Will cleantech startups be bigger than Google or Cisco?

Will cleantech startups be bigger than Google or Cisco?

Summary: Will Tesla Motors be bigger than Google? Will BrightSource solar be bigger than Cisco? VantagePoint CEO Alan Salzman thinks so.

SHARE:
TOPICS: Cisco, Google
1

Will the cleantech industry grow bigger than the infotech industry?

Alan Salzman thinks so. The CEO of VantagePoint Venture Partners -- a venture capital firm that invests in clean technology startups such as electric car maker Tesla Motors, solar panel maker BrightSource and LED light maker Bridgelux -- says the move to greener technology is just a matter of time, and his firm is positioning itself to be on the right side of the wave when it comes.

According to Salzman, innovations such as electric vehicles and renewable biofuels are in their early days -- expensive and limited, much like when flat-screen televisions and chunky mobile phones carried price tags that were far beyond the reach of the average consumer.

But if Tesla is an example of how quickly innovation has taken hold in the space -- the electric car is now half as expensive as it used to be and one "half" step away from mass affordability, in the space of just three years -- it's clear that a cleantech wave is coming.

Salzman says it will "transform the largest industries on the planet." To read how, head over to SmartPlanet's Smart Takes blog for the full rundown and interview.

Topics: Cisco, Google

Andrew Nusca

About Andrew Nusca

Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. During his tenure, he was the editor of SmartPlanet, ZDNet's sister site about innovation.

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

1 comment
Log in or register to join the discussion
  • RE: Will cleantech startups be bigger than Google or Cisco?

    I agree with Alan's assumption, as such potential exist and eventually this will become a reality. However, many cleantech startups can't easily cross the 'valley of death' and industrialize their products due to lack of pilot sites and suitable financial assistance with their industrialization. <br>Once there will be solutions to overcome these hurdles, we should see few cleantech giants emerge. <br>Michael <br>Water Mate - CI<br>www.water-mate.co.il
    WaterMate