By Paul Davidson, USA TODAY
President-elect Barack Obama has made renewable energy a centerpiece of his plan to resuscitate the U.S. economy and fight global warming.
Yet the credit crunch and nose-diving energy prices are prompting companies to scale back or cancel alternative-energy projects. In 2008, total spending on clean-energy projects is expected to fall 4% to $142 billion from 2007, research firm New Energy Finance says. But venture capital and private-equity firms are still investing in emerging technologies, it says. This year, such investments will increase to $14.2 billion from $9.8 billion in 2007.
Here are three companies that are forging ahead: Read the rest of this entry »
