Cleantech Venture Investment Soared in 2007—Bay State a Distant Second to California

Source: All data is from VentureSource, except information in italics, which has been partly or wholly filled in by Xconomy.

State Rankings by Dollar Value

1) California—$1.3 billion
2) Massachusetts—$273 million
3) Washington—$175 million
4) New Mexico—$130 million
5) Texas—$101 million

State Rankings by Deal Number

1) California—66
2) Massachusetts—11
3) Colorado—8
4) Washington—8
5) New York—7

Top Areas of Cleantech Investment

Sector Investment Size Deals
Solar $693 million 27
Transportation $311 million 6
Biofuels $265 million 17
Power & Efficiency Management $163 million 11
Agriculture $128 million 6
Natural Gas $120 million 3
Fuel Cells $98.5 million 8
Energy Efficiency Products $93 million 13
Construction $80.5 million 6
Batteries $76 million 5

New England’s 10 Biggest Cleantech Deals

GreatPoint Energy, Cambridge, MA—$100 million
Boston-Power, Westborough, MA—$45 million
Konarka Technologies, Lowell, MA—$45 million
A123 Systems, Watertown, MA—$40 million
Premium Power, North Andover, MA—$21 million
Lilliputian Systems, Woburn, MA—$20 million

Advanced Electron Beams, Wilmington, MA—$17.5 million
Unnamed company, Plymouth, MA—$15 million
groSolar, White River Junction, VT—$10 million
Ze-Gen, Boston—$5.65 million
Second Wind, Somerville, MA—$4 million

Author: Robert Buderi

Bob is Xconomy's founder and chairman. He is one of the country's foremost journalists covering business and technology. As a noted author and magazine editor, he is a sought-after commentator on innovation and global competitiveness. Before taking his most recent position as a research fellow in MIT's Center for International Studies, Bob served as Editor in Chief of MIT's Technology Review, then a 10-times-a-year publication with a circulation of 315,000. Bob led the magazine to numerous editorial and design awards and oversaw its expansion into three foreign editions, electronic newsletters, and highly successful conferences. As BusinessWeek's technology editor, he shared in the 1992 National Magazine Award for The Quality Imperative. Bob is the author of four books about technology and innovation. Naval Innovation for the 21st Century (2013) is a post-Cold War account of the Office of Naval Research. Guanxi (2006) focuses on Microsoft's Beijing research lab as a metaphor for global competitiveness. Engines of Tomorrow (2000) describes the evolution of corporate research. The Invention That Changed the World (1996) covered a secret lab at MIT during WWII. Bob served on the Council on Competitiveness-sponsored National Innovation Initiative and is an advisor to the Draper Prize Nominating Committee. He has been a regular guest of CNBC's Strategy Session and has spoken about innovation at many venues, including the Business Council, Amazon, eBay, Google, IBM, and Microsoft.