Siemens AG (SIE) , ABB Ltd. (ABBN), General Electric Co. (GE) and Mitsubishi Corp. (8058) are among the Fortune 500 (FFX) companies competing over clean energy investments, and there will be more acquisitions as the industry matures, according to Chrysalix Energy Venture Capital.
They “have really realized that cleantech now is becoming accretive to their bottom line,” Wal Van Lierop, chief executive officer of Vancouver-based Chrysalix, said in a telephone interview. “That has resulted in an arms race for the best cleantech opportunities.”
Venture and private equity investments globally in clean energy totaled $8.9bn in 2011, an increase of 4 per cent from a year earlier, according to Bloomberg New Energy Finance. Chrysalix tied with Kleiner Perkins Caufield & Byers for the most venture deals done, with 16, data from the London-based research group show.
Companies are showing more interest in early-stage investments to get “access to the deal flow of the future, providing them with a window on new opportunities for their core business,” Van Lierop said. Chrysalix recently received unsolicited investments from three multinational companies consistent with that strategy, he said.
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