Peter Tertzakian: The stock market has turned against overhyped clean-tech companies — and it's about time

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For now, the days of cheap money chasing expensive dreams are over

. Till those days come around again , here’s what happens next for technology companies championing clean energy solutions.Article contentThe era of assuming that the corporate budget is continually funded out of investors’ pockets is over. There are still some out there who deny this, but I give them no more than another quarterly board meeting before the new fiscal reality sets in.All that money raised over the past couple of years will have to last a lot longer than expected.

There is nothing like a dearth of capital to sharpen an accountant’s pencil.In a capital-constrained world, weak companies with marginal projects get taken out of the system. It’s survival of the fittest for management. CEOs who know how to clean up after the storm will survive, while fair-weather leaders may face extinction.Article contentCompanies of like technologies start merging to reduce costs, gain manufacturing efficiencies and achieve the corporate mass needed to scale up faster.

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PTertzakian wins best line of the day. ‘The bio-waste has hit the wind turbine.’

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