Emailing "SoCal Tops in Cleantech Funding"
Of the $1.6 billion in cleantech funding during the third quarter (a record in and of itself), $363.5 million went to firms in Southern California, according to figures from Ernst & Young.
socalTECH.com reports:
Within the clean technology industry, energy and electricity generation companies took the largest amount of funding, with $1B in investments, $990M of those in solar. Santa Monica-based SolarReserve was among the top deals in that segment, with $140M invested in a second round funding.
It will be interesting to see what effect, if any, of October's economic turmoil has on Q4's figures.