Reports show that new technology that will pave that way to a clean future continues to be produced, yet the well has mostly dried up in terms of investment. But the money is starting to return.
E&E news reports that Colorado company Mallina has created a special resin that can create specialized plastics and carbon fiber faster and at lower temperatures than currently possible. It can be reshaped, repaired and recycled with ease. This saves energy and reduces waste at the same time, creating new possibilities in manufacturing.
But this sort of project is one that has gone sour in the past. Venture capitalists prefer profits within three to five years, but this project would take quite a bit longer to be developed and implemented. Some reports even suggest that clean technology is too risky to invest in. An eye-opening statistic from the E&E News story says, “A report earlier this year from the MIT Energy Initiative found that the $25 billion spent on clean tech between 2006 and 2011 resulted in investors losing more than half their money.”
Yet other reports are more encouraging, with capital investment in early-stage clean tech in 2015 climbing to $384 million, up from an average of around $240 million. You could say that clean technology has been viewed as a kind of lemon in the market over the past few years, but now venture capitalists are realizing they can make some lemonade from it, and the results can be sweeter than initially expected.