Glad to see some analysis from BostInno that refutes Wired’s sensational “cleantech bust” assertion.

To me, the problem with the cleantech sector is the name itself, and that people seem to think that since it says “tech,” the sector can have an adoption curve that resembles web-based contagion. It staggers me that Facebook has more than 1 of every 10 people in the world using it, and, against that phenomenon, the measured growth and progress in alternative energy or energy management can look disappointing. The thing that people miss about the “cleantech” space is that nearly everything that generates revenue in it is attached to a building or a grid or a pipeline, which makes implementation of our solutions constrained by physical forces.

As a publicly-traded company in the cleantech space, our company, World Energy Solutions (NASDAQ: XWES) has been growing at a 20% CAGR – profit even more rapidly. We’ve recently made 3 acquisitions and have emerged as a leader in our space. Wouldn’t call that a bust.