July 9, 2013 | By Barbara Vergetis Lundin

Worldwide clean technology venture investment during the second quarter of 2013 totaled $1.76 billion, according to global market intelligence firm Cleantech Group, underscoring the group's belief that the cleantech industry is turning a corner.

"President Obama's Climate Action address has reenergized the cleantech industry," said Sheeraz Haji, CEO of Cleantech Group. "Recent acquisitions…provide further reason for optimism, and the breadth of private companies generating material revenue is impressive. Alongside these trends, we continue to track increased activity by large corporates. Indeed, the tide appears to be turning in 2013."

In the first quarter of 2013, venture investment in cleantech grew 56 percent or $1.1 billion, with the energy-efficiency sector leading the investments with $378 million followed by biofuels and biochemicals ($231 million), and Solar ($170 million). North America accounted for 71 percent of the total venture investment, Europe and Israel accounted for 13 percent, and Asia Pacific was responsible for 15 percent.

 

North American companies raised $1.25 billion, up 74 percent from quarter one with California again leading all states/provinces with $631 million in investment (36 percent share), followed by Texas ($169.6 million, 9.6 percent) and Massachusetts (103 million, 6 percent).

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