Tuesday, October 13, 2009

Notes on "Wheres the Next Boom? Maybe in Alternative Energy"

http://www.app.com/article/20091012/BUSINESS/910120301/1003/business&source=rss

Often in depressions, the next boom happens. Such as in 1870, telephones and phonographs, 1958, the integrated circuit, and early 1980's, the personal computer.
Venture capitalists have invested as much as 8.7 billion into energy related buisiness' since 2006.
A power plant will be built by a company called GreatPoint that will create thousands of jobs in 2010.
The Obama administration has said it will focus on putting more hybrid cars on the road, and also to invest 150 billion over the next decade into cleantech.
Cleantech could possibly create 5 million jobs, but 7.2 million have been lost since the recession started, and other jobs might be cannabalized by cleantech.
GE and HP are both already established companies that are taking advantage of the cleantech revolution andd investing in technologies.

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