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Experts Optimistic About Green Tech

SAN FRANCISCO-With a market known for reinventing itself, the next wave in the area could be covered in green, according to panelists at yesterday's RealShare conference.

By Daniel D. Williams | Updated on December 06, 2007

SAN FRANCISCO-The Bay Area and its extended environs has long been associated with innovation. From the original production of Silicon to the various tech booms, being on the cutting edge is what shapes this market—and has been a catalyst for the area’s boom-bust cycles.

Some experts at yesterday’s RealShare San Francisco conference, held at the Hyatt Regency, believe the area is on the cusp of another tech wave. “The clean tech or green tech business could be the third wave of Silicon Valley,” said Mark Hansen, VP of capital deployment for AMB Property Corp.

Speaking during the conference’s Town Hall meeting, Hansen said venture capital money is flowing into green- and clean tech niches, including the solar industry, alternative energy solutions and how to make buildings work more efficiently. “(The real estate industry) is coming up with products to be greener,” he said. “You’re not going to see a lot of development of non-LEED buildings moving forward.”

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