Billion reasons to go green

One billion reasons to go green. Sun Microsystems co-founder and current venture capitalist Vinod Khosla, has launched a $1.1 billion fund meant to spur on the development of clean technologies. The Los Angeles Times reports that Khosla’s $1.1 billion fund is split into two parts: $800 million will be used to invest in early- to mid-stage clean energy and information technology companies. The remaining $275 million will finance what Khosla calls “science experiments,” high-risk projects that may only exist in university laboratories at this point. The interesting thing is that Khosla is hoping to reach out beyond just traditional wind farm technologies and solar-cell manufacturers. As he puts it, “We’re doing bioplastics, lighting, engines, water and air conditioning–almost anything that can be made renewable, sustainable, more efficient and cheaper.”

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