Energy Storage Leads Q3 2011 Cleantech Investments

Ernst & Young last week released the results of its analysis of U.S. venture capital investment in cleantech during Q3 2011. Even with a non-ideal investment market, Q3 investments in cleantech grew:

  • 73 percent to $1.1 billion compared to Q3 2010.
  • 4 percent compared to Q2 2011.
  • Deals increased by 36 percent to 76 deals compared to Q3 2010.

The energy storage segment had a lot to do with this rise in investment. During Q3 2011, the energy storage segment raised a record $421 million, which is a 1,932 percent increase over the same period in 2010. Supporting energy storage, other segments with high investments include energy/electricity generation and energy efficiency.

Ioxus was able to take advantage of this investment growth earlier this year when we raised a $21 million investment round in April. The industry has grown greatly, and it will continue to do so as sales of energy storage solutions such as ultracapacitors increase. We are predicting large growth in global sales of ultracapacitors, with $1.16 billion in ultracapacitor purchases by 2015 and $7 billion by 2020, and the funding we raised is integral in helping us meet growing demands.

Government support and corporate funding provided some of the larger investment financing in this sector. This backing shows the supported growth and necessity of renewables. “The renewable energy capacity additions and corporate commitments demonstrate that cleantech has reached its deployment phase,” said Jay Spencer, Ernst & Young LLP’s Americas cleantech director.

This validation that cleantech has reached its deployment phase will only further help beat the U.S. Energy Information Administration’s global increase projection by 2035. It is a prime time to invest in energy storage with the present combination of application development, consumer interest and global energy trends.

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