Investment dollars flow to green energy start-ups
The renewable energy market continues to show growth, despite a struggling economy.
According to a Wall Street Journal report , start-ups developing products aimed at wringing every last drop of efficiency from green technologies have become the standouts in the increasingly crowded field of renewable energy.
These companies are gaining favor, in part because they don't require a lot of cash to bootstrap, a big draw at a time when there's not much financing available.
Other winners in the investor sweepstakes are companies seeking to replace existing power grids to allow utilities to interact with home appliances, turning them on when power demand is low and electricity is cheaper.
Two big deals worth a combined $500 million highlight the changing sentiment. Industrial conglomerate United Technologies Corp., best known for its helicopters, jumped into the wind business. Another deal brought chip maker Taiwan Semiconductor Manufacturing Company Ltd. into solar.
In the third quarter of 2009, clean energy received 19% of venture capital investment in the U.S., second only to biotechnology, according to a report by PricewaterhouseCoopers and the National Venture Capital Assn .
To read the complete article, which analyzes the key sectors and companies in the clean-energy industry, click here .
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Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.