I called my friend, clean energy finance expert Bill Paul for some advice the other day. "I have a client with a breakthrough in battery chemistry, and I’m trying to find them a manufacturing partner in the electric vehicles space. Where do you think I should look?" I asked. By the word where, what I meant was at what companies? But what I got from Bill was this: "My first suggestion is that you forget everyone and everything in the United States." He went on, "There’s no money here. More correctly, there’s plenty of money, but it’s not moving. It’s sitting on the sidelines — two trillion dollars of it. Check out Europe. They have their own issues, of course, but at least they’re making investments, and not just sitting around watching the rest of the world fly past them."
I called my friend, clean energy finance expert Bill Paul for some advice the other day. "I have a client with a breakthrough in battery chemistry, and I’m trying to find them a manufacturing partner in the electric vehicles space. Where do you think I should look?" I asked. By the word where, what I meant was at what companies? But what I got from Bill was this: "My first suggestion is that you forget everyone and everything in the United States." He went on, "There’s no money here. More correctly, there’s plenty of money, but it’s not moving. It’s sitting on the sidelines — two trillion dollars of it. Check out Europe. They have their own issues, of course, but at least they’re making investments, and not just sitting around watching the rest of the world fly past them."
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That’s sobering, isn’t it? What are we doing here that’s so dramatically wrong?
For further information: http://blog.cleantechies.com/2011/09/26/why-are-investors-bearish-on-clean-energy/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+cleantechies+%28CleanTechies+Blog%29&utm_content=Google+Reader
