The U.S. Cleantech Industry Is Struggling

U.S. renewable energy and cleantech companies have been struggling in recent months, with the highest number of such firms filing for bankruptcy since 2014. Many of the cleantech startups received support from investors and climate funds backed by Bill Gates or Amazon a few years ago. But the high interest rates now, some delays in federal incentives for green energy technology, and growing competition to raise more funds to finance often costly new energy solutions have created a perfect storm for many cleantech startups, the Financial Times reports.…