Every day I get emails about “clean tech financing this” and “clean tech financing that” – last year there was over $7 billion in investments in clean technologies in the U.S. In this interview in the San Jose Merc, Paul Holland of Foundation Capital describes some of his philosophy on clean tech investment, including a strong focus on technologies that will reduce energy demand:
“The first lesson is there’s nothing wrong with a capital-efficient investment, even in clean tech. The second lesson is, look what happens when you don’t pay attention to the first lesson.”
Foundation has just closed a new $750 million fund, $250 million of which will be focused on clean tech, primarily on the demand side, although they are making some investments in supply as well – solar and biofuels.
Holland is also building a new, extremely energy efficient home in Portola Valley, CA. One of his goals for the building is to make much of the design reusable for other new homes.
“Once you get over the custom elements, it can be reproduced if you want to go down that road.”
You can hear more about Holland’s green energy investing in this Weather Channel interview on Forecast Earth: “Green Venture Capital In Depth”.