Despite the difficult economy, the alternative energy industry is still seeing a boom in investment and sales growth. With the economic times as they are, many companies are seeking to increase their energy efficiency, especially since the Obama administration may impose stricter energy regulation requirements and also increase spending.
Many start-ups in the alternative energy field are getting increased financing form venture capitalists and other lenders, which of course translates into staff hiring and increased sales and marketing efforts. This sector is one of the brightest in venture capital-clean tech investments were up 40% from 2007.
Of the various sub sectors within clean tech, solar still represents the lion’s share of the venture capital investments-roughly 40%. Biofuels and transportation follow with 11% and 9.5% respectively.
Check out http://cleantech.com/ for more information on investments and events in this sector.