Venture capital funding for the clean tech industry, beleaguered for most of the year, finally rebounded in the third quarter, according to figures from DowJones VentureSource, as analyzed by Ernst & Young LLP.
About $965 million in venture capital was committed to clean tech in the third quarter, up from $661 million the second quarter and just $341 million in the first quarter.
VC funding has not yet fully rebounded to 2008 levels. In the third quarter of 2008, VC funding for clean tech totaled $1.8 billion, or nearly double what was committed in the third quarter of 2009.