Source: The Wall Street Journal
Companies that make everything from solar panels to renewable-crude oil continue to be big draws for funding from the venture-capital community.
But a company that rewards consumers for recycling led The Wall Street Journal’s second-annual ranking of venture-backed clean-tech companies.
Recyclebank, which provides recycling-rewards programs in 29 states and the U.K., has had a growth spurt since its 2004 launch. In October, the New York-based company brought on Jonathan Hsu, former head of onliine ad firm 24/7 Real Media, as its chief executive.
Two solar-power firms, Suniva Inc. of Norcross, Ga., and eSolar Inc. of Burbank, Calif., came in second and third, respectively.
The Top 10 Clean-Tech ranking, announced Wednesday at the Journal’s ECO:nomics Executive Conference in Santa Barbara, Calif., seeks to identify green companies with the greatest potential to succeed in an increasingly competitive sector.