Green Tech Space Race Is Seen, But Private Money Will Be Cautious

November 30, 2009

The concept is simple: more than halt the world’s population lives in cities and towns.

So by focusing renewable energy resources on these concentrations of humanity, the greatest good can be done to combat global warming.

Forget about bringing solar to the village in Kenya or the ranches dotting the Wyoming countryside. Spend money where it will do the most.

Electric car hype will dissipate to a more sober realization that efficiencies are needed across the transportation system

This concept seemed to underscore several 2010 predictions Monday from generally rosy Cleantech Group.  First, the research firm said it sees the unprecedented quantities of green stimulus money being doled out in the United States and elsewhere to spur a “space race” of sorts, with cities and states competing to nurture clean-tech industries.

This will likely be the case following all the government pump priming that has taken place in recent months. And momentum for clever approaches could come from a variety of places:, Singapore, Australia, France, Germany, Israel and parts of the U.S., just as Cleantech Group expects.

But a burst in private-equity and venture capital funding for green companies isn’t as much of a done deal as Cleantech Group anticipates. Cleantech Group calls for a level of funding well in excess of 2009’s. An incremental increase seems more likely given the nation’s continuing credit woes. Large funds will certainly be raised and big name investors will follow Warren Buffett’s move and deploy capital in clean-tech plays.

But a sharp reversal of today’s course isn’t probable

Cleantech Group also believes green marketing efforts will increase, oil will rise in price and the hype surrounding electric cars will dissipate. In place of today’s electric-car hype will come a realism that efficiencies are needed more broadly in the transportation sector, from shipping to urban public transport.

All this seems very plausible – and a positive step for a sustainable effort to turn climate challenges into climate successes. I second the motion.


Sustainable Spaces Could Benefit From Government Stimulus

April 9, 2009

For five years, Sustainable Spaces has been retrofitting homes for greater energy efficiency – and growing at 100 percent a year.

The government stimulus making its way into the coffers of towns and cities could give that growth a boost.

The startups presently retrofits 20 to 30 homes a month

The startups presently retrofits 20 to 30 homes a month

The 60-person San Francisco startup boasts that a $10,000 retrofit can save a homeowner 20 percent to 40 percent of his or her electric and gas bills. A more extensive work-over can save even more.

At present, the company completes 20 to 30 homes a month. The government’s goal is to retrofit 128 million homes by 2030, and the federal stimulus bill is targeting an initial wave of 2.5 million, says Matt Golden, president and founder of the company.

“The stimulus incentive is just a jump start,” he says.

Golden says one benefit of the government initiative is that it could provide retrofitting jobs for idled construction workers in California.

But it also could spark greater demand among homeowners. Consumer interest in retrofitting is up, but lower home values makes home-equity refinancing more difficult to get.

The government money could help, says Golden, whose company typically adds insulation to a home and wraps heating and cooling ducts to prevent leaking.


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