Cleantech Collapse: The Horrible Outlook For Alternative Energy In 2009
Courtesy of Jay Yarow at ClusterStock’s Green Sheet
The outlook for alternative energy in 2009 is terrible.
Revenue, venture capital investment, and stock prices are all down. Financing has dried up. Demand is gone.
Meanwhile, the prices of traditional energy sources–oil, natural gas, and coal–have collapsed, putting "parity" even farther into the future.
But there’s always next year!
Everyone thought 2009 would be a bust. Now, everyone’s saying 2010 will be a bounceback. By 2011, the optimists say, we might even return to 2008 levels.
In the interim though, it will be a bumpy ride, as companies crater, get acquired, and survive on government incentives.
Merrill Lynch analyst Steve Milunovich published a report on the state of cleantech in 2009 and where it goes from here. We’ve pulled charts and tables to provide a glimpse at the industry.
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