Q3 2005 Cleantech investment increases 15% to $425 million

Largest Cleantech Quarter Ever, Cleantech Grows to the Sixth Largest Venture Capital Investment Sector

• ANN ARBOR, MI, December 8, 2005 – According to the Q3 2005 Cleantech Venture
• MonitorTM, cleantech investment totaled more than $425 million in 69 separate Q3 deals. This is
• the largest quarter ever recorded for the cleantech category, representing a 15.3% increase from
• Q2 2005. In the 3rd quarter of 2005 Cleantech captured 8.1% of the $5.263 billion of venture
• capital invested in North America overall, up significantly from 6.1% in the previous quarter.
• Cleantech now ranks 6th in size behind Software, Biotechnology, Telecommunications, Medical
• Devices and Equipment and Semiconductors. The Monitor is compiled by the Cleantech Venture
• Network LLC, a for-profit membership organization bringing insight, opportunities and
• relationships to investors, entrepreneurs and service providers interested in clean technology.
•  
• “The cleantech sector continues to garner increased attention from major companies, including
• the recent announcement by British Petroleum to commit more than $8 billion over the next ten
• years into alternative and renewable energy, we will continue to see the tremendous growth
• reflected in the Q3 2005 numbers,” said Nicholas Parker, chairman and co-founder of the
• Cleantech Venture Network LLC. “As we look forward to the year ahead we believe that we will
• see the number and range of capital committed to cleantech deals continue to grow at an
• exceptional, but measured tempo.”
•  
• “In late October Cleantech Venture Forum VIII in Washington DC attracted more than 300
• attendees and featured cleantech comments and observations from Senator Hillary Rodham
• Clinton, Under Secretary of Energy David Garman and William McDonough among many other
• insightful presentations,” said Keith Raab, CEO and co-founder. “We are thrilled to bring the
• Cleantech Venture ForumTM back to San Francisco in 2006. The event will again be held at the
• San Francisco Marriot from March 21-23, as we look to continue the organization’s successful
• cleantech deal flow services and research efforts into the New Year.”
•  
• The most active investor in Q3 was EnerTech Capital with five investments in the quarter.
• Chrysalix Energy, Draper Fisher Jurvetson and Kleiner, Perkins, Caufield & Byers participated in
• a total of three financings each.
• Key Q3 2005 Statistics:
• · The Return of the Northeast: In an upset the Northeast reclaimed its number one position in
• cleantech investment with a record setting $141.4 million
• · West Coast Depression: West Coast investment slipped to less than 10% of total capital
• committed to cleantech at $41.0 million, the lowest recorded quarter for the region since Q4
• 2002
• · Energy Continues to Dominate: Q3 energy related investment increased 32.5% from Q2
• capturing 59% ($251 million) of total cleantech investment, 38 of the 69 Q3 investments
• were energy related
• · Water and Materials Doubles: Water Purification and Management ($61.5 million) and
• Materials Recovery and Recycling ($29 million) both saw increased investments increasing
• more than 50% respectively
• · Materials and Nanotechnology Falter: Investment in materials and nanotechnology
• declined to $28.7 million in investment over only eight investments
• · Environmental IT Slow to Build on 2004 Growth: With one Q3 deal, only 5 investments
• have been made in the sector in 2005 for a total of under $20 million combined, after a total
• of $60.3 million was invested into the category in 2004
• 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. The organization’s mission is to accelerate the next and necessary wave
• of venture innovation and investment.
•  
• Cleantech Venture Network serves more than 900 affiliate investor member firms worldwide.
• The organization has 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
• cleantech to apply for membership as a Company or Investor. Companies should contact Lauren Bigelow at
• lauren@cleantech.com and investors should contact Keith Raab at keith@cleantech.com