Cleantech Bounces Back, Pure-Play Growth Hits 18%
Ernst & Young Global Limited recently released a Cleantech Industry Performance report. The analysis finds that the number of clean tech pure play companies have grown global despite bankruptcies and consolidation.
EY’s recently released Cleantech Industry Performance report finds that the number of clean tech pure play companies have grown global despite bankruptcies and consolidation. Despite the challenging environment in which the cleantech industry operates, China and the USA have consolidated their leadership and market capitalization bounced back from last year increasing by 18%, the study finds. Biofuels ranked top in the number of IPOs. Solar raised over 30% of the money.
Regionally, Asia Pacific is leading in the number of renewable energy companies, and jobs created there increased 24% year over year. The energy efficiency sector lead with the strongest growth rate in both market capitalization and number of companies; solar, wind, and renewable energy generation have stayed stable.
In the United States, pure-play cleantech companies doubled via IPOs. 35% year over year capital growth was made in energy efficiency, solar and clean transport sectors. Biofuel revenues have increased 98% since 2011. Job creation backed off in solar and energy storage while employee headcount grew in energy efficiency products, clean transport and biofuels.
Read the Global Cleantech Public Pure-Play Company Analysis (Summary or Performance Report pdf) on the Ernst & Young website. EY is a global leader in assurance, tax, transaction and advisory services. EY delivers insights and quality services that help build trust and confidence in the capital markets and in economies the world over.
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