California Is Putting the Green in Green Technology

The tallies are in. Almost $4 billion in venture capital spending went to green technology in North America in 2007-- a 38% year-over-year jump. $1.38 billion of that-- almost 45%-- went to California companies.

Is this a legitimate trend or a bubble? Only tme will tell but in a survey last month by the National Venture Capital Association, 61% of venture capitalists said that the green tech sector will overvalued this year.

So where does energy generation stand within this larger green tech sector? According to the San Francisco Chronicle, "In 2007, companies that specialize in energy generation - devising biofuels or new solar panels, for example- pulled in more venture capital than any other green tech companies in North America and Europe."

California scores nearly half of North American green tech capital [San Francisco Chronicle]