The cloud may have driven down the cost of bandwidth and computing instances dramatically, but engineers shouldn’t take this as carte blanche to be wasteful with resources, said Intel’s GM of high density computing, Jason Waxman, at GigaOM’s Structure conference in San Francisco on Thursday.
Will huge returns on social media investments — like Groupon, LinkedIn or Pandora — help make up for underperforming greentech investments in a venture firm’s portfolio? If so, perhaps this gives firms time — and wiggle room — to keep up their cleantech investing.
While Google has been at the forefront of cutting-edge green data center technology, with experimental projects like its seawater-cooled data center, Google’s big message at its second data center efficiency summit: There’s no magic involved with greener data centers.
Greentech feels like it’s hit a slump recently, but as Saul Griffith recently said: the future of the planet needs to sound awesome for kids, while also combined with science-based realism. Here’s 7 reasons why I’ve been worried lately, followed by 7 things to still get excited about.
Former CIA Director, and colorful energy security advocate, Jim Woolsey has left greentech firm VantagePoint Venture Partners, and has joined East Coast firm Lux Capital as a partner, focused on investing in energy technologies.
The next big driver of cleantech innovation won’t come from the hardware side, Sunil Paul of Spring Ventures said at the Green:Net conference Thursday. The next big wave will be in the “CleanWeb,” which marries information technology and the social web with green initiatives.
Like I mentioned yesterday, GM swung to a profit and courted Google to provide Android for the Chevy Volt. Now, an interesting statistic has emerged: over half of GM’s patent filings last year involve green technologies. Does this make the automaker’s upcoming public offering a stealth cleantech IPO?
With most of the world still reeling from the global financial crisis, China shows no signs of slowing down. And, despite charges of obstructionism at the Copenhagen climate summit, the People’s Republic is steadily taking the lead in cleantech and the green economy.
When private investment in cleantech fell last year, government stimulus programs more than made up the difference, according to estimates that the Cleantech Group released at the Cleantech Forum in San Francisco this week. And no government is doing more to fill the gap than China’s. China has set aside a whopping $200.8 billion in stimulus funding for cleantech, 79 percent more than the $112.2 billion the U.S. stimulus funds have allocated to the industry, according to the latest Stern report released last year. (Estimates of U.S. green stimulus funding have varied broadly, with many ranging between $50 billion and $80 billion as of last year with $36.7 billion allocated to the Department of Energy.)
A chart that Sheeraz Haji, president of the Cleantech Group, presented Thursday shows that while worldwide private investment in cleantech fell below $150 billion in 2009, from just above $150 billion the previous year, global stimulus spending added an estimated $76 billion to the total pool of cleantech funding in 2009 and is expected to reach $182 billion this year (see chart, above). The chart is based on analysis from the Cleantech Group, as well as numbers from the World Economic Forum, the International Energy Agency’s World Energy Outlook, Bloomberg’s New Energy Finance and HSBC.
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