BUSINESS

Green Energy Brings In The Dough

03/28/2008 02:45 am ET | Updated May 25, 2011

Venture investment in energy technology firms reached new highs this year, more than tripling the investment recorded for 2005, according to data released Wednesday by Thomson Financial and the National Venture Capital Association.

In the first three quarters of 2007, nearly $1.7 billion, or 7.4% of U.S. venture capital investments, was put into American companies developing technologies that conserve energy and resources, protect the environment, or eliminate harmful waste. The majority of this year's clean technology investment was made in companies based in California, Massachusetts, and Texas, with the solar energy and biofuel industries receiving the bulk of the investment dollars.

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