Today in Cleantech

Ernst & Young released its 2011 cleantech VC investment numbers this morning. The headline is that investment declined 4.5 percents to $4.9 billion in 2011, though Jay Spencer, Ernst & Young’s Cleantech Director, remains somewhat bullish, saying that “more money will flow into the sector.” Spenser also think 2012 numbers will be comparable to 2011. I’m much less optimistic there, mainly because I’m in the camp of Ira Ehrenpreis, an investor at Technology Partners, who spoke this morning at the Clean-Tech Investor Summit, saying  “While I’ve never been more bearish on US cleantech, I’ve never been more bullish about global cleantech.” The opportunities in this market are foreign, particularly India, China, Japan and Eastern Europe. And I think the domestic market has a rough few years ahead of it.