h

Equity Financings* for US Cleantech Venture-Backed Companies, by Cleantech Primary Segment (

*Equity financings include cash investments by professional venture capital firms, corporations, other private equity firms, and individuals into companies th

Number of Financing Rounds

2008

Primary Segment Secondary Segment 1Q 2Q 3Q 4Q

Alternative Fuels Biofuels 5 8 4 8
Natural Gas 1 2
Other
Alternative Fuels Total 6 8 4 10
Energy Efficiency Energy Efficiency Products 6 7 4 8
Industrial Products 2 2 1 1
Power and Efficiency Management Services 7 7 4 3
Energy Efficiency Total 15 16 9 12
Energy Storage Batteries 5 3 1 2
Flywheels 1
Fuel Cells 1 1 1
Other 1 1
Energy Storage Total 6 4 3 4
Energy/Electricity Generation Geothermal 2
Solar 9 17 15 9
Wind 3 2 3 1
Hydro 1
Hydrogen
Tidal/Wave
Other 1 2 1 4
Energy/Electricity Generation Total 13 22 21 14
Environment Air 1 1 1
Recycling 2 2 1 1
Waste 1
Other
Environment Total 3 3 1 3
Industry Focused Products and ServicesIndustry: Agriculture 1 2
Industry: Construction 2 5 1
Industry: Consumer Products 2 1 2 1
Industry: Materials 3 1 3
Industry: Transportation 4 3 5 1
Other 1 1
Industry Focused Products and Services Total 11 7 15 6
Water Treatment Processes 1 1 3 1
Conservation & Monitoring 1
Water Total 1 2 3 1
Grand Total 55 62 56 50

Amount Invested ($M)

2008

Primary Segment Secondary Segment 1Q 2Q 3Q 4Q

Alternative Fuels Biofuels $232.50 $130.52 $118.00 $144.25
Natural Gas $95.90
Other
Alternative Fuels Total $232.50 $130.52 $118.00 $240.15
Energy Efficiency Energy Efficiency Products $46.50 $46.90 $24.85 $49.45
 Industrial Products $17.80 $38.50 $90.00 $1.00
Power and Efficiency Management Services $68.53 $40.92 $184.00 $41.75
Energy Efficiency Total $132.83 $126.32 $298.85 $92.20
Energy Storage Batteries $53.95 $120.27 $30.00 $58.20
Flywheels $22.00
Fuel Cells $21.00 $23.00 $2.30
Other $0.25 $15.00
Energy Storage Total $74.95 $143.27 $52.25 $75.50
Energy/Electricity Generation Geothermal $30.25
Solar $183.65 $932.97 $1,010.40 $477.94
Wind $10.27 $11.70 $17.85 $25.63
Hydro $2.60
Hydrogen
Tidal/Wave
Other $13.00 $11.10 $1.00 $45.80
Energy/Electricity Generation Total $206.92 $958.37 $1,059.50 $549.37
Environment Air $3.50 $7.60 $1.03
Recycling $32.00 $39.00 $40.00 $4.75
Waste $10.00
Other
Environment Total $35.50 $46.60 $40.00 $15.78
Industry Focused Products and ServicesIndustry: Agriculture $5.00 $20.90
Industry: Construction $17.70 $43.00 $5.00
Industry: Consumer Products $13.60 $1.90 $7.00 $2.42
Industry: Materials $64.40 $37.00 $23.90
Industry: Transportation $46.55 $16.76 $125.15 $3.68
Other $2.35 $4.00
Industry Focused Products and Services Total $131.90 $73.36 $200.05 $35.00
Water Treatment Processes $5.00 $2.40 $45.50 $10.00
Conservation & Monitoring $1.50
Water Total $5.00 $3.90 $45.50 $10.00
Grand Total $819.60 $1,482.34 $1,814.15 $1,018.00
h Primary Segment (2003- 3Q' 2009)
and individuals into companies that have received at least one round of venture funding

2009

Total 1Q 2Q 3Q Total
25 2 3 4 9
3 1 1
1 1 2
28 3 5 4 12
25 3 5 4 12
6 1 2 1 4
21 2 9 8 19
52 6 16 13 35
11 1 3 4 8
1
3 3 1 1 5
2 1 1
17 4 4 6 14
2
50 2 7 5 14
9 1 1 2 4
1

1 1
8 2 1 3
70 3 11 8 22
3 1 2 3
6
1 1 2 3
1 1
10 1 4 2 7
3 2 2
8 1 1 3 5
6 1 2 3
7 2 1 4 7
13 1 4 4 9
2 1 1 2
39 6 8 14 28
6 2 1 3 6
1 1 1
7 2 2 3 7
223 25 50 50 125

2009

Total 1Q 2Q 3Q Total
$625.27 $21.00 $45.00 $71.15 $137.15
$95.90 $10.00 $10.00
$4.25 $2.60 $6.85
$721.17 $25.25 $57.60 $71.15 $154.00
$167.70 $9.95 $47.55 $36.49 $93.99
 $147.30 $8.00 $9.60 $1.50 $19.10
$335.20 $38.50 $91.05 $67.52 $197.07
$650.20 $56.45 $148.20 $105.51 $310.16
$262.42 $99.90 $41.50 $23.68 $165.08
$22.00
$46.30 $55.66 $3.80 $15.00 $74.46
$15.25 $4.00 $4.00
$345.97 $155.56 $45.30 $42.68 $243.54
$30.25
$2,604.96 $48.00 $143.35 $309.02 $500.37
$65.45 $8.00 $4.25 $7.20 $19.45
$2.60

$2.12 $2.12
$70.90 $7.80 $0.25 $8.05
$2,774.16 $56.00 $157.52 $316.47 $529.99
$12.13 $4.50 $56.00 $60.50
$115.75
$10.00 $3.20 $120.00 $123.20
$2.00 $2.00
$137.88 $4.50 $61.20 $120.00 $185.70
$25.90 $10.30 $10.30
$65.70 $3.10 $13.00 $88.66 $104.76
$24.92 $6.00 $6.75 $12.75
$125.30 $8.38 $14.00 $30.28 $52.66
$192.14 $11.10 $152.50 $158.19 $321.79
$6.35 $5.00 $14.26 $19.26
$440.31 $33.58 $189.80 $298.14 $521.52
$62.90 $10.26 $0.76 $11.20 $22.22
$1.50 $0.79 $0.79
$64.40 $10.26 $1.55 $11.20 $23.01
$5,134.08 $341.60 $661.17 $965.15 $1,967.92
 Alternative Investor Voice: (415) 357-2100
201 Spear St., Fourth Floor Fax: (415) 357-2101
San Francisco, CA 94105 www.alternativeinvestor.info

Equity* Investment in US Cleantech Venture-Backed Companies, by Development Sta

*Equity financings include cash investments by professional venture capital firms, corporations, other private equity firms, and individuals into companies t

Number of Financing Rounds

2008 2009

Stage of Development 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

Startup 4 5 1 3 13 5 2
Product Development 23 24 27 25 99 12 13 22
Shipping Product 26 28 25 22 101 13 32 23
Profitable 2 4 3 9 3
Restart 1 1
Grand Total 55 62 56 50 223 25 50 50

Amount Invested ($M)

2008 2009

Stage of Development 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

Startup $19.10 $41.25 $1.00 $5.00 $66.35 $11.75 $3.22
Product Development $405.08 $726.37 $1,091.90 $624.65 $2,848.00 $131.63 $229.28 $235.78
Shipping Product $365.42 $523.22 $598.75 $388.35 $1,875.73 $209.97 $420.14 $584.55
Profitable $30.00 $186.50 $122.50 $339.00 $141.60
Restart $5.00 $5.00
Grand Total $819.60 $1,482.34 $1,814.15 $1,018.00 $5,134.08 $341.60 $661.17 $965.15

Restart

Median Amount Invested ($M)

2008 2009

Stage of Development 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

Startup $2.75 $2.85 NS NS $1.50 NS $2.00 NS
Product Development $9.70 $10.50 $15.00 $15.00 $12.85 $10.00 $6.30 $5.00
Shipping Product $12.00 $7.45 $10.90 $11.70 $10.00 $8.00 $7.60 $8.10
Profitable NS $21.50 NS NS $18.00 NS NS NS
Restart NS NS NS NS NS NS NS NS
Grand Total $9.70 $10.00 $12.70 $12.70 $11.25 $8.00 $5.69 $6.03

The investment figures included in this release are based on proprietary research conducted by Alternative Investor.
Copyright © 2003Alternative Investor.
 Alternative Investor Voice: (415) 357-2100
201 Spear St., Fourth Floor Fax: (415) 357-2101
San Francisco, CA 94105 www.alternativeinvestor.info

Development Stage (2003-3Q' 2009)

d individuals into companies that have received at least one round of venture funding

009

Total
7
47
68
3

125

009

Total
$14.97
$596.69
$1,214.66
$141.60

$1,967.92

009

Total
$2.00
$6.00
$7.80
NS
NS
$6.07

The investment figures included in this release are based on proprietary research conducted by Alternative Investor.
Copyright © 2003Alternative Investor.
 Alternative Investor Voice: (415) 357-2100
201 Spear St., Fourth Floor Fax: (415) 357-2101
San Francisco, CA 94105 www.AlternativeInvestor.info

Venture Capital* Investment in US Cleantech Venture-Backed Companies, by Round C

*Venture capital includes all investments made by venture capitalists or venture capital-type investors, i.e. those making equity investments in early-stage co

Number of Financing Rounds

2008 2009
Round Class 1Q 2Q 3Q 4Q Total 1Q 2Q
Seed Round 6 1 1 4 12 2
First Round 15 29 20 18 82 8 13
Second Round 10 12 14 13 49 6 14
Later Stage 16 14 18 13 61 9 18
Restart 1 1 2 4 2
Grand Total 48 57 55 48 208 23 49

Amount Invested ($M)

2008 2009
Round Class 1Q 2Q 3Q 4Q Total 1Q 2Q
Seed Round $7.13 $0.93 $0.25 $3.28 $11.59 $4.00
First Round $172.10 $239.89 $148.05 $137.43 $697.47 $47.36 $77.51
Second Round $312.15 $388.80 $575.35 $302.20 $1,578.50 $38.70 $89.81
Later Stage $293.40 $610.65 $1,054.50 $529.99 $2,488.54 $204.54 $432.85
Restart $7.42 $5.00 $32.00 $44.42 $7.00
Grand Total $792.20 $1,245.27 $1,810.15 $972.90 $4,820.51 $290.60 $611.17

The investment figures included in this release are based on proprietary research conducted by Alternative Investor.
Copyright © 2003 Alternative Investor.
 Alternative Investor Voice: (415) 357-2100
201 Spear St., Fourth Floor Fax: (415) 357-2101
San Francisco, CA 94105 www.AlternativeInvestor.info

Companies, by Round Class (2003- 3Q' 2009)

aking equity investments in early-stage companies from a fund with multiple limited partners

2009
3Q Total
1 3
13 34
15 35
20 47
2
49 121 h

2009
3Q Total
$0.27 $4.27
$114.84 $239.71
$137.16 $265.67
$711.88 $1,349.27
$7.00
$964.15 $1,865.92

The investment figures included in this release are based on proprietary research conducted by Alternative Investor.
Copyright © 2003 Alternative Investor.
Most Active Cleantech Investors in US Companies by Primary Cleantech Segment, 3Q' 2009
Cleantech Sector
Alternative Fuels
VC Firm Name Investing Firm Type # of Deals
Khosla Ventures Venture Capital 2
Lightspeed Venture Partners Venture Capital 1
Flagship Ventures Venture Capital 1
Naxos Capital Mezz/Buyout 1
Votorantim New Business Corporate Venture Capital 1
X/Seed Capital Management Venture Capital 1
Chevron Technology Ventures Corporate Venture Capital 1
Kleiner Perkins Caufield & Byers Venture Capital 1

Most Active Cleantech Investors in US Companies by Round Class, 3Q' 2009

Round Class
Seed
VC Firm Name Investing Firm Type # of Deals
antech Segment, 3Q' 2009

Energy Efficiency Energy Storage

VC Firm Name Investing Firm Type # of Deals VC Firm Name
Quercus Trust Venture Capital 2 Polaris Venture Partners
Nth Power Venture Capital 2 RockPort Capital Partners
DCM Venture Capital 1 Redpoint Ventures
JAFCO Ventures Venture Capital 1 Chrysalix Energy Management
Westly Group Venture Capital 1 Bay Partners LLC
Draper Fisher Jurvetson Venture Capital 1 GSR Ventures
Kleiner Perkins Caufield & Byers Venture Capital 1
New Enterprise Associates Venture Capital 1
American River Ventures SBIC 1
EnerTech Capital Venture Capital 1
Sequoia Capital Venture Capital 1
Foundation Capital Venture Capital 1
21Ventures Venture Capital 1
Intel Capital Corporate Venture Capital 1

, 3Q' 2009

First Round Second Round

VC Firm Name Investing Firm Type # of Deals VC Firm Name
Pivotal Investments Venture Capital 1 Nth Power
Versant Ventures Venture Capital 1 21Ventures
RockPort Capital Partners Venture Capital 1 Many with 1 investment
Chrysalix Energy Management Venture Capital 1
5AM Ventures Venture Capital 1
Craton Equity Partners Diversified Private Equity 1
Polaris Venture Partners Venture Capital 1
Draper Fisher Jurvetson Venture Capital 1
Solon Solar Investments Corporation 1
EnerTech Capital Venture Capital 1
X/Seed Capital Management Venture Capital 1
Greener Capital Partners LP Venture Capital 1
JumpStart Inc. Diversified Private Equity 1
 Energy/Electricity Generation
Investing Firm Type
# of Deals VC Firm Name Investing Firm Type # of Deals
Venture Capital 1 RockPort Capital Partners Venture Capital 2
Venture Capital 1 U.S. Venture Partners Venture Capital 1
Venture Capital 1 Pivotal Investments Venture Capital 1
Venture Capital 1 PCG Asset Management Investment Bank 1
Venture Capital 1 Foundation Capital Venture Capital 1
Venture Capital 1 Argonaut Private Equity Diversified Private Equity1
Redpoint Ventures Venture Capital 1
GE Energy Financial Services Corp Development 1
Accel Partners Venture Capital 1
NGP Energy Technology PartnersDiversified Private Equity1

Later Round
Investing Firm Type
# of Deals VC Firm Name Investing Firm Type # of Deals
Venture Capital 2 RockPort Capital Partners Venture Capital 3
Venture Capital 2 New Enterprise Associates Venture Capital 2
GE Energy Financial Services Corp Development 2
Flagship Ventures Venture Capital 2
Redpoint Ventures Venture Capital 2
Foundation Capital Venture Capital 2
Khosla Ventures Venture Capital 2
Environment Water
VC Firm Name Investing Firm Type# of Deals VC Firm Name
Roark Capital Group Diversified Private Equity 1
Craton Equity Partners Diversified Private Equity 1
Investing Firm Type
# of Deals