Why alternative energy market is hot: $130 billion to be created in 8 years
Updated
If you can believe its numbers, Clean Edge, an alternative energy research group, is showing that an additional $110+ billion market will be created in alternative energies (fuel cells, biofuels, wind power and solar) over the next eight years. That’s more than $13.5 billion each year. Where else in the global economy are you going to see such creation? Where else are venture capital firms going to find companies to invest in that can target a $1 billion market? Beats us. That’s why Doerr & Co. are beating the drum.
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| (Courtesy Red Herring) |
(Via Rob Day)
Energy costs now take up 6.2 percent of household spending (registration required) in the United States, up from 4.2 percent just a few years ago, and represents a 15 year high.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
