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U.S. Clean Technology Venture Funding Declines 4.5% in 2011

U.S. venture capital investment in renewable power and energy-efficiency technology declined 4.5 percent to $4.9 billion last year from 2010, according to an Ernst & Young LLP study.

A total of $940.5 million in 70 funding rounds was provided in the fourth quarter to companies developing renewable sources of electricity, storage and energy-efficiency technologies, New York-based Ernst & Young said today in a statement.