I’ve had a number of conversations in the past couple of weeks about the state of cleantech and the various sectors that make it up.
No real answers, just food for discussion.
The IPO market – a few threads that keep perking up. A need for the IPO market in cleantech to get healthy. A general sesne of relief that Solyndra did not get out. Massive skepticism over Tesla’s prospects. All hopes pinned to Silver Spring.
Carbon / Climate change – determination that the oil spill shall not go in vain, so to speak. Jaded lack of awareness about cap and trade and carbon globally replacing the pre-Copenhagen hype, despite that the underlying policies are getting more an more rational, and more and more real work and debate is occuring. Bifurcated Over $1 Billion in smart money acquisitions in carbon in the last 9 months (JP Morgan, Barclays, Reuters, ICE, Bloomberg), the summer solider and sunshine patriots have bailed for now.
Venture capital – growing unease that the 2 and 20 managed money model is broken, and especially broken in cleantech. Growing disbelief at the “picking winners” strategy and the massive hundreds of millions per company from the DOE in its loan guarantee program – inflation comes to cleantech?
A strengthening sense that like CNG was crowded out of the transport discussion by PHEV and ethanol a few years ago, EV and PHEVs are crowding out a market very jaded with the always over the horizon promise of biofuels to replace corn and sugar cane ethanol.
More discussions on water use and technology than I have had in years. But still no answers.
A sense from those who know, that the US shale gas and the BP Horizon spill have the potential to shift the whole debate.
Or maybe it’s just me projecting my feelings on everyone I talk to, or ignoring those saying stupid things! Since I didn’t do a real poll, the world will never now.
Neal Dikeman is a partner at Jane Capital Partners LLC, and the Chairman of Carbonflow. He is the longtime chief blogger of CleantechBlog.com