Green Tech Startup Better Place
Clean-tech startups may be having a tough time getting money, but the financial turmoil gripping Wall Street hasn’t diminished their market opportunities.
Green technology companies may do to the lighting, auto and electric industries what computer-technology companies did to information technology over the past decades, said Stephan Dolezalek, managing director at VantagePoint Venture Partners.
“We’re going to be challenged over the next couple years,” he said Thursday at a TechNet clean-energy conference in Sunnyvale. “But I’m very, very convinced the opportunity is larger than the one we faced in the past 30 years.”
Dolezalek pointed to four companies in his portfolio with interesting technologies.
*Premium Power: developing large batteries of salt water and zinc with plenty of capacity;
*Better Place: connecting electric cars to energy sources whether they are solar or fossil-fuel based;
*BridgeLux and SuperBulbs: working on a more efficient light bulb where 8 watts of energy will equal the output of 100 watts.
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