| It Only Took $1B to Get Ready for the Solar Boom |
| Written by Hank Green | |
| Wednesday, 30 January 2008 | |
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And that's what we're seeing with solar. In 2005, venture capitalists invested a bit more than $100 M in solar start-ups. Two years later...last year, that investment didn't double or triple or quadruple...in fact, it's silly to think of it as a multiple at all. As with all good booms, it's been exponential, increasing to over $1 billion. In a ($600) report published by Greentech Media, these trends are outlined in some detail. Over 60 new companies have been invested in and the report estimates that the exponential growth will continue with $2.5 B invested in 2008. They also expect a "wave of consolidation" in which panel manufacturers will join up with materials providers and solar services (i.e., installation) companies. You can read other key points in their executive summary (though you must hand over your e-mail address to get it). Comments
(4)
Solar Cash
written by Yianni Garcia , January 31, 2008
I must be in the wrong business. I love the sun and I love cash and it looks like in 2007 these two things go hand in hand.
Exciting
written by Shayne , January 31, 2008
It's almost surreal to see the world starting to really get behind solar. I'm with a company that is starting a solar company, and the excitement that solar generates is starting to get even myself a little hyped up.
That graph really makes the point, however. What a jump! I hope the economic slowdown we're seeing won't hamper that growth too much. What solar needs now is not the money or ideas, but the drivers who push these confluent forces to work and work hard.
Program to generate interest in your's c
written by Mike Carrieri , July 24, 2008
I have an environmental education program that is a platform for addressing groups of the general public. The program reverses the carbon footprint of personal water bottles, and utilizes them to grow new plants. I would like to present this as an add-on to any future "green" events you may be involved in. Thank you for your time and consideration.
Sincerely, Mike This email address is being protected from spam bots, you need Javascript enabled to view it 408 476-3750 | |
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Science, technology gadgets and...baby seals. We're in a bit of an eco-mess, but we've got the brains to lick any problem. And that's why EcoGeek.org publishes up to ten stories daily about innovations that are saving the planet.
And if that sounds interesting to you, then congratulations, you're an EcoGeek.
How do you know when an industry is about to take off? Well, the first stages are seen through the eyes of those professional foreseers, distributers of wealth, and rich folks getting richer venture capitalists.
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