A brighter future for the markets

From Treehugger

Cleantech Group reports that venture firms poured a full $2.6 billion into 158 clean tech companies globally during the third quarter of 2008. That’s a 37% increase from last year, and 17% increase over last quarter.

When the financial market seems to be crumbling around us, that shows some serious confidence in the future of clean tech.

So who is doing the investing and what areas of clean tech made out with the booty?

The primary contributers were Rockport Capital and Google, followed up by Advanced Technology, Kleiner Perkins Caulfield & Buyers, and Khosla Ventures.

Algae companies
, smart grid start-ups, and thin film firms were the big players. Not surprising considering they represent three key areas of new energy – getting off gas, monitoring and conserving energy, and cheaper solar power.

Cleantech Group says this will slow a bit in the coming quarter, though we’ve also heard form industry leaders that there is not a bubble about to burst. Just a possible slow down.

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