Venture capitalists ready to throw money at green energy technology firms
What ideas are worth buying into? It’s buried down a bit in the text, but this San Francisco Chronicle article makes it clear that technology companies that have bold ideas for green juice are getting funding out of venture capitalists. The paper reports that 172 companies in the Bay Area received $1.9 billion in the first three months of 2006. Some of those new companies mentioned in the article include GreenFuel Technologies (which recycles smokestack emissions), Southwest Windpower (the world’s largest producer of small wind generators) and Seattle Biodiesel (producing biofuel in the Northwest). The Internet bubble burst, but green technologies are here to pick up the pieces.
[Source: San Francisco Chronicle]
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