A Letter from the Cleantech Community
Out of our garages came the innovations that launched the information technology and biotech revolutions. From those
beginnings, we have built a trillion-dollar it economy and a biotech industry. As investors, entrepreneurs, and business leaders,
we recognize a similar economic opportunity in clean energy technology. And this prospect isn't just about economic growth.
our security and prosperity and that of future generations depend on energy independence and a stable climate, which clean
technology can ensure.
FOR THE FIRST TIME, WE HAVE A ROAD MAP OF HOW TO SCALE CLEAN ENERGY TO HAVE MAJOR IMPACT BY 2020
As this report shows, clean energy can reduce greenhouse gas emissions by the gigatons required to address climate change over
the next 20 years. For an entrepreneur, what can be imagined sets the bounds for what can become real. We can now imagine gigaton
scale for clean energy technologies, and entrepreneurs can starting building the leading clean energy companies of tomorrow.
ACCELERATION WILL REQUIRE POLICY ENGAGEMENT
All of the technologies that can make major carbon dioxide emissions reductions — energy, buildings, transportation, forestry,
and agriculture — have historically had market rules established by local, regional, national and international policy decisions.
the future will be no different.
FOR INNOVATION TO FLOURISH, POLICYMAKERS MUST LAY OUT FAIR AND STABLE RULES OF THE ROAD
Scaling up clean energy industries requires coordinated action by the entire supply chain. Companies will expand capacity only
when there are clear market signals for expected growth. Such signals are also required to increase demand for renewable
energy and low-carbon alternatives.
the energy and carbon policies being decided now in the U.S. Congress and in December at the 15th Conference of the Parties
(COP-15) in Copenhagen can lay the foundations for decades of massive innovation and growth in clean energy. the central
reform must be a comprehensive carbon policy that puts a price on carbon for the long term. Without such a policy, cleantech
energy pathways will grow slowly and in most cases fail to affect climate change. With such a policy, we can achieve gigaton
scale by 2020, stabilize the climate, and create a new industry.
While we did not prepare this report, we agree with its basic findings and encourage our colleagues to use it as a framework
for thinking about how to achieve scale in cleantech energy industries. We encourage policymakers to take to heart its central
Managing Director, Draper Fisher Jurvetson
Managing Director, Energy Solutions,
CEO, Foresight Wind
CEO, Renewable Ventures
Chairman and CEO,
Tremisis Energy Corporation
Partner, Mohr Davidow ventures
MissionPoint Capital Partners
Chief Business Development Officer,
CEO, eSolar and founder, Idealab
CEO, Recurrent Energy
Senior Director and Director of Climate
Change Policy, Good Energies
CEO, Good Energies
President and CEO, Petra Solar
Managing Director and Co-Founder,
Firelake Capital Management
Firelake Capital Management
Director for Global Foresight + Innovation,
CEO, Syngest Inc.
Serious Materials, Calstar, and ZETA
Partner, U.S. Venture Partners
President and CEO,
Solar Energy Industries Association
Eko Asset Management Partners
Chief Development Officer,
Horizon Wind Energy
CTO, SunPower Corporation
Advanced Technology Ventures
Partner, New Enterprise Associates