US Government: The New Cleantech Venture Capitalist

Fisker Automotive, which is a two-year-old cleantech business, which still has not sold a car, has just received US$528mn in federal government funding. This article examines the reasons why cleantech has suddenly become sexy in the eyes of the US government. While VC firms have only invested US$2.7bn in the cleantech sector in the first nine months of 2009, the US Department of Energy (DOE) has spent US$13bn on loans and grants to cleantech businesses. The VC industry, which has long set the trends of the cleantech sector, is now sharing influence with the DOE in what has become a

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