GREEN-tech experts reckon 2010 will be dominated by investments in energy efficiency, so claims the Silicon Valley Mercury News.
The US government is certainly driving energy efficiency with US Energy Secretary Steven Chu usually describes himself as an “energy-efficiency nut.”
Venture capital investment in energy efficiency hit a record in 2009: at least 115 deals worth nearly $1 billion, according to a preliminary tally by the Cleantech Group and Deloitte. That’s an increase of 39 percent from 2008. In comparison, solar was down 64 percent from 2008, and there’s increasing talk about solar being “overfunded.”