Clean tech investment opportunities have long been of interest to Connecticut Innovations, in part because of their public purpose benefits. Society’s growing concern about climate change and interest in clean energy/energy efficiency solutions has elevated this investment area to one of great importance.
CI makes most of its clean tech investments through the Connecticut Clean Tech Fund, which focuses on companies developing innovations that conserve energy and resources, protect the environment, or eliminate harmful waste.
“CI’s success is a result of its very thorough due diligence and understanding of candidate businesses – including their people, customers and goals. I would describe CI’s investment team as dedicated, open-minded, innovative and not averse to taking risk. CI has provided EES valuable input and support on our strategic plans and resource requirements, evidenced by a follow-on investment that enabled us to expand and further improve our financial strength. As a result, EES is growing its business in coal at a significant rate, is a recognized innovator in its field (improving energy efficiency) and is continuing to employ more people in Connecticut.” -- Rick Nowak, President, Environmental Energy Services Inc