Monday, May 16, 2005

CalPERS makes first ETP commitment

After announcing their plan to put $200M into cleantech investments back in March of last year (under their "Environmental Technology Program"), today CalPERS announced the first recipient will be NGEN, the Santa Barbara materials science venture firm. This first commitment will be $15M. But expect a lot more such news to come, as the rest of the $200M is put to good use...


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