The Cleantech Forum opened in San Francisco on Monday, but the focus was decidedly elsewhere.
In his keynote speech, Kleiner Perkins Caufield & Byers Partner John Denniston wasted little time in making the point that clean technology companies — driven by low costs and government subsidies — are booming in China, India, Korea and other locales outside of the U.S.
“This is a global game,” he said, noting that of the top 10 companies each in solar, wind and advanced batteries, just four of those 30 are in the U.S. Denniston, whose Kleiner colleague Ray Lane earlier this month said the firm is devoting one-third of its business to energy for the next 50 years, said Kleiner doesn’t earmark a specific amount to invest each year in cleantech companies.
To read the full, original article click on this link: At Cleantech Forum, Investors Thinking Outside U.S. Borders - Venture Capital Dispatch - WSJ
Author: Lizette Chapman
