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Lead by Silicon Valley, California’s clean tech sector is maturing

Date
21 March 2013
Lead by Silicon Valley, California’s clean tech sector is maturing

NEW YORK: California’s clean technology sector is both diversifying and advancing, according to a new report which tracks economic indicators related to the state's low carbon policies.

The annual report, 2013 California Green Innovation Index by local organization Next 10, shows that the state’s clean tech sector is maturing through increased jobs, patent registrations and energy productivity.

Key findings include:

  • Clean tech patent registrations in California increased 26% between 2010 and 2011, outpacing patents of the same kind in the rest of the US (10%) and the rest of the world (5%)
  • Silicon Valley attracts most clean tech venture capital in California, with 45% of the state’s US$2.6 billion total in 2011
  • Not including Silicon Valley, the San Francisco region was overtaken by Orange County, which boasted 22% of California clean tech venture capital investments in 2012, totalling US$570 million.

The state’s carbon intensity, which is the amount of greenhouse gases emitted from the production of each dollar of goods, is also declining.

Dan Adler, Next 10 advisor and President of CalCEF Ventures said: “Despite one tough year, California’s clean economy businesses are resilient. They are tapping new financing sources and will continue to be top national and international draws for investment.”

Co-author Doug Henton, Chairman and Chief Executive Officer of Collaborative Economics said: “Patent registration data is an early indication of the direction markets are heading. […] This data signals a strong potential for healthy economic activity in these sectors in California in the years to come.”

Dasha Rettew, Head of Member Engagement, The Climate Group said: “California’s clean tech industry continues to race ahead. To gauge the scale of the state’s commitment, we’ve partnered with US Department of Energy's EERE to create the Free Energy Data tool (FRED), a free, open source, web-based platform that will visualize local data and EIA information from across the country to analyze energy flows, compare and benchmark with peers, and prioritize efforts to reduce energy spending.”

The US Department of Energy’s Office of Energy Efficiency and Renewable Energy, in partnership with the Pacific Northwest National Laboratory, the National Renewable Energy Laboratory, the Planetary Skin Institute and The Climate Group, will launch the Free Energy Data (FRED) platform for local, state and regional energy planners this spring.

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By Clare Saxon

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