US venture capitalists target green energy investments

June 10 - GulfNews.com - San Francisco: US venture capitalists are targeting green energy investments in high-tech insulation, powerful light-weight batteries and other cutting-edge niches beyond headline grabbers such as solar power and biofuels.

Venture capital executives gathered at a clean technology investment conference in San Francisco this week said they are backing energy-efficiency projects in sectors such as offshore oil and gas, military and aerospace, television broadcasting, emergency response, and in-home power generation.

In the first quarter, venture capitalists invested $264 million in US clean technology such as alternative energy, pollution and recycling, power supplies and conservation, according to a MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. It was based on data from Thomson Financial. Read More.