Cleantech investment is experiencing what the cleantech industry calls a “golden age.”
Mills Pond Capital Partners, a venture capital firm that invests in clean energy companies, for example, launched Cleantech Venture Partners II in 2014, which it believes is the highest-profile fund-raising round ever for a cleantech fund, and announced a $150 million commitment in January of this year.
“Right now, you just can’t lose,” says Mills Pond Partner Ellen Cunliffe.
According to a report from consulting firm PwC, cleantech funding in North America, led by clean energy technology investments in California, topped $6.4 billion in 2017. That’s up from $4.8 billion in 2016 and $2.4 billion in 2015.
“With energy prices continuing to push up and we see renewables and energy storage continuing to be market leaders, it’s very exciting,” says PwC Cleantech leader Bill Townsend.
Of course, more than just finding investments in cleantech, many industry professionals also hope to help the U.S. technology sector secure jobs. The cleantech jobs of the future will require a future need for smart workplace development and education.
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