Cleantech is certainly getting some mainstream attention these days. Here’s a story in the New York Times looking at how and why venture capitalists — as well as former dot-com investors and even the founders of Google — are being drawn to cleantech investments. The story tends to focus more on clean energy than on cleantech generally, but it’s another indication of the momentum building in this important area. It mentions that the U.S. states (such as California and Connecticut), and not the federal government, are leading the charge in terms of setting mandates for clean-energy supply.
“Not since the days of the Carter administration, when the federal government was more involved, have venture capitalists been this excited about alternative energy,” the story reads, though it points out that policy in the 1970s turned out to be a disaster.
“Today’s landscape is radically different from that of the late 1970s, of course. Years of experimentation in fuel cells and solar energy as well as breakthroughs in other fields, from nanotechnology to semiconductors, have been great boons to innovations in cleantech.”