Massachusetts Hydrogen Coalition Reports Local Companies Receiving More than $50 Million in Venture Capital
Saturday, November 05, 2005
""The clean energy movement in Massachusetts is beginning to generate significant venture capital," said Brad Bradshaw, President of the Massachusetts Hydrogen Coalition (http://massH2.org). "Several local companies, including Protonex, Green Fuel Technologies, Konarka, and Lilliputian, among others, have collectively raised more than $50 million in venture funding in just the past 18 months. By 2014, the market for renewable energy is projected to grow at $100 billion, according to independent analyst firm CleanEdge, Inc." Mr. Bradshaw added, "This is just the beginning of a significant Massachusetts business segment driven by hydrogen, fuel cell and other clean energy technologies. At the November 7th Hydrogen and Fuel Cell Summit in Boston, Governor Mitt Romney will meet with the Massachusetts Hydrogen Coalition, opening a dialogue that will lead to expanded clean energy Activities in the Commonwealth."" Source: fuelcellsworks.com
posted by Frank @ 10:33 AM,
