A New Era for Climate-Focused Venture Capital

The Energy Gang

Wood Mackenzie

Alternative Energy, Tech News, 958784, Environment, Technology, Renewable Energy, Energy, Business, Sustainability, Wind Energy, Climate Change, Cleantech, News, Solar Energy, Innovation, News Commentary

4.6 • 1.3K Ratings

🗓️ 21 July 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

During the height of the pandemic in 2020, venture capital poured into climate technologies at record levels. It was a happy surprise amidst a collapsing economy and years of investment stagnation.

Venture investments in climate tech topped $17 billion in 2020 across more than 1,000 deals. Five years ago, it had fallen to $5.2 billion — a 30 percent decrease from a previous peak in 2011.

Our guest co-host this week is Emily Kirsch, the founder and CEO of Powerhouse. She’s also the host of Watt It Takes, the entrepreneurship series about founders tackling climate change.

Suddenly, it’s cool to be putting your money into the sector again. And there’s something different about today’s rise in enthusiasm. The first wave was all about the “coolness” of cleantech — thin-film solar, electric sports cars, printable batteries. It was also about proving cost curves.

Kara Swisher put it bluntly in the NYT last year: the world’s first trillionaire will be a greentech entrepreneur.”

Today, there’s much more technological maturity — bigger scale, bigger and better data, and more resources to tap for startups.

There is also a deeper moral responsibility infused with investments. If you are running a major VC firm or a corporate venture arm, you are out of the loop if you don’t have a climate component of your portfolio. Andrew Beebe of Obvious Ventures argues we’ve entered the “climate decade” in VC.

This week: climate tech isn’t just having a moment. It’s having an age, a period, a generation. Why we are at the start of a climate tech era in venture capital.

The Energy Gang is brought to you by Sungrow. As a leading provider of PV inverter solutions across the world, Sungrow has delivered more than 10 gigawatts of inverters to the Americas alone and 154 gigawatts in total across the globe. Email them to learn more.

The Energy Gang is brought to you by S&C Electric Company. Today, non-wires alternatives such as microgrids can provide more sustainable, resilient and economical ways to deliver reliable power. S&C helps utilities and commercial customers find the best solutions to meet their energy needs. Learn more.

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Transcript

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0:00.0	The Energy Gang is brought to you by Sungrove, a leading provider of PV inverter solutions across the world.
0:05.5	Sungrove is also providing energy storage systems to some of the largest projects in the U.S.
0:10.0	like the Chizolm Grid Project in Fort Worth, Texas.
0:13.0	Chizolm Grid is a 100 megawatt standalone battery storage installation expected to start operation in the middle of this year,
0:19.0	providing energy and grid services to the growing Texas market.
0:22.5	Learn more about Sungrove's energy storage solutions by emailing them at info at sungroveamericas.com.
0:28.5	The Energy Gang is brought to you by SNC Electric.
0:31.0	New technologies are unlocking innovative ways to solve power-related challenges.
0:35.0	Conventional wired approaches may still be viable, but they're not always the best solution.
0:39.5	Today, non-wires alternatives like micro-grids can provide sustainable, resilient, and economic ways to deliver reliable power.
0:46.5	SNC Electric Company has provided innovative power solutions for over 100 years,
0:51.5	and it helps utility and commercial customers find the best solutions to meet their energy needs.
0:56.5	Learn more at SNC.com slash NWA.
1:00.5	This is the Energy Gang.
1:04.5	Weakly debates and discussions about the fast-changing world of energy.
1:07.5	I'm Stephen Lacey. Welcome.
1:09.5	During the height of the pandemic in 2020, venture capital poured into climate technologies at record levels.
1:18.5	It was a happy surprise amidst a collapsing economy and years of investment stagnation.
1:23.5	And as founders and investors venture out into the world again, the money is only coming in faster.
1:28.5	This week, climate tech isn't just having a moment, it's having an age.
1:32.5	Why are we at the start of a climate tech era in venture capital?
1:39.5	Hi, Catherine. How are you?
	...

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