Slideshow: Solar Still Drives Cleantech Investing

Solar continued to be the driving force behind cleantech investing in the first quarter as venture capitalists shifted dollars to more mature, later stage companies.

The quarter saw investors worldwide pour $2.57 billion into 159 companies, a 13% increase in dollars from last year, according to the Cleantech Group. The majority of the money – 93% – went to follow-on rounds.

Surprisingly, this more cautious environment was fertile ground for solar deals. Solar startups attracted $641 million, or 24% of total dollars, as several big deals led the way. The next closest industry sector was transportation, with less than half the committed dollars.

Russia In Talks for Plastic Logic Stake

MOSCOW (Reuters) – Russia is in talks to take a stake in British display screen maker Plastic Logic, two sources said on Monday, a move that would help Russian plans to bring Western expertise to its fledgling tech industry. One of the sources, who both come from within state-owned technology group Rusnano, said the firm […]

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