First-ever Clean Energy Ministerial

Tuesday, July 27th, 2010

For the first time, the energy ministers of 24 industrial and threshold countries came together in Washington last week, to discuss energy efficiency and renewable energy. 11 initiatives were launched during the meeting to address these issues. The projects include electric vehicles, solar energy, smart grids and household appliance efficiency.

Everyone at the conference has agreed that the issue of renewable energy is extremely important and many proposed a doubling of investments in clean technologies, but no actual financial commitments were made. These meetings will now be held on an annual basis, the next one scheduled for the United Arab Emirates and the 2012 meeting is set to take place in the United Kingdom.

One important initiative created at the meeting was the Carbon Capture, Use and Storage Action Group. This group aims to establish infrastructure around the world for carbon-capture-and-storage (CCS) by 2020. Germany will be a part of this initiative, as well as the following three other: the Electric Vehicle Initiative, the super-efficient equipment and appliance deployment initiative and it will head the Multilateral Solar and Wind Working Group, together with Denmark.

If you would like more information about the meeting and the initiatives, you can read the following article: http://nyti.ms/aMEgVd

4 Important Factors when Raising Funds

Thursday, July 8th, 2010
  1. Market. This is possibly the most important factor to consider: is there market demand for your product? If there isn’t you will have a chance even with a mediocre product, however, if there is already a strong market, even an extraordinary product might not do the trick.
  2. Momentum. You have to continuously show that you are working on your product. You need to have people using your product, not just once, but also coming and a good marketing strategy. This will indicate that you have some traction in the market.
  3. Team. You need to have a reliable team around you. Only hire people you know and that will stand behind your product and work on it with 100% effort.
  4. Naysayers. If people are saying what you are attempting can’t be done, that is a good sign. It means that they don’t know how to do it and as a result you know you have discovered something new.

For a more detailed account please see http://bit.ly/d99jDF

Common EU Standards for Electro mobility are taking shape

Tuesday, July 6th, 2010

Last week, vice president of the European Commission, Antonio Tajana, initiated a mandate to the European norms organisations CEN, CENELEC and ETSI, to create EU-wide standards for charging stations of electronic cars.

Such unified standards will allow electronic cars to cross borders without major complications. Some of the most important points of discussion are standardized plugs, battery standards and general safety standards.

65% Rise in Clean Tech VC Investment in the first half of 2010

Monday, July 5th, 2010

The trend is continuing as once again we see a rise in Clean Tech investment. The preliminary results for the second quarter of 2010 show a total investment of 2.02 billion USD in 140 different companies. There was a slight decrease compared to last quarter (2.04 billion USD), but an increase of 65% in the first half of 2010 (4.02 billion USD) compared to the same period last year.

The forerunner of the investment increase was the solar sector with 811 million USD alone. This is far ahead of the money put in the biofuels (302 million USD) and the smart grid (256 million USD) industries. Based on the total number of deals, the solar sector was second to energy efficiency, the former having accumulated 26 deals and the latter 31 deals.

North American countries accounted for the largest amount of the total investment, namely 72 percent of 1.46 billion USD. European follows in second with 24 percent or 476 million USD. India (3 percent or 59 million USD) and China (2 percent or 30 million USD) follow in third and fourth respectively.

For more detailed information please visit http://bit.ly/bCrWhR