Storage, mobility, efficiency and more. Growth across the spectrum of clean tech can be seen in sacramento. The Release of our Progress Report is an exciting time for me. Yesterday we walked the capitol hand delivering the progress report to our local representatives. Many where excited to hear about the past year of investment in the region making it an important player in building a sustainable clean future.
Since our last survey in 2017, the highest ever amount of new investment (over $150 million) has come into this sector, the most companies ever have been acquired or merged, and the first clean tech company has grown to over 1,000 employees locally (Siemens Mobility). There are now about 5,050 jobs in this cluster, with over $3.1 billion in revenue. This is 300 fewer jobs than in the last survey, and $100 million less in revenue. The cause is largely the number of acquired companies that have moved out of the region. Like in most tech clusters, there is an ongoing process of loss and renewal as companies fade while new ones are founded. As we count them, there are now 85 companies in the cluster down from 94 previously. But there are many new ones in the mix, with the numbers of new mobility- and energy storage-oriented companies growing rapidly.
Get your copy and make sure you spread the excitement.
ABOUT THE AUTHOR
Thomas is the Executive Director of CleanStart. Thomas has a strong background in supporting small businesses, leadership, financial management and is proficient in working with nonprofits. He has a BS in Finance and a BA in Economics from California State University, Chico. Thomas has a passion for sustainability and a commitment to supporting non-profits in the region.