Posted under Entrepreneurship
from http://www.smallbizlabs.com 1550 days ago

The cleantech industry has fallen on some hard times. The U.S. energy boom - and especially the "shale gale" of cheap natural gas - has led to lower prices for fossil fuels. 

While good news for the U.S. economy, the energy boom has taken the air out of cleantech investing, especially in the areas of wind power, solar and biofuels.

Key quote from SiliconValley.com's article Latest cleantech funding woes spark fears of industry slide:

New figures from the National Venture Capital Association paint a sobering picture: Investments in alternative energy and related fields have dropped for five of the past six quarters. The $368 million that venture firms poured into cleantech in the first three months of this year was roughly a third of the total from the same period in 2012.

So what is the Cleantech industry doing? Pivoting, of course.

And they're calling their new ...

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