U.S. energy efficiency startups grabbed the most gains with $161.7 million invested, and corporate venture investments rose to 23 percent of the total, up from 17 percent last year.