VC funds clean up

Investment in clean energy technology is attracting new venture capital money even as the traditional investors, electric utilities, are withdrawing. In the first of a two-part series, Catherine Lacoursière investigates the latest financing trends in this increasingly important market

Investment in clean energy technologies such as biomass, solar power, smart meters, fuel cells and advanced batteries – technologies that reduce pollutant emissions or improve energy efficiency – was once the domain of utility firms. But it is now attracting more and more venture capitalists.

In fact, as more traditional venture capital funds move into these 'cleantech' energy markets, the long-established investors in clean energy technologies – electric utilities – have been closing their

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