Cleantech IPOs have been few and far between in the past several years, according to a recent article by Xconomy‘s Bruce Bigelow. Yet judging from the companies that have gone public in the first half of 2011, there are specific sectors that are thriving more than others.
In total, 11 cleantech companies went public in the second quarter, raising $1.99 billion.
“Energy generation, new materials, and energy efficiency are emerging as attractive sectors,” Matt Sapp, who serves as West Coast Cleantech Leader for Ernst & Young, told Xconomy. “We actually saw an increase in energy efficiency deals. The venture industry is really looking for more efficient business models and cleantech software innovations [in energy management] usually offer that.”
So while there is no guarantee that the IPO market is picking up, it is safe to say that companies in the energy generation sector are thriving more than ever.