Cleantech/greentech investing hit record in 2006

North American venture capital investment in cleantech/greentech totaled a record $2.9 billion for 2006, the Cleantech Venture Network said today. 

This represents a 78% increase over 2005 cleantech investment of $1.6 billion, and a 140% increase over 2004 investment of $1.2 billion, the group said.

About $613 million was invested in cleantech in Q4 2006, a 22% increase over the Q4 2005 investment of $502 million. The fourth quarter 2006 was down from the record invested in Q3 2006 of $933 million.

Energy-related investment accounted for $2.1 billion, or 74%, of the total 2006 cleantech venture investment. This represented a 1.9x increase over the $739 million invested in the energy category in 2005 and a 2.9x increase over 2004 energy investment. The Energy Generation segment totaled $1.3 billion, a 2.1x increase from 2005. Energy Storage attracted $354 million, representing a 2x increase over 2005.

“While energy was certainly the top area of interest, some other categories posted good gains as well,” said Nicholas Parker, chairman and co-founder of the Cleantech Venture Network. Recycling & Waste deals totaled $192 million, a 2.9x increase over 2005, and Transportation investments hit $164 million, up 2.5x over 2005, indicating growing interest in other cleantech segments.

The Cleantech Venture Network is a membership group that catalyzes investment, business opportunities and relationships driving the growth of cleantech globally. It has over 7,000 cleantech investors and 7,700 companies worldwide.

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