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h

Equity Financings* for US Cleantech Venture-Backed Companies, by Cleantech Primar *Equity financings include cash investments by professional venture capital firms, corporations, other private equity firms, and individual

Number of Financing Rounds2008

Primary Segment Secondary Segment 1Q 2Q 3Q 4QAlternative Fuels Biofuels 5 8 4 8

Natural Gas 1 2Other

Alternative Fuels Total 6 8 4 10Energy Efficiency Energy Efficiency Products 6 7 4 8

Industrial Products 2 2 1 1Power and Efficiency Management Service 7 7 4 3

Energy Efficiency Total 15 16 9 12Energy Storage Batteries 5 3 1 2

Flywheels 1Fuel Cells 1 1 1Other 1 1

Energy Storage Total 6 4 3 4Energy/Electricity Generation Geothermal 2

Solar 9 17 15 9Wind 3 2 3 1Hydro 1HydrogenTidal/WaveOther 1 2 1 4

Energy/Electricity Generation Total 13 22 21 14Environment Air 1 1 1

Recycling 2 2 1 1Waste 1Other

Environment Total 3 3 1 3Industry Focused Products and Service Industry: Agriculture 1 2

Industry: Construction 2 5 1Industry: Consumer Products 2 1 2 1Industry: Materials 3 1 3Industry: Transportation 4 3 5 1Other 1 1

Industry Focused Products and Services Total 11 7 15 6Water Treatment Processes 1 1 3 1

Conservation & Monitoring 1Water Total 1 2 3 1Grand Total 55 62 56 50

Amount Invested ($M)2008

Primary Segment Secondary Segment 1Q 2Q 3Q 4QAlternative Fuels Biofuels $232.50 $130.52 $118.00 $144.25

Natural Gas $95.90Other

Alternative Fuels Total $232.50 $130.52 $118.00 $240.15Energy Efficiency Energy Efficiency Products $46.50 $46.90 $24.85 $49.45

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Industrial Products $17.80 $38.50 $90.00 $1.00Power and Efficiency Management Service $68.53 $40.92 $184.00 $41.75

Energy Efficiency Total $132.83 $126.32 $298.85 $92.20Energy Storage Batteries $53.95 $120.27 $30.00 $58.20

Flywheels $22.00Fuel Cells $21.00 $23.00 $2.30Other $0.25 $15.00

Energy Storage Total $74.95 $143.27 $52.25 $75.50

Energy/Electricity Generation Geothermal $30.25Solar $183.65 $932.97 $1,010.40 $477.94Wind $10.27 $11.70 $17.85 $25.63Hydro $2.60HydrogenTidal/WaveOther $13.00 $11.10 $1.00 $45.80

Energy/Electricity Generation Total $206.92 $958.37 $1,059.50 $549.37Environment Air $3.50 $7.60 $1.03

Recycling $32.00 $39.00 $40.00 $4.75Waste $10.00Other

Environment Total $35.50 $46.60 $40.00 $15.78Industry Focused Products and Service Industry: Agriculture $5.00 $20.90

Industry: Construction $17.70 $43.00 $5.00Industry: Consumer Products $13.60 $1.90 $7.00 $2.42Industry: Materials $64.40 $37.00 $23.90Industry: Transportation $46.55 $16.76 $125.15 $3.68Other $2.35 $4.00

Industry Focused Products and Services Total $131.90 $73.36 $200.05 $35.00Water Treatment Processes $5.00 $2.40 $45.50 $10.00

Conservation & Monitoring $1.50Water Total $5.00 $3.90 $45.50 $10.00Grand Total $819.60 $1,482.34 $1,814.15 $1,018.00

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Segment (2003- 3Q' 2009)into companies that have received at least one round of venture funding

2009

Total 1Q 2Q 3Q Total25 2 3 4 9

3 1 11 1 2

28 3 5 4 1225 3 5 4 12

6 1 2 1 421 2 9 8 1952 6 16 13 3511 1 3 4 8

13 3 1 1 52 1 1

17 4 4 6 142

50 2 7 5 149 1 1 2 41

1 18 2 1 3

70 3 11 8 223 1 2 361 1 2 3

1 110 1 4 2 7

3 2 28 1 1 3 56 1 2 37 2 1 4 7

13 1 4 4 92 1 1 2

39 6 8 14 286 2 1 3 61 1 17 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

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$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

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Alternative Investor201 Spear St., Fourth Floor

San Francisco, CA 94105

Voice: (415) 357-2100Fax: (415) 357-2101

www.alternativeinvestor.info

The investment figures included in this release are based on proprietary research conducted by Alternative Investor.Copyright 2003Alternative Investor.

Equity* Investment in US Cleantech Venture-Backed Companies, by Develop*Equity financings include cash investments by professional venture capital firms, corporations, other private equity firms, and individuals i

Number of Financing Rounds2008 2009

Stage of Development 1Q 2Q 3Q 4Q Total 1Q 2Q 3QStartup 4 5 1 3 13 5 2Product Development 23 24 27 25 99 12 13 22Shipping Product 26 28 25 22 101 13 32 23Profitable 2 4 3 9 3Restart 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 3QStartup $19.10 $41.25 $1.00 $5.00 $66.35 $11.75 $3.22Product Development $405.08 $726.37 $1,091.90 $624.65 $2,848.00 $131.63 $229.28 $235.78Shipping Product $365.42 $523.22 $598.75 $388.35 $1,875.73 $209.97 $420.14 $584.55Profitable $30.00 $186.50 $122.50 $339.00 $141.60Restart $5.00 $5.00Grand 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 3QStartup $2.75 $2.85 NS NS $1.50 NS $2.00 NSProduct Development $9.70 $10.50 $15.00 $15.00 $12.85 $10.00 $6.30 $5.00Shipping 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 NSRestart NS NS NS NS NS NS NS NSGrand Total $9.70 $10.00 $12.70 $12.70 $11.25 $8.00 $5.69 $6.03

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Alternative Investor201 Spear St., Fourth Floor

San Francisco, CA 94105

Voice: (415) 357-2100Fax: (415) 357-2101

www.alternativeinvestor.info

The investment figures included in this release are based on proprietary research conducted by Alternative Investor.Copyright 2003Alternative Investor.

ent Stage (2003-3Q' 2009)to companies that have received at least one round of venture funding

Total7

4768

3

125

Total$14.97

$596.69$1,214.66

$141.60

$1,967.92

Total$2.00$6.00$7.80

NSNS$6.07

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Alternative Investor201 Spear St., Fourth Floor

San Francisco, CA 94105

Voice: (415) 357-2100Fax: (415) 357-2101

www.AlternativeInvestor.info

The investment figures included in this release are based on proprietary research conducted by Alternative Investor.Copyright 2003 Alternative Investor.

Venture Capital* Investment in US Cleantech Venture-Backed Compani*Venture capital includes all investments made by venture capitalists or venture capital-type investors, i.e. those making equity inv

Number of Financing Rounds2008 20

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

Amount Invested ($M)2008 20

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

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Alternative Investor201 Spear St., Fourth Floor

San Francisco, CA 94105

Voice: (415) 357-2100Fax: (415) 357-2101

www.AlternativeInvestor.info

The investment figures included in this release are based on proprietary research conducted by Alternative Investor.Copyright 2003 Alternative Investor.

es, by Round Class (2003- 3Q' 2009)estments in early-stage companies from a fund with multiple limited partners

093Q Total

1 313 3415 3520 47

249 121 h

093Q 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

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Most Active Cleantech Investors in US Companies by Primary Cleantech SeCleantech Sector Alternative Fuels

VC Firm Name Investing Firm Type # of DealsKhosla Ventures Venture Capital 2Lightspeed Venture Partners Venture Capital 1Flagship Ventures Venture Capital 1Naxos Capital Mezz/Buyout 1Votorantim New Business Corporate Venture Capital 1X/Seed Capital Management Venture Capital 1Chevron Technology Ventures Corporate Venture Capital 1Kleiner Perkins Caufield & Byers Venture Capital 1

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

VC Firm Name Investing Firm Type # of Deals

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ment, 3Q' 2009

Energy Efficiency Energy StorageVC Firm Name Investing Firm Type # of Deals VC Firm Name

Quercus Trust Venture Capital 2 Polaris Venture PartnersNth Power Venture Capital 2 RockPort Capital PartnersDCM Venture Capital 1 Redpoint VenturesJAFCO Ventures Venture Capital 1 Chrysalix Energy ManagementWestly Group Venture Capital 1 Bay Partners LLCDraper Fisher Jurvetson Venture Capital 1 GSR VenturesKleiner Perkins Caufield & Byers Venture Capital 1New Enterprise Associates Venture Capital 1American River Ventures SBIC 1EnerTech Capital Venture Capital 1Sequoia Capital Venture Capital 1Foundation Capital Venture Capital 1

21Ventures Venture Capital 1Intel Capital Corporate Venture Capital 1

First Round Second RoundVC Firm Name Investing Firm Type # of Deals VC Firm Name

Pivotal Investments Venture Capital 1 Nth Power Versant Ventures Venture Capital 1 21VenturesRockPort Capital Partners Venture Capital 1 Many with 1 investmentChrysalix Energy Management Venture Capital 15AM Ventures Venture Capital 1Craton Equity Partners Diversified Private Equity 1

Polaris Venture Partners Venture Capital 1Draper Fisher Jurvetson Venture Capital 1Solon Solar Investments Corporation 1EnerTech Capital Venture Capital 1X/Seed Capital Management Venture Capital 1Greener Capital Partners LP Venture Capital 1JumpStart Inc. Diversified Private Equity 1

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Energy/Electricity Generationsting Firm T # of Deals VC Firm Name sting Firm T # of DealsVenture Capi 1 RockPort Capital Partners Venture Capi 2Venture Capi 1 U.S. Venture Partners Venture Capi 1Venture Capi 1 Pivotal Investments Venture Capi 1Venture Capi 1 PCG Asset Management Investment B 1Venture Capi 1 Foundation Capital Venture Capi 1Venture Capi 1 Argonaut Private Equity Diversified Pr 1

Redpoint Ventures Venture Capi 1GE Energy Financial Services Corp Develo 1Accel Partners Venture Capi 1NGP Energy Technology PartnDiversified Pr 1

Later Roundsting Firm T # of Deals VC Firm Name sting Firm T # of DealsVenture Capi 2 RockPort Capital Partners Venture Capi 3Venture Capi 2 New Enterprise Associates Venture Capi 2

GE Energy Financial Services Corp Develo 2Flagship Ventures Venture Capi 2Redpoint Ventures Venture Capi 2Foundation Capital Venture Capi 2

Khosla Ventures Venture Capi 2

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Environment Water VC Firm Name nvesting Firm Typ # of Deals VC Firm Name

Roark Capital Group Diversified Private E 1Craton Equity Partners Diversified Private E 1

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sting Firm T # of Deals