Date : December 19, 2012
Time : Networking starts at 6:00 PM, Panel starts at 7 PM
Location : Sacramento Marriott, 11211, Point East Drive, Rancho Cordova, CA
Cost : Free : RSVP to firstname.lastname@example.org
Topic: CleanTech – A decade after : Where are we headed?
The cleantech industry, at least as the term has come to be defined, is about a dozen years old. That’s adulthood, if not middle age, in technology years, and it hasn’t exactly been a charmed life. The markets for clean energy, transportation, water, and materials have evolved in fits and starts. There’s been a lot of hype, an impressive amount of progress, and a great deal of push back in the form of political controversy and an industry shakeout that is natural to every emerging technology.
Over the past decade (until end of 2010), the venture investments soared from $286 million in 2001 to $3.7 billion in 2010. After this initial euphoria and the subsequent enthusiasm that spanned a decade, starting in 2011, VCs became more cautious and started focusing on investing in later-stage companies than new innovation. We also started seeing a glut in natural gas (and prices are the lowest in as many years) and recently even the IEA reported that US will be the leading supplier of oil in the next decade – all leading to indicate that US will be a topi energy producer in the world.
There is a saying that Necessity is the mother of invention. So given the facts that VCs are cautious in new clean tech investments (and money is drying out) production capacity is increasing significantly in the “traditional” energy space, what will drive the innovation and investment in cleantech and alternative energy over the next few years? In short, where are we headed?
Join a panel of clean tech experts on December 19th as they address this important topic at the December 2012 TechCoire meeting.
- Paul Frankel, Managing Director , California Clean Energy Fund
- Mark Rawson, Sr.Program Manager, SMUD
- Gary Simon, President , Sigma Energy Group
- Mike Rizzo, VP Business Development, Five Star Bank
- Sean Garvey, VP of Communications, Cleantech Partners