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US venture capital investment in cleantech companies in Q3 2009 increased 46% compared to the prior quarter to$965 million in 50 financing rounds, according to an Ernst & Young LLP analysis based on data from Dow Jones Venture Source. This is the second consecutive quarter of growth in 2009 and the fifth-largest quarterly investment total on record. Compared to Q1 2009, quarterly investment has increased 182% in terms of capital and doubled in terms of financing rounds.
1. The Energy/Electricity Generation category received the largest amount of investment in Q3 09 with $316 million
2. Industry-specific products and services for cleantech generated strong VC interest in Q3 09 with $289 million invested
3. Environmental Products and Services was the third-largest category in Q3 09,raising $120 million.
4. The Alternative fuels category, consisting entirely of biofuels deals, grew by 58% to $71 million.
Interest in biofuels among large oil corporations was evident in Q3 09, with the $25 million investment in LS9, Inc., a developer of renewable fuels and sustainable chemicals based in San Francisco, by a syndicate of investors that included Chevron Technology Ventures. Exxon Mobil announced it was investing $600 million in a partnership with Synthetic Genomics Inc. of La Jolla, CA, to develop commercially viable biofuels from algae. BP Plc and Martek Biosciences Corp. are partnering to study the use of algae to convert sugar into biodiesel.
See more: Reuters
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