Canadian cleantech news roundup: Stormfisher, AAER, Arise, 5N and Railpower
Tuesday, October 7th, 2008
Lots of news to report from the Great White North, where we’ve got a great stable of cleantech companies — even if they are generally underappreciated and underfunded. Speaking of underfunded, I’d just like to highlight that Canadian cleantech companies raised just $49 million (U.S.) in the third quarter. For perspective, U.S. companies raised $1.75 billion. If we apply the standard 10x calculation to figure out where Canada should be, we would have raised $175 million. We’re not even close. That said, California took a lion’s share of U.S. funding — $1.1 billion. That means the rest of the U.S. raised $650 million, putting Canada’s share in the ballpark. Clearly, California is skewing the results and eating everyone else’s lunch. But I digress.
Here’s what’s going on in Canada: (more…)
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca