According to a new report by Ernst & Young, U.S. venture capital (VC) investments in cleantech rose by 73 percent, to $1.1 billion, in the third quarter of 2011, in spite of a global slowdown in investment in most other business venues -- with the notable exception of Internet ventures and health care.
Touted when first announced in January of 2010 as “likely to create hundreds of jobs”, the world’s largest wood pellet plant – a joint effort between German firm RWE Innogy (ETR:RWE) and Swedish firm BMC – cost $170 million to build and occupies about 300 acres in the Waycross (Georgia) Industrial Park. RWE Innogy delivers renewable energy in Europe. BMC is a project and technology development company vested in wood-based biomass.
The American Council for an Energy-Efficient Economy's 2010 State Energy Efficiency Scorecard shows the United States took major strides in energy efficiency this year, despite failing to pass new energy policy.
A new report this month, under the auspices of the Center for American Progress – a nonprofit, nonpartisan think tank – and Energy Resource Management Corp. (an energy investment firm), states that energy efficiency is one of the most promising paths to jumpstarting the faltering economy and creating jobs.