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John Petersen
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John is a lawyer and accountant with over three decades of corporate finance, due diligence, M&A advisory and related legal services for manufacturers, innovators and investors in the energy storage and renewable energy sectors. Over the last eight years John has earned a global following for... More
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  • Energy Storage is Becoming the Hottest Ticket in Town 5 comments
    Jan 28, 2010 3:33 AM | about stocks: HEV, VLNCQ, ALTI, BCONQ, AONEQ, MXWL, ULBI, AXPW, ESNC, ENS, XIDEQ, CHP, ACPW

    In November 2008 I described energy storage as an investment tsunami, an energy efficiency mega-trend that was still in it's infancy but destined to grow to gigantic proportion and endure for decades. Events over the past year have unfolded about as I expected them to. This morning Reuters reported on a new survey of venture capitalists attending the World Economic Forum in Davos. While I wasn't surprised to learn that clean-tech is a hot topic in the VC world, I was amazed by the following graphic summary of the survey results.

    When Energy Management and Energy Storage tie for first place, and each of them eclipses all other categories by a wide margin, I have to believe that 2010 will be a very good year for the domestic pure-play energy storage companies I've been tracking since starting this blog.

    This is fun and I'm having it.

    Disclosure: None

    Disclosure: Long AXPW.OB, CHP, XIDE, ZBB, ACPW

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  • D. McHattie
    , contributor
    Comments (1844) | Send Message
    I am very pleasantly surprised by this development. I believed you when you said batteries would be big but I didn't think it would be the largest area for investment within cleantech.


    But I suppose batteries and energy storage tie in with many of the other areas (ie: smart grid, energy management, solar, other alt energy).
    28 Jan 2010, 09:16 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7591) | Send Message
    Batteries are sort of the missing link for improvements in the grid and optimizing the benefits of solar and wind power. The future auto industry is also highly dependent on battery technology. And then there are all the existing and yet to be developed computer, Internet, mobile communications, and other electronic applications that depend on batteries. Improvements will spur growth and utility in many areas. So, I am not at all surprised at how much money will be chasing energy storage. I am just a little surprised at how long it took them to catch up to John, though.
    28 Jan 2010, 11:52 PM Reply Like
  • John Petersen
    , contributor
    Comments (30632) | Send Message
    Author’s reply » It's the beating heart of cleantech.
    29 Jan 2010, 12:11 AM Reply Like
  • f-kru
    , contributor
    Comments (263) | Send Message
    John, thanks for sharing this. I'm curious about this new report from Sandia you were hinting at in the comments of one of your articles. Your point about the economical sense HEV is spot one and I'm just waiting for any automotive OEM annoucements regarding Axion Power, but I'm also looking foward for a new article on grid based storage and how the outlook is for 2010 and beyond.
    3 Feb 2010, 04:13 AM Reply Like
  • John Petersen
    , contributor
    Comments (30632) | Send Message
    Author’s reply » The last time I spoke with Jim Eyer, he was hoping for a March release date.
    3 Feb 2010, 05:18 AM Reply Like
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