Government, VCs Invest in Alternative Energy

Los Angeles, California [Los Angeles Business Journal] Congress plans to increase funding next year for federal research in clean energy technologies, including biofuels, solar power and wind power. Lawmakers are following the lead of the private sector, which already is putting more of its money into alternatives to oil and natural gas. The market for solar energy grew 55 percent last year to $11.2 billion, and the wind power market jumped 47 percent to $11.8 billion, according to Clean Edge Inc., a market research company.
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