Monday, January 10, 2005

Silicon Valley & Venture Capitalists Look For Renewable Enegy Breakthroughs

Via (subscription required) comes this report on Silicon Valley's new interest in renewable energy technology:

Until recently, the energy business didn't hold much appeal for Silicon Valley entrepreneurs -- too old-world, too regulated, too, well, unenergetic.

That's changing fast.

As the price of oil soars and China's insatiable appetite for growth sparks a race to sign energy contracts, valley start-ups are realizing there could be real profit in alternative energy. The challenge to make technical breakthroughs -- and good money -- is drawing eager scientists. And all this is turning the heads of leading venture capitalists.

UPDATE: Fuel Cell Works has a copy of the article that does not require subscription.

No comments: