Global Clean Technology Venture Investment Cools in 2Q 2012

Transportation, Energy Efficiency, Biofuels, and Water show continued strong support

SAN FRANCISCO – July 10, 2012Cleantech Group™, a global market intelligence firm helping executives connect with cleantech innovation, today released preliminary 2Q 2012 results from its i3 research platform. The firm reported that worldwide clean technology venture investment in the quarter totaled $1.61 billion.

Measured by dollars invested, cleantech venture investment fell 14 percent compared to the previous quarter ($1.88 billion) and was off 25 percent from 2Q11 ($2.15 billion). The number of deals recorded in 2Q12 was 155, compared to 197 in 1Q12. The tally may rise again once all investors have reported all deals. Of these deals, 59 percent (92) were Series B or later rounds, accounting for 90 percent ($1.59 billion) of all money invested during the quarter.

“Despite headwinds facing the sector and global economic instability, we continue to observe top tier funds such as Khosla Ventures, Kleiner Perkins, NEA, and others actively investing into cleantech,” said Cleantech Group CEO Sheeraz Haji. “While some may be ducking ‘cleantech’ as a label in North America, growth in technologies addressing resource and energy challenges remains strong and both corporate and investor interest remains high.”
VENTURE INVESTMENT BY TECHNOLOGY SECTOR
The leading sector in the quarter by amount invested was solar ($253 million), followed by transportation ($252 million) and energy efficiency ($243 million). Energy efficiency and solar were the most popular sector measured by number of deals, with 35 and 22 funding rounds respectively. Water, 17 deals totaling $135 million, and biofuels, 14 deals totaling $229 million, also had strong showings for the quarter.

The largest transactions in the top three sectors were:

SOLAR – $253 million in 22 deals

  • SunRun, a California-based developer of solar systems that engage customers through PPAs to eliminate the cost barrier to residential solar adoption, raised $60 million from Sequoia Capital, Accel Partners and others.
  • NanoSolar, a California-based developer of CIGS thin-film photovoltaic solar cells and flexible modules using nano-ink printing technology, raised $50 million from Mohr Davidow, Arsenal Venture Partners and others, bringing the total of its latest round to $70 million.
  • SolarBridge Technologies, a Texas-based developer of module-integrated microinverter solutions for solar photovoltaics, raised $25 million in a Series D financing round led by Shea Ventures.

TRANSPORTATION – $252 million in 10 deals

  • Fisker Automotive, a California-based manufacturer of luxury electric cars, raised $129 million from New Enterprise Associates, Kleiner Perkins Caufield & Byers and others as part of its $500 million Series D round.
  • Coulomb Technologies, a provider of electric vehicle charging stations and infrastructure, raised $47.5 million from Braemar Energy Ventures, Kleiner Perkins Caufield & Byers and others in a Series D financing round.
  • SmartDrive Systems, a California-based provider of solutions for fleet managers to improve driver safety and improve vehicle efficiency, raised $47 million from New Enterprise Associates, Oak Investment Partners and others.

ENERGY EFFICIENCY – $242 million in 35 deals

  • Soladigm, a California-based developer of energy-efficient glass technologies for buildings, raised $55 million from Khosla Ventures, DBL Investors and others in a Series D round of financing.
  • SunSun Lighting, a China-based manufacturer of LED lighting products, raised $30 million from GSR Ventures and Oak Investment Partners in a Series B round of financing.
  • TerraLUX, a Colorado-based developer and manufacturer of LED based lighting subsystems, raised $18.3 million from Emerald Technology Ventures, Generation Investment Management and others in a Series B round of financing.

 

VENTURE INVESTMENT BY WORLD REGION

North America accounted for 81 percent of the total, while Europe and Israel accounted for 15 percent and Asia Pacific for 4 percent.

NORTH AMERICA: North American companies raised $1.31 billion, down 8 percent from 1Q12 and 13 percent from 2Q11.

In North America, California led the way with $831 million in investments (65 percent share), followed by Massachusetts ($157 million, 12 percent) and Texas (57 million, 4 percent). The largest deals included CA-based Sapphire Energy ($144 million), CA-based Fisker Automotive ($129 million) and MA-based Harvest Power ($112 million).

EUROPE & ISRAEL: European and Israeli companies raised $237 million, down 35 percent from 1Q12 and 46 percent from 2Q11. There were 40 deals, declining from 53 in 1Q12. The largest deals were for Finland-based Beneq ($32.8 million), UK-based Isentropic ($22 million) and Norway-based Kebony ($19 million).

ASIA PACIFIC: Asian companies raised $63 million in 10 disclosed rounds in 2Q12. Notable deals were for China-based SunSun Lighting ($30 million), China-based Aegis Petro ($9.4 million) and India-based RenewGEN ($9 million).

 

GLOBAL M&As AND IPOs
M&A transactions involving clean technology totaled 51 transactions in 2Q12, of which totals were disclosed for 12 transactions totaling $13.5 billion. In 13 of the 51 transactions, the targets were VCPE-backed companies. Notable transactions for VCPE-backed cleantech companies were Cabot’s $1.1-billion acquisition of Norit Holding (backed by Doughty Hanson and Gilde Investment Management), a producer of activated carbon and related services for water treatment and purification applications, and Silicon Lab’s $72-million acquisition of Ember (backed by Chevron Technology Ventures, DFJ New England and others), a developer of wireless mesh-networking chipsets for communications between devices such as utility meters and thermostats. Other notable M&A transactions in the cleantech space included Eaton Corporation’s $11.8-billion acquisition of Cooper Industries, a manufacturer of electrical products for electricity distribution and control, and Monsanto’s $210-million acquisition of Precision Planting, a Provider of precision agriculture products and solutions.

There were 9 clean technology IPOs raising a total of $1.79 billion during the quarter, all of which took place in China. The largest IPOs were for Solareast, a developer and manufacturer of solar thermal water heaters, which raised RMB 2.15 billion in an IPO on the Shanghai Stock Exchange, and Huadian Fuxin Energy, the clean energy subsidiary of state-owned Huadian Corporation, which raised HK$ 2.5 billion on the Hong Kong Stock Exchange. In North America, three venture-backed cleantech companies withdrew their IPO plans due to unfavorable market conditions: BrightSource Energy, Enerkem and Luca Technologies.

 

TOP GLOBAL VC INVESTORS

2Q12 Most Active Cleantech Venture Investors

Venture Capital Firm # of rounds  Companies
Draper Fisher Jurvetson(and DFJ Global Network) 7 EdeniQIllumitexPentalum TechnologiesRolithd.light designWaterSmart SoftwareArrayPower
Kleiner Perkins Caufield & Byers 6 Fisker AutomotiveHarvest PowerCoulomb TechnologiesEdeniQSolexelGen110
Khosla Ventures 5 NanoH2OSoladigmThe Climate CorporationSolum (USA)Liquid Metal Battery
New Enterprise Associates 5 Fisker AutomotiveThe Climate CorporationSmartDrive SystemsSolFocusIllumitex
VantagePoint Capital Partners 4 Ostara Nutrient Recovery TechnologiesTendrilAdura TechnologiesCobalt Technologies

Source: Cleantech Group’s i3 Platform

About Cleantech Group, LLC

Cleantech Group’s market intelligence, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation.  A global company with offices in North America and Europe, we connect business leaders with cleantech innovation through the i3 Platform, the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem.  Cleantech Group also produces the premier Cleantech Forum® and Focus™ events worldwide.  Details at http://www.cleantech.com.

 
CONTACT:
Whitney Bennett Michael
Cleantech Group
T 415 233-9711
media-services@cleantech.com
WEBSITE:
http://www.cleantech.com

 

Nominations Are Now Open for the 4th Annual Global Cleantech 100 List of the Top Private Innovators in Clean Technology

100 Most Promising Companies to be Revealed at the Global Cleantech Summit and Gala in October

MUNICH–(BUSINESS WIRE)–Cleantech Group, creators of the i3 market intelligence platform and producers of the worldwide Cleantech Forums, today announced at Cleantech Forum Europe that nominations for the fourth annual Global Cleantech 100 list are now open.

The list recognizes the 100 most promising and innovative companies in areas such as renewable energy, energy efficiency, water and waste, and low carbon transportation. The Global Cleantech 100 program is produced in collaboration with the UK’s Guardian News and Media.

“Observing through the international nominations process how viewpoints and sentiment in cleantech is evolving year on year goes to the core of what the Global Cleantech 100 really is – a barometer on global cleantech innovation,” said Richard Youngman, Cleantech Group’s Managing Director, Europe & Asia. “Each year brings new companies forward, and an ever growing pool of people providing their input; I am excited to see what our 4th Global Cleantech 100 brings.”

The 2012 Global Cleantech 100 list will be revealed at the Global Cleantech 100 Summit & Gala in Washington DC, October 1-2, 2012.

“This year’s Global Cleantech 100 Summit & Gala is shaping up to be an inspiring event,” said Sheeraz Haji, Cleantech Group CEO. “This is a unique opportunity to join a select group of leading entrepreneurs, corporations, government leaders and top investors as we honor this year’s achievements in cleantech”

To nominate a company for the 2012 Global Cleantech 100 visit http://www.cleantech.com/global100. Registration for the Global Cleantech 100 Summit & Gala will open in May.

Cleantech Group

Cleantech Group’s market intelligence, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation. A global company with offices in North America and Europe, we connect business leaders with cleantech innovation through the i3 Platform (http://i3.cleantech.com/), the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem. Cleantech Group also produces the premier Cleantech Forum® and Focus™ events worldwide. Details at http://www.cleantech.com.

Contacts

Cleantech Group
Whitney Bennett Michael, +1-415-233-9711 (Media)
Media-Services@cleantech.com

Global Clean Technology Venture Deals Rise While Dollars Fall in 1Q 2012

 Early-stage Deals on the Rise Again; M&A Market Remains Strong

SAN FRANCISCO – April 5, 2012 – Cleantech Group™, a global market intelligence firm helping executives connect with cleantech innovation, today released preliminary 1Q 2012 results from its i3 platform (http://i3.cleantech.com) for worldwide clean technology venture investments, totaling $1.81 billion.

185 deals were recorded in 1Q12 – up from 176 in 4Q11and flat year-over-year – and the tally may rise again once all investors have reported all deals. Of these deals, 56 percent (104) were Series B or later rounds, accounting for 88 percent ($1.59 billion) of all money invested during the quarter. While deal counts rose, the total amount invested in cleantech companies dropped by 19 percent compared to the previous quarter ($2.23 billion) and was 31 percent lower than 1Q11 ($2.62 billion).

“North American cleantech investors are exhibiting caution on the large dollar deals that often drive total venture investment,” explained Cleantech Group CEO Sheeraz Haji, “yet the continued strength in deal count means that promising, early stage teams are finding a receptive audience.” Reflecting on the strength of the M&A market, Haji commented that, “we continue to see very active acquirers and blockbuster mergers, indicating that global corporations take competitiveness in this sector more seriously than ever.”

VENTURE INVESTMENT BY TECHNOLOGY SECTOR
The leading sector in the quarter by amount invested was air & environment ($442 million), followed by biofuels & biomaterials ($283 million) and solar ($249 million). Solar and energy efficiency were the most popular sector measured by number of deals, with 28 funding rounds apiece. The largest transactions in the top three sectors were:

AIR & ENVIRONMENT – $442 million in 9 deals

BIOFUELS & BIOMATERIALS – $283 million in 14 deals

  • Joule (http://research.cleantech.com/company/joule-unlimited/), a Massachusetts-based provider of diesel and ethanol directly derived from sunlight and CO2 using micro-organisms, raised $70 million in a Series C round led by Flagship Ventures.
  • LanzaTech (http://research.cleantech.com/company/lanzatech/), a New Zealand-based developer of a process that increases industrial energy efficiency by capturing waste gases (CO, CO2) and converting them to fuels and chemicals, raised $55.8 million from Khosla Ventures, K1W1 and others in a Series C round.
  • Renmatix (http://research.cleantech.com/company/renmatix/), a Pennsylvania-based developer of technology to allow the production of sugar-based biofuel from cellulosic feedstocks, raised $50 million from BASF Biorenewable Beteiligungs GmbH & Co. KG and Kleiner Perkins Caufield & Byers in a Series C round.

SOLAR – $249 million in 28 deals

  • SolarCity (http://research.cleantech.com/company/solar-city/), a California-based provider of design, financing and maintenance services for solar power customers, raised $81 million from DBL Investors, Silver Lake and others in an equity financing round.
  • Nanosolar (http://research.cleantech.com/company/nanosolar-inc/), a California-based developer of CIGS thin-film photovoltaic solar cells and flexible modules using nano-ink printing technology, raised $20 million from Mohr Davidow, Arsenal Venture Partners and others in an equity financing round.
  • Solar Junction (http://research.cleantech.com/company/solar-junction/), a California-based developer of high efficiency concentrating photovoltaic (CPV) solar cells, raised $19.2 million from New Enterprise Associates, Draper Fisher Jurvetson and others in a Series D round.

VENTURE INVESTMENT BY WORLD REGION

North America accounted for 73 percent of the total, while Europe and Israel accounted for 19 percent and Asia Pacific for 8 percent.

NORTH AMERICA: North American companies raised $1.32 billion, down 17 percent from 4Q11 and 36 percent from 1Q11.

In North America, Massachusetts led the way with $530 million in investments (40 percent share), followed by California ($500 million, 38 percent) and Pennsylvania (67 million, 5 percent). The largest deals included MA-based GreatPoint Energy ($420 million), CA-based Fisker Automotive ($130 million) and CA-based SolarCity ($81 million).

EUROPE & ISRAEL: European and Israeli companies raised $341 million, staying roughly at the same level as 4Q11 but down 6 percent from1Q11. There were 52 deals, marking quite a leap from 37 in 4Q11. The largest deals were for UK-based Tamar Energy ($101 million), UK-based Bluewater Bio ($35.9 million) and UK-based Intelligent Energy ($35 million).

ASIA PACIFIC: Asian companies raised $149 million in 16 disclosed rounds in 1Q12, down 51 percent from 4Q11 and 30 percent from 1Q11. The largest deals were for New Zealand-based LanzaTech ($55.8 million), India-based Doshion ($34 million) and China-based Growatt ($15.9 million).

GLOBAL M&As AND IPOs
M&A transactions involving clean technology totaled 77 transactions in 1Q12, of which totals were disclosed for 18 transactions totaling $15.1 billion. Notable deals included Pentair’s acquisition of Tyco Flow Control, a manufacturer and marketer of valves, actuators and controls for the water and environmental protection industries, for $4.9 billion, and Eastman Chemical’s acquisition of Solutia, a producer of plastic performance materials including coatings and fluids for the solar industry, for $4.7 billion.

There were 14 clean technology IPOs during the quarter, totaling $1.03 billion, down from 16 IPOs totaling $4.27 billion in 4Q11. The largest IPO was for China-based Shouhang Resource Saving, a developer of energy conservation projects, equipments and technologies, which raised $131 million from an offering on the Shenzhen Stock Exchange. The most notable venture-backed IPO was for California-based Enphase Energy, a provider of solar energy management systems including microinverters, which raised $54 million on the NASDAQ.

IPO activity in cleantech heated up at the end of this quarter as a number of companies took important steps towards a public offering. Anticipated pricings in the coming weeks include Luca Technologies, Brightsource, and Enerkem.

TOP GLOBAL VC INVESTORS

1Q12 Most Active Cleantech Venture Investors

Venture Capital Firm # of rounds  Companies
Draper Fisher Jurvetson

9

Solar JunctionIntematix CorporationSCIenergy

Shanghai Dajun Technologies

Pentalum Technologies

Oasys Water

ēssess

Aveillant

Jing-Jin Electric (JJE)

Kleiner Perkins Caufield & Byers (KPCB)

6

Fisker AutomotiveRenmatixSolidia Technologies

Glori Energy

SuVolta

Transphorm

Braemar Energy Ventures

5

BioformixAlbeo TechnologiesNuventix

Lumenergi

UtiliData

SAIL Capital Partners

5

WaterHealthFlexEnergySNTech Company

Activeion

M2 Renewables

BASF Venture Capital

4

RenmatixSolidia TechnologiesAllylix

FRX Polymers

Source: Cleantech Group’s i3 Platform (http://i3.cleantech.com)

About Cleantech Group, LLC
Cleantech Group’s market intelligence, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation. A global company with offices in North America and Europe, we connect business leaders with cleantech innovation through the i3 Platform (http://i3.cleantech.com/), the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem. Cleantech Group also produces the premier Cleantech Forum® and Focus™ events worldwide. Details at http://www.cleantech.com.

CONTACT:
Whitney Bennett Michael
Cleantech Group
T 415 233-9711
media-services@cleantech.com

WEBSITE:

http://www.cleantech.com

 

Cleantech Group Declares “A New Era For Market Research” with Updated Product Features in i3 Intelligence Platform

Updated i3 platform offers information on over 16,000 clean technology companies, 7,500 partnerships and supply chain relationships, 7,000 transactions, and enables users to share content and connect to individuals, investors, and potential partners 

SAN FRANCISCO – March 27, 2012 – Cleantech Group CEO Sheeraz Haji and Executive Vice President Greg Neichin began the first day of Cleantech Forum San Francisco declaring a new era for the market research industry, unveiling a variety of new features in the company’s i3 market intelligence platform (http://i3.cleantech.com).  Building upon the firm’s decade of experience establishing connections throughout the sector and collecting industry data, i3 represents a bold new vision that will combine the most comprehensive cleantech industry database of companies, executives, transactions, and relationships, with a variety of new ways for users to identify and connect with prospective partners, investors, and customers.  The latest release of i3 allows subscribers to contribute content, receive targeted alerts, make connections, and keep private notes.

“In an age when access to information has increased dramatically, over-paying for static, paper reports seems antiquated,” said Haji.  “We believe that we can lead a collaborative revolution in developing a knowledge base for the industry. i3 is the most immediate, cost effective, and  insightful way to satisfy the industry’s market intelligence needs. ”

In commenting on the growth of data within i3, Haji continued by explaining, “It took our firm 10 years to catalogue over 7,000 investment transactions in the sector, but it has taken us less than 10 months to amass a database of over 7,500 business relationships in the industry.  While investments continue to be critical to the sector, the velocity and magnitude of partnership and supply chain activity is remarkable.”

i3 leverages Cleantech Group’s vast network of industry contacts built through events such as Cleantech Forum San Francisco.  “Ninety-nine percent of the data points and market information that the people in this room need and want is currently known by someone else in this room,” said Neichin in addressing the Forum’s opening session.  “In most cases, it’s not confidentiality that keeps us from sharing and recording this information. It is simply the lack of a comprehensive tool that enables networking and research, one that bridges the gap between research and business development. We call that tool i3.”

Haji and Neichin demonstrated a number of new enhancements to the i3 platform and hinted at future developments:

- People pages that will allow users to see how management team members and board members are linked across the industry and, via LinkedIn’s API, how they might be personally connected to those executives

- New search features that allow users to sort through thousands of relationships, customer announcements, joint ventures, and technology development agreements.  Highlighted improved visualization tools that help users make sense of this data.

- New Private Notes feature that allows users a simple, private, secure area to keep team notes on interactions and opinions on individual companies.

- New product roadmaps for the next quarter that will feature dramatically improved ability for individuals to contribute and share content, update relationships and transactions, and connect to individuals across the network.

Contact

Cleantech Group
Whitney Bennett Michael, 415-233-9711
media-services@cleantech.com

Cleantech Group Recognizes San Francisco as “Cleantech Capital of North America”

Mayor Ed Lee Accepts Award on City’s Behalf

San Francisco, CA – March 27, 2012 – Cleantech Group, the world’s leading resource for market intelligence, events, and advisory services in the cleantech industry, today recognized the City of San Francisco as the “Cleantech Capital of North America.”   San Francisco Mayor Ed Lee accepted the award in person on behalf of the city in a ceremony at Justin Herman Plaza on the City’s Embarcadero.

“Cleantech Group is proud to name San Francisco the ‘Cleantech Capital of North America’ in recognition of the city’s ongoing support for all things clean and green,” said Sheeraz Haji, CEO of the Cleantech Group.  “No other city has done more to foster the innovation and deployment of cutting edge clean technologies than San Francisco.”

“Through bold policy leadership and aggressive economic development efforts, San Francisco has become a leading center for the cleantech industry,” said Mayor Lee. “Thank you to the Cleantech Group for recognizing San Francisco as the ‘Cleantech Capital of North America.’ I am deeply proud of this important milestone, and I believe this is just the beginning as we are committed to making San Francisco’s cleantech ecosystem even stronger, more sustainable and more robust.”

The Cleantech Group cited many factors that contributed to the City’s recognition as the “Cleantech Capital of North America.”

  • San Francisco is home to 208 cleantech companies and cleantech investors – one the largest and most concentrated cleantech clusters in the world. This number does not include cleantech partners, sustainable construction and other green companies.
  • Eleven companies in the Cleantech Group’s Global Cleantech 100 have locations in San Francisco, the most of any city: Adura Technologies; AMEE; Harvest Power; Heliatek; Mission Motors; Nexant; OPower; Project Frog; RelayRides; SCIenergy; and SunRun.  Seven of these cleantech firms are headquartered in San Francisco.
  • In the San Francisco Bay Area, from 2006-2011, Cleantech companies raised $12 billion in venture capital and accounted for 640 deals – more than double the activity in the second most active metropolitan area – Boston.
  • Cleantech Partners – like Autodesk and Imagine H20 – call the city of San Francisco home.

About the Cleantech Group
Cleantech Group’s i3 market intelligence platform, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation.  A global company with offices in North America and Europe, we connect business leaders with cleantech innovation through the i3 Platform (http://i3.cleantech.com/), the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem.  Cleantech Group also produces the industry-leading Cleantech Forums and Global Cleantech 100 Summit.  Details at: http://www.cleantech.com.

Media Contact:
Edward Sullivan for the Cleantech Group
+1 617 230 6152
Media-Services@cleantech.com

Denmark tops the first-of-its-kind Global Cleantech Innovation Index

Denmark, followed by Israel, Sweden, Finland and the US provide the best conditions today for clean technology start-up creation, according to the first Global Cleantech Innovation Index.

FEBRUARY 27, 2012 — LONDON — Today, Cleantech Group and WWF publish Coming Clean: The Global Cleantech Innovation Index 2012. The report looks at where entrepreneurial cleantech companies are growing today, reasons as to where they will spring-up over the coming years, and which countries are falling above and below the curve for fostering cleantech innovation.

Thirty-eight countries were evaluated on 15 indicators related to the creation and commercialisation of cleantech start-ups, generating an index measuring each one’s potential, relative to their economic size, to produce entrepreneurial cleantech start-up companies and commercialise clean technology innovations over the next 10 years.

“The global macro-economic landscape is shifting; fostering entrepreneurial start-ups and growth companies with clean technology solutions will be an increasingly important part of countries’ competitiveness on the world stage” said Richard Youngman, Managing Director Europe & Asia, Cleantech Group.

The four top scoring countries were Denmark, Israel, Sweden and Finland. These countries all have small economies and while they are the source of much innovation, they have less ability to scale-up companies. These small countries need innovative approaches and collaboration to compensate for the lack of large domestic markets and inconsistent availability of finance throughout a company’s life-cycle.

“This index shows that several countries are on the right track, but clearly much more needs to be done if we are to properly address climate change and achieve a transition towards a global 100 percent renewable future,” said Samantha Smith, leader of WWF’s Global Climate and Energy Initiative.

“The overwhelming majority of capital required for making the transition to a low-carbon future will come from a variety of private sources. Developing a working recipe for strengthening the flow of public-private finance towards early as well as later stage cleantech is key for countries that want to taste the economic success of cleantech,” she added.

North America and northern Europe emerged as the primary contributors to the development of innovative cleantech companies.

The US placed fifth in the Index. However in absolute terms, without factoring in economic size, the United States leads in many measures of cleantech innovation: the country has the greatest public cleantech R&D budget, the greatest number of cleantech start-ups and investors, as well as the most venture capital, private equity, and M&A deals in cleantech.

However, the Asia Pacific region performs well when it comes to scaling up entrepreneurial cleantech companies to wider commercial success and revenue creation.

Whilst currently seeing fewer emerging cleantech start-ups and placing 13th, China leads in cleantech manufacturing, is strong in early-stage growth, and shows potential to produce more early stage innovation in the future.

The country is rapidly gaining access to funding due to success in raising money for cleantech-focused funds. Additionally, China has been home to the majority of cleantech IPOs since 2009, many of which listed on the recently established ChiNext board of the Shenzhen stock exchange.

Similarly, India scores 12th but is performing well in fund raising towards Cleantech focused funds and has much activity in later stage Cleantech companies.

Coming Clean: The Global Cleantech Innovation Index 2012 is available as a free download from Cleantech Group at http://info.cleantech.com/2012InnovationIndex.html.

A free webinar, The Global State of Cleantech, discussing the findings is scheduled for February 28, 2012 at 9am GMT as well as 6pm GMT. Register at http://info.cleantech.com/CleantechIndexWebinar.html

About Cleantech Group

Cleantech Group’s research, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation.  A global company with offices in North America and Europe, we connect business leaders with cleantech innovation through the i3 Platform, the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem.  Cleantech Group also produces the premier Cleantech Forum® and Focus™ events worldwide.   Details are available at http://www.cleantech.com.

 

About WWF

WWF is one of the world’s largest and most respected independent conservation organizations, with over 5 million supporters and a global network active in over 100 countries.  WWF’s mission is to stop the degradation of the earth’s natural environment and to build a future in which humans live in harmony with nature, by conserving the world’s biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption.  www.panda.org for more news and resources

 

For more information, please contact

Whitney Bennett Michael, Senior Director of Marketing, Cleantech Group, media-services@cleantech.com, +1 415 233-9711 @whitneym

Stefan Henningsson, Senior Adviser Climate Innovation, WWF International, +46 70 57 99 291, stefan.henningsson@wwf.panda.org, Twitter: shenningsson

Barbara Evaeus, Manager Climate Communications, WWF Sweden, Barbara.evaeus@wwf.se, +46 70 393 90 30

Phil Dickie, WWF international, pdickie@wwfint.org +41 79 703 19 52

Corporate Cleantech M&A Grew 153 Percent in 2011 Totaling $41.2 Billion

Cleantech Venture Investment in 2011 Reaches the Highest Level Since 2008

 SAN FRANCISCO – January 5, 2012 – Cleantech Group™, a global research firm focused on cleantech innovation, today released preliminary 2011 results for clean technology venture and corporate investments around the globe, totaling $8.99 billion, a 13 percent increase over 2010. Cleantech mergers & acquisitions reached record highs in 2011 with 391 deals and a dollar volume of $41.2 billion, a robust 153 percent growth over 2010.

“While 2011 has been a difficult year for cleantech and venture capital, our 2011 numbers show surging interest in cleantech from global enterprises,” said Sheeraz Haji, CEO of Cleantech Group.  “Despite some of the well-publicized headwinds, venture capitalists continue to invest in cleantech. Based on our historical data, we believe 2012 will be an all-time record year for global cleantech investments.”

Throughout 2011, investment totals grew while the number of deals declined by 7 percent compared to 2010, an indication that average round size is increasing. Of the 713 deals, 61 percent (438) were Series B or later rounds, accounting for 85 percent ($7.64 billion) of all money invested during the year.

Investments in North America grew significantly from $5.20 billion in 2010 to $6.81 billion in 2011, or a 30 percent increase. On the other hand, Europe and Israel took a step back, with $1.30 billion invested in 2011 compared to $1.84 billion in 2010.

In the public markets, China remained strong for cleantech IPOs. 28 of the 51 IPOs in 2011 came out of China, led by several massive offerings by large renewable energy corporations such as Sinohydro, Sinovel Wind Group and Huaneng Renewable Energy.

Cleantech Group’s Quarterly Investment Monitor Report is supported by Deloitte, Silicon Valley Bank and Wilson Sonsini Goodrich & Rosati. Detailed information on recent venture activity and transactions is available in real-time in i3, Cleantech Group’s market intelligence platform, at http://i3.cleantech.com. Final numbers will be released to clients in the Quarterly Investment Monitor Report on February 16th, 2012.

VENTURE INVESTMENT BY TECHNOLOGY SECTOR

Solar was the leading sector by amount invested ($1.81 billion), followed by energy efficiency ($1.46 billion) and transportation ($1.12 billion). Energy efficiency was the most popular sector measured by number of deals, with 150 funding rounds, ahead of solar (111 deals) and transportation (61 deals). The largest transactions in each of the top four sectors were:

SOLAR – $1.81 billion in 111 deals

ENERGY EFFICIENCY – $1.46 billion in 150 deals

TRANSPORTATION – $1.12 billion in 61 deals

BIOFUELS & BIOMATERIALS – $1.04 billion in 52 deals

VENTURE INVESTMENT BY WORLD REGION

North America accounted for 76 percent of the total amount invested, Europe & Israel for 14 percent and Asia Pacific for 10 percent in 2011.

NORTH AMERICA: North American companies raised $6.81 billion, up 31 percent from 2010. The total of 470 deals disclosed represents a 25 percent increase from 425 in 2010.

In North America, California led the way with $3.69 billion in investments (54 percent share), followed by Massachusetts ($542 million, 8 percent) and Colorado (358 million, 5 percent). The largest deals included Fisker Automotive (three rounds at $315 million), BrightSource Energy ($201 million) and Sundrop Fuels ($175 million).

EUROPE & ISRAEL: European and Israeli companies raised $1.30 billion, down 30 percent from 2010 ($1.84 billion). There were 172 deals, also down 33 percent, from 256 in 2010. The largest deals were for Better Place ($200 million), Plastic Logic ($200 million) and Nexeon ($88 million).

ASIA PACIFIC: Asian companies raised $879 million in 71 disclosed rounds in 2011. China ranked second after the United States in amount raised ($534 million), and third after the United Kingdom (59) of deals (43). The largest deals were for Soham Renewable Energy ($60 million), Champion of the Earth ($51.6 million) and ShineOn ($51.5 million).

GLOBAL IPOs AND M&As

There were 51 clean technology IPOs during the year totaling $9.59 billion, down from the $16.41 billion in 2010. The largest IPO was for Sinohydro, a Chinese state-owned hydropower company, which raised $2.12 billion on the Shanghai Stock Exchange. Notable venture-backed IPOs included Solazyme (http://research.cleantech.com/company/solazyme/), Zipcar http://research.cleantech.com/company/zipcar/), KiOR (http://research.cleantech.com/company/kior/) and Gevo (http://research.cleantech.com/company/gevo/).

Totals were disclosed for 119 of the 391 cleantech M&A transactions totaling $41.2 billion. The largest deal was DuPont’s $6.3 billion acquisition of Danisco, a leading industrial biotechnology company.

TOP GLOBAL VC INVESTORS

2011 Most Active Cleantech Venture Investors:

Investor

# of VC Rounds

Kleiner Perkins Caufield & Byers (KPCB)

35

DFJ Global Network

24

New Enterprise Associates

17

Chrysalix Global Network

15

Rockport Capital Partners

15

Khosla Ventures

15

Source: Cleantech Group’s i3 Platform (http://i3.cleantech.com)

Nothing herein is intended to be nor should be construed as investment advice. Cleantech Group, LLC does not recommend that any financial product should be bought, sold or held by you, and nothing in this document should be construed as an offer, nor the solicitation of an offer, to buy or sell securities by Cleantech Group, LLC or our sponsors. You should not make any investment decision without consulting a fully qualified financial adviser.

About Cleantech Group, LLC

Cleantech Group’s research, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation.  A global company with offices in North America and Europe, we help business leaders make strategic decisions involving cleantech innovation through the i3 Platform, the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem.  Cleantech Group also produces the premier Cleantech Forum® and Focus™ events worldwide.  Details are available at http://www.cleantech.com.

CONTACT:
Whitney Bennett Michael
Cleantech Group
T 415 684 1020
media-services@cleantech.com

WEBSITE:
http://www.cleantech.com

Note:  Cleantech M&A numbers used in this release only contain transactions involving “pure-play” cleantech companies. Prior to 1Q11, we had reported M&A numbers containing transactions involving companies that were active in the cleantech sectors, but not necessarily “pure-play” cleantech companies (such as oil & gas companies, utilities, etc.).

Since May 2011 (when Cleantech Group’s i3 database was put in use), we have decided to make our definition for “cleantech M&A” more strict in order to reflect a more accurate picture of the exit activities within the cleantech sectors. Due to this change in definition, there is a significant difference between the numbers mentioned in this press release and the ones in releases prior to 1Q11.

Cleantech Group announces 2011 Global Cleantech Award Winners

Cleantech Leaders Recognized in Nine Categories at the Global Cleantech 100 Gala 

Washington, DC– October 18, 2011 – Cleantech Group presented awards in nine categories to clean technology innovators on Monday night at the first Global Cleantech 100 Summit & Gala awards dinner.  The Global Cleantech 100 Summit & Gala is produced by Cleantech Group, a leading research firm focused on cleantech innovation (http://events.cleantech.com/global100).  The third annual Global Cleantech 100 list (http://www.cleantech.com/global-cleantech-100/ ) incorporates the input of 70 cleantech experts to determine the 100 most promising private companies in clean technology.

Company of the Year was awarded in each of three regions to the highest-ranked company with no negative votes from the expert panel:

  • Silver Spring Networks, an advanced metering and home energy management company, won for North America.
  • TaKaDu, a SaaS water monitoring solution for utilities, won for Europe & Israel.
  • LanzaTech, a waste-gas-to-fuel company, won Company of the Year in Asia

Other Categories:

  • Rising Star of the Year was awarded to SCIEnergy (fka Scientific Conservation), maker of a cloud-based building efficiency solution, as the highest-ranked company finding itself on the Global Cleantech 100 list for the first time.
  • BrightSource Energy, developer of solar thermal power systems, won the Continued Excellence award, given to the highest-ranked of companies that have made it onto the Global Cleantech 100 list for all three consecutive years.
  • Emefcy, a wastewater treatment company, won the award for Early Stage Company of the Year, given to the highest-ranked pre-revenue company.

Awards were also given to three companies not included on the 2011 Global Cleantech 100 list:

  • Landis+Gyr, which was acquired by Toshiba earlier this year, won for Exit of the Year, awarded to the highest-rated exit by any Global Cleantech 100 company in the past 12 months.
  • GE, which made 22 investments in emerging energy technology companies this year, won for Corporation of the Year.
  • An award was given to Generation Investment Management for Investor of the Year as the global investor with the largest percentage of its portfolio devoted to cleantech.

The Global Cleantech 100 program is produced in collaboration with the UK’s Guardian News and Media and sponsored by Autodesk, Deloitte and Wilson Sonsini Goodrich and Rosati. Sponsors of the Global Cleantech 100 Summit include Autodesk, Macquarie, Chubb, InNOVAcorp, ABB, Advanced Biofuels Association and Louisiana Economic Development.

 

About Cleantech Group

Cleantech Group’s research, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation.  We help business leaders make strategic decisions involving cleantech innovation through the i3 Platform, the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem.  Cleantech Group also produces the premier Cleantech Forum® and Focus™ events worldwide.  Details are available at http://www.cleantech.com


MEDIA CONTACT:

Whitney Bennett Michael
Cleantech Group
Tel: +1 (415) 684-1020
Email: media-services@cleantech.com

 

Cleantech Group Reveals the 2011 Global Cleantech 100 List

List Recognizes the Top Private Companies in Clean Technology Industry

Washington, DC – October 17, 2011:  Cleantech Group, the leading research firm focused on cleantech innovation, today released the third annual Global Cleantech 100 list at the Global Cleantech 100 Gala Dinner.  The list recognizes the 100 most promising and innovative companies in areas such as renewable energy, energy efficiency, water and waste, and low carbon transportation.  The Global Cleantech 100 program is produced in collaboration with the UK’s Guardian News and Media.

“We are proud of how quickly the Global Cleantech 100 list has gained recognition as a leading resource in the cleantech sector,” said Sheeraz Haji, Cleantech Group CEO. “Stakeholders including members of the corporate community, investors, and regulators now watch the Global Cleantech 100 list closely to gauge which sectors look most promising and which companies are poised for growth.”

The list recognizes the Cleantech companies most likely to make a significant market impact over the next 5-10 years.  The full list of Global Cleantech 100 firms and the full report are available online for free on the websites of Cleantech Group (http://www.cleantech.com/global-cleantech-100/) and the Guardian (http://www.guardian.co.uk/globalcleantech100).  Complete profiles of all 100 companies can be found in i3, Cleantech Group’s market intelligence platform, at http://i3.cleantech.com.

To qualify, companies must be independent, for-profit, cleantech companies not listed on any major stock exchange.  This year, 4,274 companies were nominated from more than 45 countries. 70 members of the expert panel, including leading global investors and a wide range of corporate executives from multi-national enterprises such as ABB, BASF, BP, Coca-Cola Company, DuPont, GE, General Motors, Procter and Gamble, and Vestas, gave their input on the shortlisted 213, to get to the final list of 100 companies from 16 countries.

“This year’s Global Cleantech 100 shows once again that there is no end to the innovation that entrepreneurs are capable of creating in order to attack some of the most pressing resource challenges and in the process will introduce to the world some outstanding companies,” said Rodrigo Prudencio, Partner at Nth Power and member of the expert panel.  “The annual list proves that companies are being formed around the world to pursue a wide variety of opportunities and that investors, customers and partners see these markets as global and larger than ever imagined.”

A closer look at the list reveals important trends in clean technology investment.  A full report with commentary and insight on the 2011 Global Cleantech 100 is available via two publications: 1) A report authored by Cleantech Group and sponsored by Autodesk, Deloitte and Wilson Sonsini Goodrich & Rosati.  Global Cleantech 100: A Barometer of the Changing Face of Global Cleantech Innovation is available for download (http://www.cleantech.com/global-cleantech-100/); 2) A special online newspaper supplement written by the UK’s Guardian, sponsored by Ernst & Young.

“The third Global Cleantech 100 exemplifies the best in cleantech innovation across the world,” said Richard Youngman, Managing Director, Europe & Asia, Cleantech Group and the founder of the Global Cleantech 100. “This list is based on the collective wisdom and experience of the world’s cleantech leaders and this year it truly reflects not only the most interesting companies, but also the mainstreaming of this dynamicinnovation theme.”

Global Cleantech 100 Quick Facts:

  • The United States leads with the most companies on the list in absolute numbers.
  • Weighted for size of economy, the frontrunners are smaller countries such as Denmark, Israel, the Netherlands and Sweden.
  • Over 350 investors, from 28 different countries, hold shares in the 100 companies.
  • Kleiner Perkins Caufield & Byers is the most prolific shareholder this year, with investment in 14 companies on the list. Generation Investment Management has the highest percentage of its investee companies on the list.
  • GE and Siemens are the most active partners with 2011 Global Cleantech 100 companies.
  • TaKaDu heads the 2011 Global Cleantech 100 ‘Lust List’, made up of the companies who were most consistently admired by the expert panel, with no dissenters.
  • Four other companies made the 2011 Lust List this year: Coulomb Technologies; Hara; Opower; and Silver Spring Networks.
  • LanzaTech topped the charts for the Asia-Pacific region.
  • Better Place is the 2011 Global Cleantech 100 company that most strongly divided opinion across our expert panel and as such heads this year’s ‘Marmite List’.

 

About Cleantech Group

Cleantech Group’s research, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation.  We help business leaders make strategic decisions involving cleantech innovation through the i3 Platform, the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem.  Cleantech Group also produces the premier Cleantech Forum® and Focus™ events worldwide.  Details are available at http://www.cleantech.com


MEDIA CONTACT:

Whitney Bennett Michael
Cleantech Group
Tel: +1 (415) 684-1020
Email: media-services@cleantech.com

 

About the Guardian

The Guardian is one of the UK’s leading daily titles, and the Guardian.co.uk website delivers its liberal journalism to a global audience. The Guardian’s vision is to be the leader on sustainability within the media industry. Through its editorial coverage and business activities, the Guardian demonstrates to its readers, staff, advertisers, suppliers and its communities that Guardian News & Media is committed to enhancing society’s ability to build a sustainable future.

3Q 2011 Global Cleantech Venture Investment Up 12 Percent from Previous Quarter

SAN FRANCISCO – October 5, 2011 – Cleantech Group™, a global research firm focused on cleantech innovation, today released preliminary 3Q 2011 results for clean technology venture investments around the globe, totaling $2.23 billion across 189 deals.

Measured by dollars invested, cleantech venture investment grew 12 percent compared to the previous quarter ($1.98 billion) and was also 23 percent higher than 3Q10 ($1.81 billion). The number of deals recorded in 3Q11 was 189, compared to 179 in 2Q11. Of these deals, 59 percent (111) were Series B or later rounds, accounting for 81 percent ($1.81 billion) of all money invested during the quarter.

“While financing remains constrained, it’s great to see growth in venture activity,” said Sheeraz Haji, CEO of Cleantech Group.  “Energy Storage emerged as our top sector, indicating continued strong interest in advanced technologies for grid-storage as well as for electric vehicles. Global enterprises continue to invest aggressively into cleantech.”

Both the IPO and M&A market were a bit slower in 3Q11 compared to the first half of the year. China remained the top country for cleantech IPOs. 11 of the 14 IPOs in 3Q11 came out of China, with four Chinese solar cell/panel manufacturers raising a total of $812 million. M&A activity remained strong and significantly higher than last year – two giant acquisitions in the water and wastewater sub-sector were the highlights.  Ecolab acquired water treatment service provider Nalco Holdings for $5.4 billion, and Hong Kong billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings acquired British water utility company Northumbrian Water for $3.9 billion.

Cleantech Group’s Quarterly Investment Monitor Report is supported by Deloitte, Silicon Valley Bank and Wilson Sonsini Goodrich & Rosati.  More information on recent venture activity and transactions is available in i3, Cleantech Group’s web-based market intelligence platform, at http://research.cleantech.com.

 

VENTURE INVESTMENT BY TECHNOLOGY SECTOR

For the first time, energy storage was the leading sector by amount invested ($514 million), followed by solar ($350 million) and energy efficiency ($223 million). Energy efficiency was the most popular sector measured by number of deals, with 34 funding rounds, ahead of solar (33 deals) and energy storage (19 deals). The largest transactions in each of the top four sectors were:

ENERGY STORAGE – $514 million in 19 deals

  • Bloom Energy, a California-based developer of solid-oxide fuel cell technology, raised $150 million from Kleiner Perkins Caufield & Byers, New Enterprise Associates and others
  • Boston-Power, a Massachusetts-based producer of lithium-ion batteries, raised $125 million from Foundation Asset Management, Oak Investment Partners and others
  • ClearEdge Power, an Oregon-based manufacturer of Polymer Electrolyte Membrane (PEM)-based stationary fuel cells, raised $73.5 million from Kohlberg Ventures, Sempra Energy and others

SOLAR – $350 million in 33 deals

  • HelioVolt, a Texas-based developer of CIGS thin-film solar cells, raised $85 million from New Enterprise Associates and SK Group
  • OneRoof Solar, a California-based developer, owner and operator of solar energy generation systems for the residential market, raised $50 million from Black Coral Capital, Spring Ventures and others
  • CaliSolar, a California-based developer of solar cells that allow the use of non-pure silicon in the manufacturing process, raised $26 million from undisclosed investors

ENERGY EFFICIENCY – $223 million in 34 deals

  • Fusion-io, a Utah-based developer of green solutions for servers and workstations, raised $61.5 million from undisclosed investors
  • SynapSense, a California-based provider of data center efficiency solutions, raised $16 million from Emerald Technology Ventures, Sequoia Capital and others
  • Elstat, a UK-based provider of energy management devices for commercial beverage coolers, raised $15 million from Environmental Technologies Fund

TRANSPORTATION – $177 million in 15 deals

  • Coda Automotive, a California-based manufacturer of electric vehicles, raised $66 million from Aeris Capital, Angeleno Group and others in two investment tranches
  • INRIX, a Washington-based provider of a predictive traffic services and solutions, raised $37 million from Kleiner Perkins Caufield & Byers and August Capital
  • SmartDrive Systems, a California-based provider of fleet management solutions, raised $10 million from New Enterprise Associates and Oak Investment Partners

 

VENTURE INVESTMENT BY WORLD REGION

North America accounted for 76 percent of the total amount invested, Asia Pacific for 14 percent and Europe & Israel for 10 percent.

NORTH AMERICA: North American companies raised $1.69 billion, up 17 percent from 2Q11 and up 59 percent from the same period a year ago. The total of 128 deals disclosed marked a record high for cleantech VC rounds in the region.

In North America, California led the way with $654 million investment (39 percent share), followed by Massachusetts ($176 million, 10 percent) and New Mexico (175 million, 10 percent). Canada saw a drop in terms of VC funding with $33 million invested across 8 deals.

The largest deals included Sundrop Fuels ($175 million), Bloom Energy ($150 million) and Boston-Power ($125 million).

EUROPE & ISRAEL: European and Israeli companies raised $230 million, down 34 percent from 2Q11, and down 32 percent from the same period a year ago. There were 40 deals, down from 44 in the previous quarter. The largest deals were for Nexeon ($65 million), Elstat ($15 million) and EcoEridania ($14 million).

ASIA PACIFIC: Asian companies raised $303 million in 21 disclosed rounds. India ranked third after the United States and United Kingdom in amount raised, while China ranked third in number of deals globally. The largest deals were for Soma Enterprise ($110 million), Champions of the Earth ($52 million) and Changxing Wind Power ($47 million).

 

GLOBAL M&As AND IPOs

There were 14 clean technology IPOs during the quarter, totaling $1.70 billion, slightly down from the $1.99 billion in 2Q11. The largest IPO was for Huaneng Renewable Energy, a subsidiary of China’s Jingyuntong Technology, which raised $395 million on the Shanghai Stock Exchange. Also notable were three more IPO filings from U.S. biofuels companies: Renewable Energy Group, Fulcrum Bioenergy and Mascoma.

Clean technology M&A totaled 85 transactions in 3Q11, of which totals were disclosed for 27 transactions totaling $11.8 billion. Transactions were slightly down compared to 2Q11, which saw 89 transactions (31 of disclosed value) totaling $13.0 billion. The largest deal was Ecolab’s $5.4 billion acquisition of Nalco Holding, a leading provider of water treatment and process improvement services, chemicals and equipments.

 

TOP GLOBAL VC INVESTORS

3Q11 Most Active Cleantech Venture Investors

Investor

# of Rounds

Companies

Sectors Involved

Draper Fisher Jurvetson

(Including DFJ Network)

10

Power Assure

Aegis Petro

Scientific Conservation

Vitriflex

Bharat Light and Power

Ambiq Micro

EdeniQ

Enevate

Glycos Biotechnologies

Oasys Water

Energy Efficiency

Water & Wastewater

Materials

Biofuels & Biomaterials

Energy Storage

Other Renewables

Kleiner Perkins Caufield & Byers

6

Bloom Energy

INRIX

Clean Power Finance

Aquion Energy

Siluria Technologies

Aquion Energy

Energy Storage

Transportation

Solar

Materials

New Enterprise Associates

5

Bloom Energy

HelioVolt

Boulder Wind Power

Leyden Energy

SmartDrive Systems

Energy Storage

Solar

Wind

Transportation

Chrysalix Energy Venture Capital

4

HydroPoint Data Systems

GaN Systems

ReliOn

The NanoSteel Company

Water & Wastewater

Energy Efficiency

Materials

Energy Storage

Source: Cleantech Group (cleantech.com)

Nothing herein is intended to be nor should be construed as investment advice. Cleantech Group, LLC does not recommend that any financial product should be bought, sold or held by you, and nothing in this document should be construed as an offer, nor the solicitation of an offer, to buy or sell securities by Cleantech Group, LLC or our sponsors. You should not make any investment decision without consulting a fully qualified financial adviser.

 

About Cleantech Group, LLC
Cleantech Group’s research, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation.  We help business leaders make strategic decisions involving cleantech innovation through the i3 Platform, the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem.  Cleantech Group also produces the premier Cleantech Forum® and Focus™ events worldwide.   Details are available at http://www.cleantech.com.

CONTACT:
Whitney Bennett Michael
Cleantech Group
T 415 684 1020
media-services@cleantech.com

WEBSITE:
http://www.cleantech.com