Summary:
Despite the renewal of energy tax credits and the election of a president dedicated to green jobs, first quarter cleantech investments plummeted in the face of the faltering economy. Total venture investment was down 48 percent from the previous year. By the end of the quarter, however, the stimulus package and an ambitious draft energy bill making its way through Congress appeared to be breathing a bit of life back into the sector, particularly in those areas championed by the administration: smart grid, energy and transportation.

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