Venture Capital Investment in Green Technologies Rebounds With $1.2B in Q2 2009

Greentech Media Reports 85 Deals Made in the Quarter, Signaling a Quiet Recovery
in the Greentech Sector
CAMBRIDGE, Mass.--(Business Wire)--
Greentech Media Inc., the industry-leading online media company covering green
technology news and analysis, released the most recent quarterly data showing
that venture capital investment in green technologies totaled $1.2 billion in 85
deals in the second quarter of 2009. This is up from $836 million in 59 deals in
the first quarter of 2009.

"The recent quarter`s balanced distribution of sectors that attracted capital
underscores cleantech`s breadth and diversity of opportunity, one of the key
drivers behind why cleantech remains an enduring area," said Ira Ehrenpreis,
General Partner at cleantech VC, Technology Partners.

Solar power was once again the leading investment segment at more than $330
million. Unlike previous quarters - the second quarter saw a much more balanced
distribution across the various sectors with a marked increase in automotive
(more than $202 million) and energy storage (more than $180 million).

Q2 2009 Greentech VC Investments by Sector

Greentech Sector Total Q2 VC Funding Number of Deals
Solar $333.4M+ 17
Automotive and Transportation $202.5M+ 8
Biofuels, Gasification, Cleaner Coal $195M+ 12
Batteries, FCs, Energy Storage $181.5M 10
EE, DR and Smart Grid $101.4M+ 11
Lighting $47.3M 8
Green IT $34M 2
Wind and Geothermal $22.2M+ 4
Water $16.8M+ 4
Carbon Markets / Energy Monitoring $16.68M 3
Green Buildings $7.5M 3
Miscellaneous $14.45M 3
Q2 VC Totals $1,172.8M+ 85

One of the drivers for steady second quarter venture investment was the promise
of stimulus monies offering startup investors a non-dilutive funding source.
Meanwhile, early-stage and late-stage investments dominated, while mid-stage
funding was harder to come by, and the average round sizes were slightly
smaller. There were no giant $100 million+ solar or biofuel rounds as in 2008.

"Despite the economic slump, VC investors remain optimistic about the greentech
sector and eventual exits in this space," said Eric Wesoff, senior analyst at
GTM Research and author of the Greentech Innovations Report, a monthly guide to
investments and technology trends in greentech.

John Rockwell, founder and Managing Director of Element Partners adds, "The
growing belief that credit markets and the economy are on the road to recovery
has investors back in the market. Greentech markets are massive and diverse and
investors are starting to pour additional money into the next wave of greentech
opportunities."

"2009 will be a year of consolidation and development while 2010 and 2011 will
be the year greentech breaks. Expect to see IPOs and acquisitions of VC funded
firms in solar, smart grid, green buildings and biofuels," Wesoff added.

Additional details about this report, priced at $195.00, can be found at the
following link:
http://www.gtmresearch.com/report/q2-2009-greentech-deal-summary-vc-ma-ipo

About Greentech Media

Greentech Media is an integrated online media company designed to deliver the
highest-quality content in the industry, whether it is research, news or
critical networking events. Greentech Media is headquartered in Cambridge,
Mass., with operations in New York City, San Francisco and Munich. For more
information, visit http://www.greentechmedia.com.

About the Greentech Innovations Report

The Greentech Innovations Report presents exclusive market research on the
global greentech market's critical developments and emerging sectors, prepared
by our analysts and industry experts and available only to Greentech Innovations
subscribers. In addition to covering topical green technology markets and trends
on a monthly basis, The Greentech Innovations Report provides ongoing tracking
of venture capital, private equity, unique investors and important financial
developments in the market each month, plus quarterly and annual summaries of
venture investing in greentech. For more information, visit
http://www.gtmresearch.com/list/category/greentech-innovations/.

Greentech Media Inc.
Eric Wesoff, 650-346-5600
wesoff@greentechmedia.com
www.greentechmedia.com

Copyright Business Wire 2009