December is always the month when consultants, bloggers, and magazine editors publish their predictions for the upcoming New Year. This week cleantech consulting firm Kachan & Co. offered its predictions about cleantech venture investment. It says to expect investment to decline even further than it did. This year’s estimated 680 billion is down by more than 25% from 2010 and 2011 volumes.
The consultancy also said there are some long-term risks coming in solar, wind, electric vehicles and elsewhere. At issue is the lack of cost-efficient grid-scale power storage technology which is essential to smooth out intermittent power production (due to weather, seasons etc) inherent in wind and solar power generation.
Other predictions include a return of the combustion engine due to innovations which will put electric vehicle markets at risk, and a bold forecast for progress in clean coal tech. All in all there are thirteen predictions for cleantech in 2013 from Kachan. (Image source: Kachan and Co.)