Cleantech investment climbs


Venture capital investment in cleantech companies grew 73% in the third quarter nationwide.

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Venture capital investment in cleantech companies grew 73% in the third quarter nationwide.

Cleantech companies nationwide raised $1.1 billion in the third quarter, according to a report from global tax firm Ernst & Young LLP, using data from Dow Jones VentureSource. That represents 76 total deals, a 36 percent increase from last year’s third quarter.

Though California led the way, Oregon joined Pennsylvania in reporting the biggest growth in the quarter.

The state landed $73.5 million in cleantech venture capital, more than tripling its take from the third quarter of 2010.

All of that, however, can be attributed to a single deal: Hillsboro-based fuel-cell maker ClearEdge Power’s Series E funding round announced in September.

Read more at Sustainable Business Oregon.

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