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Phoenix666 [soylentnews.org] writes:

In February, the Obama administration announced its so-called Clean Energy Investment Initiative, a program that was seeking to generate $2 billion in commitments from the private sector to help spur clean energy innovation.

Just four months later, it seems, investors have willingly answered the call twice over amid rebounding interest in renewable energy [wired.com].

The Obama administration said today that a collection of philanthropic groups, universities, and for-profit institutions have committed $4 billion to invest in clean energy. These are investments that might not fit in the average investor’s portfolio. Instead, the money will fund things like solar, wind, and fuel cell technology, the type of potentially transformative innovation that all too often never sees the light of day because funding dries up.

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