An escalating crisis at nuclear power plants in Japan following a massive earthquake and tsunami has not changed the investing thesis about clean technology, according to a number of leading venture capitalists and researchers.
Fears of a meltdown at the Fukushima nuclear power plant in Japan sparked a new wave of criticism of nuclear energy — and a rally in clean-energy stocks on Monday. But that interest quickly waned as stocks in the sector dropped back from that day’s highs as the stock market experienced a broad sell-off.
And that brief surge of interest never touched the private investment community, because venture capitalists typically focus on longer-term plays, said Steve Minnihan, a partner at Lux Research, a firm which specializes in cleantech.
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Author: Matthew Lynley
