Investment in energy efficiency triples from a year ago – new Cleantech report

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Manhasset, NY, USA — (METERING.COM) — August 21, 2006 – According to Cleantech Venture Network’s latest report, investment in energy efficiency in North America, which includes software and electronic equipment, has tripled from a year ago (US$15.2 million) to over US$60 million.

Robert Wilder, CEO of WilderShares, a manager of two clean-energy indexes, said of energy efficiency that it “is a sleeping giant. It doesn’t have the sexy allure of solar power or huge wind. But we have Saudi Arabia-sized oil reserves under our feet in America through energy efficiency.”

However, investment in funding energy efficiency is still not receiving the attention it deserves because energy demand is only at 60% to 70% of its capacity for most of the year, according to Chris Hickman, Executive Vice President of Cellnet. For many, investment in finding new energy sources from nature is still seen as the long-term solution for meeting the increasing global demand.