Thursday, July 30, 2009
Colorado Firms Headline Clean Technology Report
Two Colorado firms led a resurgence in clean technology investments in Q2, according to a report released this week by Ernst & Young. According to an analysis of clean technology investments for the quarter, based on data from Dow Jones VentureSource, clean technology investments rose to $572M in 48 financing rounds in Q2, up 73% in terms of capital compared with Q1. Two Colorado firms helped drive the high investment numbers, with E&Y highlighting a $30M investment in Boulder-based smart grid firm Tendril, and a $40M investment in Englewood-based Gevo, a developer of biofuels. The lead categories within clean technology receive investment were Energy/Electricity Generation, with $157M in investments, and Energy Efficiency, with $152M in funding.