Good Energies, a venture capital firm, is reportedly "not really spending time on greentech traditional technology plays."
John Breckenridge, of Good Energies, is quoted by news provider Dow Jones VentureWire, as saying: "The renewables sector, particularly with the political environment that we’ve got going on, has tremendous uncertainty in it. Good Energies in North America has become a broader energy fund, not just investing in renewables, but investing all types of energy. That’s been a big change for us. We are not really spending time on greentech traditional technology plays."
George Coelho said to Global Corporate Venturing: "Good Energies has been successfully investing in Cleantech for the last decade. The market has changed enormously over that time and so we have adapted as well. We recently decided to re-organize our activities and so are now concentrating on our existing portfolio and our new investment activities in North America. We invest where we see good new investment opportunities and remain very active throughout our portfolio at the board level and as partners to management."
Separately Jeffrey Jacobs, vice president for Chevron Technology Ventures, was quoted by news provider Houston Chronicle as saying renewables would still provide less than 15% of global energy demand by 2035, despite being among the fastest growing energy sources.