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California Clean Energy Fund

One of the better bits of fallout from recent energy troubles in California is the implementation of the California Clean Energy Fund, a $30 million investment fund to seed new companies focusing on clean renewable energy production. Profits from the investments would be fed back into the fund, which would otherwise operate as a non-profit organization. Three leading venture capital groups -- Nth Power, Draper Fisher Jurvetson and VantagePoint Venture Partners -- will manage the investments. More details at the SF Chronicle and Businesswire.

(Via GCC and Ken Novak)


This page contains a single entry from the blog posted on March 14, 2005 3:12 PM.

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