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Kim Du Toit
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Truth on the Market
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Wednesday, April 26, 2006VC Firms Bet on Clean Energy Deals
Good news...fuel prices have skyrocketed!
While politicians fetter over what form of market manipulation is the best tool in lowering fuel prices, the private sector is already moving fast towards a long-term resolution.
From CNNMoney.com, via Finance Professor:
"Venture capital investors are flocking to clean energy technologies, a market expected to grow to $167 billion worldwide in the next decade, but some in the sector worry about too much money chasing too few deals.
Venture capitalists have been pumping increasing amounts of money into so-called clean energy technologies, ranging from solar power to alternative fuels and battery solutions. Venture capital funds invested $917 million in U.S.-based firms in the sector last year, up 22 percent from the previous year, according to Nth Power, a venture capital fund that focuses on energy technologies."
This month's Business 2.0 (sorry, can't find the link) has a great article on Silicon Valley start-ups that are poised to revolutionize the auto industry through the developement of electric engine technology. The end result of which will probably be an early buyout and technological integration from Detriot.
I expect rapid advancement in energy technology to come very soon rather than later. Of course expect much noise from Washington in the interim.