Cleantech investment increases for the fifth consecutive quarter

Cleantech Venture Capital Totals $369 Million in Q2 2005

• ANN ARBOR, MI, September 13, 2005 – According to the Q2 2005 Cleantech Venture
• Monitor, investment in cleantech totaled $369 million in 55 separate Q2 transactions, as overall
• capital devoted to cleantech increased by 9% from Q1 2005, the fifth straight quarterly increase
• for the category. For the first half of 2005 more than $705 million has been invested in cleantech,
• up 21% over the same period last year. The Monitor is compiled by the Cleantech Venture
• Network LLC, a for-profit membership group that connects venture capitalists, institutional
• investors and entrepreneurs.
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• With the third and fourth quarters typically experiencing higher cleantech investment volumes,
• Cleantech Venture Network conservatively forecasts that it is likely that more than $1.5 billion
• will be invested into cleantech deals in 2005, which is a projected annual increase of 25%.
• Additionally, investors are increasingly doing cleantech deals. In the first half of 2005, 229
• investors did at least one cleantech venture transaction, including 118 in Q1 alone.
•  
• “Over the past six months we have seen a convergence of landmark events that are driving
• investor interest and activity in cleantech, from the ratification of the Kyoto Protocal to the
• announcement by General Electric of its multi-billion dollar ‘Ecomagination’ initiative. In May
• alone, 27 institutions announced a variety of initiatives to invest more than $1 billion into
• cleantech ventures,” said Nicholas Parker, chairman and co-founder of the Cleantech Venture
• Network LLC. “As we look forward to Cleantech Venture Forum VIII in Washington DC,
• October 24-26, we see rising and unstable oil prices, recent US energy legislation and the sad
• effects and lessons of Hurrican Katrina driving further investor interest into cleantech.”
• “In response to the needs of our members and the broader venture community, over the coming
• weeks and months we are launching a significant set of new products and services, including
• continued international expansion,” said Keith Raab, CEO and co-founder. “We are enhancing
• our research, services and events to provide our members with more valuable insight, additional
• opportunities to establish and develop valuable relationships.”
•  
• The most active investors in Q2 were RockPort Capital Partners, Mohr Davidow Ventures, and
• Draper Fisher Jurvetson, each participating in three cleantech financings. Altira Group, New
• Enterprise Associates, Odyssey Venture Partners, OnPoint Technologies, SAM – Sustainable
• Asset Management, and Venture Capital Fund of New England participated in two deals each.
•  
• In Q2 energy related investment remained strong as the segment captured more then half of the
• cleantech total, weighing in at $189.4 million. Of the 55 total investments for the quarter, 28 went
• into energy related companies. Energy technology was followed by the Materials and Nanotech
• segment which received more than $95 million. Interestingly, the four largest deals of the quarter
• – Aspen Aerogels, Nanosolar, NeoPhotonics and Energy Innovations - together accounted for a
• third of all capital deployed in the cleantech category in the past quarter.
• About the Cleantech Venture Network, LLC
• The Cleantech Venture NetworkTM LLC is a for-profit membership group that connects venture,
• corporate and institutional investors, entrepreneurs and service providers interested in
• clean technology through related information products, online services and the Cleantech
• Venture Forum series of events. Our mission is to accelerate what we believe is the next
• and necessary wave of venture innovation.
•  
• We serve over 900 affiliate investor member firms worldwide. We have tracked more
• than $4.2 billion invested in cleantech ventures since 2002, of which over $340 million
• has been raised by Cleantech Venture Forum presenting companies. Cleantech Venture
• Network has offices in Canada, Europe and the US. Further information can be found at
• www.cleantech.com or by calling (+1) 517-223-9607.
•  
• Cleantech Venture Network invites companies and investors engaged in commercializing or
• investing in cleantechto apply for membership as a Company or Investor. Companies should
• contact Lauren Bigelow at lauren@cleantech.com and investors should contact Cheryl Blain at
• cheryl@cleantech.com.