The last clean energy boom turned to bust. Will this time be any different?
CNN
Investors who back upstart companies are known for their optimism. But when it comes to the wall of money pouring into clean energy, their enthusiasm is tinged with concern.
"I always worry something is going to happen and it will suck the wind out of the market," said Craig Lawrence, who led energy and clean tech investing at Silicon Valley's Accel Partners between 2008 and 2010. Funding for clean tech projects is undergoing a massive boom. A record $501 billion was pumped into the energy transition in 2020, according to BloombergNEF. The WilderHill New Energy Global Innovation Index, which tracks shares in 125 global companies that aim to address climate change, hit an all-time high earlier this year.
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