Today, the Virgin Green Fund continues to invest in one biofuel company, but the rest of its investments are a grab bag of vaguely green-hued projects, from water desalination to energy-efficient lighting, to an in-car monitoring system to help drivers conserve gas. Evan Lovell, a partner in the Virgin Green Fund, acknowledged in an interview that the search for a breakthrough fuel has given way to a “much more incremental” approach, one with fewer risks and more short-term return.
