Clean Tech Investments On The Upswing

In an analysis released earlier in July, the market intelligence firm Cleantech Group reported that global venture capital investment totaled $1.76 billion in the second quarter of 2013, up 56% from the previous quarter ($1.1 billion). North American investment was 71% of the total, worth $1.25 billion, an increase of 74% over 1Q13. California, Texas, and Massachusetts led other states in these deals. Europe and Israel saw decreased numbers for the second quarter, compared to earlier in the year, while Asia Pacific deal values increased dramatically from the first quarter's $65.4 million to $267.6 million, thanks largely to major transactions in China, involving efficient drivetrain components and solar technology.

By sector, the largest investments were in energy efficiency ($378 million), followed by biofuels & biochemicals...