Monday, March 12, 2007

Austin, TX crowned Clean Tech City

The top five U.S. cities for clean technology have been named by
SustainLane Government, an online site of sustainable resources for government, business, and consumers.

Austin, Texas has won the number one spot. The city is home to seven start-ups blazing the way for technologies like Internet-controlled irrigation, wind power, and is a leading city for cleantech investments. Austin supports clean energy companies with the help of the Clean Energy Incubator, a university- and government-funded project providing resources for new businesses to become competitive and attract funding. Austin also has a research and development partnership with the University of Texas and a collaboration with Austin Energy for testing new cleantech technologies.

According to GreenBiz News, "cleantech" includes the following criteria:

  • Energy generation, management, storage, and energy efficiency, including solar, wind, geothermal, fuel cells and hydrogen.
  • Advanced transportation technologies and biofuels.
  • Materials and Green Building, including advanced materials and engineering approaches, materials recovery.
  • Water- and air-related technologies.
The other cities rounding out the top five were San Jose, CA; Berkeley, CA; Pasadena, CA; and Greater Boston, MA.

Cleantech is gaining acceptance as a defined investment category amongst venture capital firms. According to CleanTech Ventures, cleantech companies received a record $2.9 billion out of $25.5 billion investments in the U.S. in 2006.

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