SACRAMENTO, Calif. /California Newswire/ — Yesterday (Tues.), Governor Arnold Schwarzenegger issued the following statement after Ernst & Young LLP released an analysis on U.S. venture capital investment in clean tech companies in quarter two of 2010, which showed that California received the majority of the $1.5 billion in total investment:
“From electric vehicles to solar, California companies continue to lead the U.S. in venture capital investment; raking in the vast majority of the $1.5 billion invested last quarter. It is California’s nation-leading green policies such as AB 32 and the Low Carbon Fuel Standard that have spurred the expansion of innovative clean tech companies in our state – and those companies are continuing to prove their viability by luring in millions of venture capital dollars. The green economy will play a vital role in our state’s overall recovery, and the strength of the second quarter investment provides evidence that we are on our way.”
Today’s analysis follows up on a July 7 preliminary release from Cleantech Group and Deloitte showing that California’s clean tech companies received the highest venture capital funding in the second quarter of this year.