Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

VC spending for alternative energy tumbles 63 pct

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Environment/Energy Donate to DU
 
phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-12-09 10:56 AM
Original message
VC spending for alternative energy tumbles 63 pct
NEW YORK – Venture capitalists reined in spending on renewable energy to begin the year, with funding for research and startup projects falling 63 percent through March, according to an industry report released Monday.

(...)

There were a few surprises, however, with some comparatively big money going toward the critical technology of storing energy. New investments more than doubled to $114 million, making energy storage the biggest lure among venture capitalists in early 2009.

http://news.yahoo.com/s/ap/20090511/ap_on_bi_ge/us_venture_capital_energy;_ylt=AoGIyJh4hiEWueXdYjEsAtdpl88F
Printer Friendly | Permalink |  | Top
rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-12-09 11:01 AM
Response to Original message
1. Geez, I thought the Viet Cong were at work again...
freakin' flashbacks!
Printer Friendly | Permalink |  | Top
 
madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-12-09 04:32 PM
Response to Reply #1
3. I was afraid to click on this at first too
Printer Friendly | Permalink |  | Top
 
JohnWxy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-12-09 04:28 PM
Response to Original message
2. big increases in storing energy, and fuel cells sectors.

There were a few surprises, however, with some comparatively big money going toward the critical technology of storing energy. New investments more than doubled to $114 million, making energy storage the biggest lure among venture capitalists in early 2009.

The fuel cell sector attracted $45 million in the first quarter, compared with none a year earlier, according to the analysis released Monday.

Printer Friendly | Permalink |  | Top
 
JohnWxy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-12-09 04:59 PM
Response to Original message
4. I estimate invesments in new stock issues down 82% for all corporations.
From Qtr I: 2008 to Qtr I: 2009, based on Federal Reserve data. (based on 'offered at' prices)

Fed Res data: Jan 2009 & Feb 2009 new stock issues, in millions of $s

Fed Res data: new stock issues May thru Dec 2008

Jan & Feb 2009 = 6.7 Billion (couldn't get data for April). Average = $3.3 Billion per month
May thru Dec 2008 = $132 Billion
For all 2008 = $207 Billion
Difference total minus (May thru Dec) 2008 = $74.7 Billion average for (Jan - April) = $18.7 Billion per month

3.3/18.7 = .18
1 - .18 = - .82 ~ 82% decline.


so VC investment isn't doing too bad.

Memo to ERNEST SCHEYDER, AP: Remember to put things in (the proper) perspective.

Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Oct 31st 2024, 06:39 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Environment/Energy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC