“The Clean Energy Economy”, a report created by the Pew Charitable Trusts gives us a clear picture of which states have the largest amount of venture capital investments being made towards clean energy. The top five in the latest report are California, Massachusetts, Texas, Washington and Colorado. There are also ten states featured which have not seen any venture capital investments in renewable energy to date.
Some investments have resulted in amazing usage of renewable resources, and the equipment built to harness that energy. “The Geysers”, located in Northern California, the largest producer of geothermal energy in the United States is one such project. This complex uses twenty-two geothermal power plants drawing steam from 350 wells to produce electricity. In Massachusetts a number of educational centers are involved in the research and development of green technology including wind, solar and bio-fuels. In January, 2012 Austin, Texas activated a 380 acre solar farm expected to produce over 61 Million kilowatt hours of electricity in its first year. The state of Washington and Colorado are focusing on renewable energy utilizing multiple resources including forest biomass, solar, wind, and geothermal.
It’s apparent that those states where time, money, research and education have been used, positive results have been achieved. These states were the ground breakers, they’ve proven the desired results are obtainable and it’s time for the rest to follow.