Wednesday, April 4, 2007

Investors look for greener pastures in Silicon Valley

There is a lot of new investment and research and product development in clean energy technology in Silicon Valley.

Cleantech Venture Network, an industry trade group, estimates that clean energy investment in Silicon Valley topped $500 million last year, including not just venture capital but also corporate and some debt financing.

...Forty-year-old Applied Materials, the biggest supplier of tools for making microchips, added solar cell manufacturing to its repertoire last year, and is equipping its Sunnyvale research center in Silicon Valley with one of the largest sun-powered energy systems in the United States.

Article Reference: