Venture capitalists are starting to treat energy technology companies like the dot coms of 1999. The percentage of total U.S. VC investment devoted to cleaner-energy companies has been steadily rising, but it shot up in 2006, when $2.4 billion went to investments in companies involved in everything from ethanol production to photovoltaics manufacture.
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Manufacturing in the United States is in trouble. That's bad news not just for the country's economy but for the future of innovation.
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