Monday, April 23, 2007

VC report | Green energy investment is booming | Seattle Times Newspaper

"Here's a case where green stands for money and the environment.
Venture capitalists pumped millions of dollars into alternative-energy companies during the first quarter, making the category one of the fastest-growing early-stage businesses, according to a quarterly venture-capital report released today by Dow Jones VentureOne and Ernst & Young.
The trend was especially evident in Washington state, where Seattle's Imperium Renewables raised $113 million in venture capital to complete a biodiesel refinery in Grays Harbor and begin work on three more.
That deal alone contributed to a blockbuster quarter for the state, which raised nearly $400 million in venture capital in the first quarter. At that level, Washington ranked as the third most active state in the country, behind California and Massachusetts."

No comments: