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Cleantech: Venture firms invest $2 billion in second quarter

July 2, 2010 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Cleantech companies attracted $2.02 billion in venture investments worldwide in the second quarter of this year, according to a preliminary tally released Thursday by the Cleantech Group and Deloitte.

The flow of venture dollars was on par with the first quarter, when $2.04 billion was invested, and was up 43 percent from the same period a year ago.

Biofuels, energy efficiency, smart grid, solar and transportation regularly vie with each other for being the top venture categories. In the first quarter, transportation — which includes electric vehicles, advanced batteries and charging infrastructure — was the leading cleantech sector.

By Dana Hull

[email protected]

Full Story: http://www.mercurynews.com/business-headlines/ci_15420325?nclick_check=1

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