If the dark cloud that is the Great Recession has a silver lining, it is that companies across America have accumulated huge stockpiles of cash. Now, nearly two years after the implosion of global financial markets, companies may finally be motivated to spend some of that cash in this buyer’s market.
This uptick in M&A activity is impacting all industries, including the cleantech and renewable energy sector. On Friday, as we were writing The Week In Green Energy, we learned that IT giant Cisco Systems would pay an undisclosed amount for smartgrid startup Arch Rock. Days earlier, Cisco said it was going to work with smart meter maker Itron to develop a communication platform for smart grids. Continue reading The Week In Green Energy: M&A Wave Hits Greentech