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June 16, 2006

"No choice but to revert to nuclear energy"

Peter Wagner, General Partner at Accel Partners, believes the US has no real alternative except to revert to nuclear energy. Speaking at a panel on "The VC Forecast" at the recent IBF venture capital conference in San Francisco, he said nuclear generated energy along with improved battery technology will result in "nuclear powered cars" driving on the streets of San Francisco in 10 years.

While nuclear power generation is not a direct opportunity for VC-backed companies, there might be related opportunities, in a nuclear-led energy ecosystem, that start-ups could tap.

Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.