Global Corporations Plan to Increase Cleantech Investments
Venture capital investing recently rose to the second highest quarterly figure ever for the industry. According to a new report out from Ernst & Young, three quarters of corporate investors surveyed said they plan to increase their budgets for cleantech investments between 2012 and 2014.
Specifically 44% of the corporate investors surveyed said they plan to spend over $50 million on cleantech, and 12 percent said they plan to spend over $250 million on cleantech during that time. These are the types of companies that are international and have revenues of $1 billion or more, and are active in cleantech investing.
Forty percent of the corporate investors surveyed said they plan to spend their cleantech-targeted funds on research and development for cleantech products, while 20 percent of those surveyed said that they plan to increase cleantech investment in order to directly increase revenue. The report says that companies invested in energy efficiency technologies during the down turn to save money, but then those efficiencies have now turned into a competitive advantage.
Acquisitions are also high on corporate investors minds. The Ernst & Young report says that almost three quarters of respondents have acquired a cleantech company or plan to consider acquiring a cleantech company in the future.
- Corporate Cleantech Investors Gearing Up, Too (nytimes.com)
- Most companies plan to ramp up strategic cleantech investments (venturebeat.com)
- CORRECTED-OFFICIAL-Cleantech venture funding hits $2.57 bln (reuters.com)
- Late-stage investments dominate cleantech sector in Q1 (venturebeat.com)
- CORRECTED – Cleantech venture funding hits $2.57 bln in qtr (reuters.com)
- Insights into the Philly Cleantech Market, Investing, and Best Industry Blogs (thegreenskeptic.com)
- CORRECTED-UPDATE 1-Cleantech venture funding hits $2.57 bln (reuters.com)
- UPDATE 1-Cleantech venture funding hits $2.57 bln in qtr (reuters.com)
- A 2011 Tool Kit for Savvy Cleantech Investors (xconomy.com)
- US Venture Capital Investment in Cleantech Grows to Nearly $4 Billion in 2010, an 8% Increase From 2009 (prnewswire.com)