Cleantech investment booms, but energy tech bubble looms
April 30, 2007
"Cleantech encompasses innovative technologies specifically designed to optimize the use of natural resources and reduce environmental impact, with five top-level segments: energy, air, water, waste, and sustainability," said Lux Research President Matthew M. Nordan. "Driven by solar and biofuel deals, the energy segment looks overheated — there's no way that more than a fraction of the 930 energy start-ups operating worldwide can possibly succeed. But the attention to energy masks neglected opportunity in other segments: For example, the waste segment accounted for 32 percent of merger and acquisition value last year but only 1 percent of IPO value and 4 percent of venture capital."
The report notes that media interest in cleantech, as measured by the number of articles in major print media, has risen by 70 percent since last year, while 29,874 scientific journal articles were published on cleantech topics in 2006.
Some 4,093 U.S. patents focused on cleantech were issued in 2006. Lux Research reports that "U.S. cleantech patents issued have grown at an average of 5 percent per year since 1995, double the rate for patents overall."
More information on the Cleantech Report is available at www.luxresearchinc.com/cleantech.
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