More on SoCal’s role in clean tech
Friday, October 31st, 2008More on how big clean technology has gotten in Southern California: Ernst & Young has run the numbers, and determined that Southern California made up $363.5M in a record setting $1.6B invested in clean technology firms in Q3, ahead of Silicon Valley for the quarter’s clean technology activity.
Much of this was driven by later stage investments–big investments like $148M in SolarReserve, in Santa Monica–but it’s interesting to see that Southern California is holding its own in terms of development and commercialization of green technology. The ultimate test, of course, is how much of this technology and development is successful in the market (just look at the recent woes of much-hyped Tesla Motors..), but it’s good to see that our deep technology base (cleantech take a lot more science/engineering than 99.9% of your Internet startups) is helping the region out significantly here.









