David Rubinstein

Data from the International Energy Agency (IEA) illustrates the current "readiness" of #ClimateTechs + their potential impact on carbon reduction. As shown, many techs are at an early stage of being able to have a material impact. Concerningly, some tech funds recently returned capital back to investors recently + closed their funds - citing inability to fund capital intensive techs, found in areas like ClimateTech. This in part may be contributing to the $2 trillion shortfall in ClimateTech, that Deloitte estimates. What this may mean for the future? - The migration of LPs to global, super VC funds within ClimateTech, given the large capital pools needed to fund tech development - Greater specialization from smaller funds, energizing more niche elements of the ClimateTech market - but also altering their / LP's risk profile - A greater role to be played by debt financing in funding growth entities at an earlier stage - impacting cashflow dynamics Will be an interesting space to watch moving forward. We at The Proptech Connection are constantly working with all parts of the Proptech ecosystem. From the leading LPs, funds, techs and adopters in market, providing an independent view. Reach out to us today to find out how we can help. #InvestorTrends #Strategy #Global Ivo van Breukelen Stuart Daun Kiki C. Ethan Ward

9

2 Comments

In 2024, wind farm costs have increased and many projects canceled as developers struggle with opaque regulations and determined opposition. But there is still great opportunity for economic growth in the #WindEnergy industry.

3

2 Comments

There is something for everyone in the #InflationReductionAct including tax exempt and governmental entities. With Direct Pay provisions, those entities can get money back on their investments in solar, wind, battery storage, and other #cleanenergy related projects. This is a big change from the solar tax credit structure in the past where non-profits or government agencies could not get direct value on those investments. The project pipeline is already growing: https://lnkd.in/gDKWdp7F

3

The digitization of distributed energy requires actionable, common sense data standards. Even more, it needs open source code based on those standards that can be applied by everyone to drive scale and catalyze network effects. The OB Alliance was established to achieve that vision. As the original author of the Orange Button standard, the SunSpec Alliance is thrilled to be part of this effort. #codetalks #BSwalks

8

#Massachusetts is at the forefront of geothermal energy innovation! Exciting developments in geothermal projects are underway, promising to revolutionize heating and cooling systems in alignment with the state's decarbonization goals. We are honored to have our sponsors Subterra Renewables and Celsius Energy and their leaders Kareem Mirza and Johnny Fry educate our members at Decarb Boston on June 18th! Subterra Renewables' GeoExchange system utilizes ground heat exchange to provide an eco-friendly heating and cooling solution for buildings, tapping into the earth's energy for efficient climate control. Subterra is leading the way in the U.S., bringing experience from many projects in Canada and lessons learned in planning, financing, and seeing projects completed. Eversource Energy's and Celsius Energy system has been pivotal with geothermal borefields and a 1-mile geothermal loop connecting over 30 buildings, including a school, fire station, shops, and residential homes in Framingham MA. These initiatives underscore Massachusetts' dedication to transitioning to clean, renewable energy sources. Geothermal technology is paving the way for sustainable, cost-effective, and efficient heating and cooling solutions, marking a significant step towards a greener future. 🌿 #GeothermalEnergy #CleanEnergy #Sustainability

21

2 Comments

The #solarenergy sector in the Commonwealth of Pennsylvania is growing; LandGate reveals the potential for 11 GW of additional capacity through planned/proposed projects. Beyond 46 existing utility-scale solar farms, hundreds more are in development, signaling unprecedented momentum in clean energy investment. More here: https://lnkd.in/gAHeUA6A

#climateactivists and #legislators in #Massachusetts are working together on an #omnibus aimed at reshaping the state's energy landscape. While there's a clear goal of transitioning away from traditional #naturalgas, it's essential to consider alternative pathways that could facilitate a smoother transition to #carbonneutrality by #2050. #renewablenaturalgas presents a promising opportunity to bridge the gap between our current energy infrastructure and a sustainable future. By harnessing RNG, we can #reduceemissions while leveraging existing pipelines and infrastructure, minimizing disruption to communities and industries. As discussions progress, it's crucial to explore all viable options striking a balance of environmental objectives and practical considerations. Ultimately, all parties seek an outcome benefitting both the planet and communities. #rng #energytransition #renewableenergy 

7

3 Comments

The U.S. DOE's investment of over $100 million aims to prepare the grid for a #netzeroeconomy by modernizing infrastructure and enhancing resilience. This initiative supports the integration of renewable energy sources and facilitates the transition to a sustainable energy future, aligning with broader efforts to combat #climatechange and reduce #carbonemissions Greener Process Systems

1

Massachusetts is a powerhouse when it comes to innovation ecosystems. With strengths in key sectors like education, healthcare, biotechnology, artificial intelligence, clean energy, and fintech, the state is at the forefront of transformative advancements. Emerging collaboration, creativity, and growth trends continue to define its ecosystem, supported by a rich history, an innovative environment, and abundant investment opportunities. It’s no surprise that Massachusetts remains a global leader in driving innovation. #InnovationEcosystem #Massachusetts #TechInnovation #Collaboration #CleanEnergy #Fintech #Biotechnology #ArtificialIntelligence #EconomicGrowth #FutureOfTech

8

2 Comments

A nice light read before the holidays outlining the critical economic development and climate legislation that Massachusetts passed this fall. "The passage of the Mass Leads Act represents a significant step forward in accelerating climate innovation, job creation, and economic growth across Massachusetts. By prioritizing investments in climate solutions and supporting the businesses and workers driving this progress, the legislation will strengthen local economies, reduce energy costs, and ensure that communities statewide benefit from new opportunities." - Emily Reichert, CEO of MassCEC "The Mass Leads Act is a bold step forward for Massachusetts and a game-changer for nonprofits. We commend the Healey-Driscoll Administration and state legislators for their commitment to making it easier and more affordable for nonprofits to reduce emissions while driving economic growth. At PowerOptions, we are excited about the opportunities this creates for our Members and look forward to working with partners like MassCEC to ensure these initiatives deliver meaningful benefits. Massachusetts is leading on climate and equity when it matters most." - Heather Takle, President & CEO of PowerOptions. https://lnkd.in/gbkBYPrU

9

White House announces $7.3B clean energy financing for Dairyland Power, 15 other co-ops. The federal funding will support 10 GW in clean energy projects, lowering electricity costs for cooperative utilities in 23 states, the White House said. Dairyland Power Cooperative, Hoosier Energy and United Power are among 16 cooperative utilities that were selected for $7.3 billion in federal funding for clean energy projects. The cooperatives will leverage the funding from the U.S. Department of Agriculture’s Empowering Rural America, or New ERA, program to spend about $29 billion on developing or buying over 10 GW of clean energy, related transmission and substation upgrades and distributed energy resource management software, the White House said Thursday. These investments will lower energy costs for rural Americans and help improve grid performance, resiliency and reliability for rural residents in 23 states, according to the White House. The $9.7 billion New Era program represents the largest investment in rural electrification since President Franklin Delano Roosevelt signed the Rural Electrification Act into law in 1936, the USDA said. Under the program, cooperative utilities can receive a grant for up to 25% of their project cost, with total loans and grants limited to $970 million per cooperative. One of those cooperatives, Tri-State Generation and Transmission Association, plans to use the pending funding to support retiring 1,100 MW of coal-fired generation and buy 1,480 MW of solar, wind and battery storage across Colorado, Nebraska, New Mexico and Wyoming, the USDA said. Meanwhile, Seminole Electric Cooperative plans to use its pending funding to build 700 MW of utility-scale solar and battery energy storage projects across rural parts of Florida. TNi Energy-BESS 1.20MW 10HR LDES, we've innovated a groundbreaking method that repurposes recycled lead-acid batteries, extending their life span to 25 years for C1 to C20 Energy Storage purposes. Previously, the industry lacked a safe and environmentally conscious alternative to lithium | sodium-ion batteries. However, our proprietary technique reveals that lead-acid batteries are not only SAFER but also 60-75% more cost-effective than their hazardous counterparts. Made in the USA #TNiEnergy,#10HRLDES,#ELDES,#C1toC20,#nebulositycloud, #BESS,#C3Energy,#Energy,#LDESSEnergy, #ZEROemmissions, #ZEROcarbon, #energytransistion, #LeadAcid Battery, #windpower, #solarpower, #VPP, #MicroGrid, #DERM, #HydroPower, #BitCoinMining 

1

1 Comment

'Drill, baby, drill' isn't just for oil and gas - it could unlock geothermal energy and geologic hydrogen too. That's the fascinating paradox of climate tech I discussed in a recent TechCrunch feature examining how VCs are viewing the sector's future. The reality is that policy impacts are rarely straightforward - deregulation of drilling and permitting, such as for overhauls in transmission and distribution, could actually accelerate clean energy solutions. Furthermore, the sector has shown remarkable resilience through multiple administrations and market cycles. The core message I shared with Tim De Chant and Rebecca Szkutak rings true: technological advancement and declining cost curves will keep driving solutions forward, regardless of the political situation. The energy landscape continually presents new opportunities at every turn. Worth a read for anyone interested in the exciting future of climatetech investing. https://lnkd.in/gjNdm4DW #ClimateInnovation #VentureCapital #Geothermal #GeologicHydrogen

138

3 Comments

Agrivoltaics make business sense and hopefully will reduce NIMBYISM among many rural communities that host these projects which then often send the energy to more densely populated communities. Our incoming CGO Rob Davis has been at the forefront and we are excited what his experience will do to open more doors for M-RETS to track opportunities beyond the megawatt Clean Energy Buyers Association (CEBA), The Nature Conservancy, Salesforce ( Megan Lorenzen , WWF (Marty Spitzer), Connexus® Energy (sorry for taking Rob away), and from this article I learned that Alliant Energy is also working on this, and Meta are all early and current leaders in this space. https://lnkd.in/gJjN8tsH

14

1 Comment

The #Massachusetts House has passed a landmark bill to accelerate the state's transition to #renewableenergy. Key highlights include: 🔋 Streamlined #permitting process for renewable energy projects 🏭 New measures to boost #cleanenergy supply and #storagecapacity 🌊 Extended contracts for #offshorewind and clean energy projects ⚡ Simplified application process for small clean energy facilities 🚗 Assessment and expansion of #EV #charginginfrastructure This legislation, in tandem with the recently approved Senate bill, aims to achieve #netzero #greenhousegasemissions by #2050. The House and Senate are now working on a unified version to present to Governor Maura Healey by July 31. #climateaction #sustainability #GHG #emissionsreduction https://lnkd.in/ga6J9Rzi

9

1 Comment

Last week, I had the pleasure of moderating a discussion on navigating FOAK in climate tech at the Greentown Labs Summit in Boston (which had >600 people!!). Here’s a quick rundown of what was shared by Katherine St. James of Spring Lane Capital, Paris Smalls, PhD of Eden GeoPower, and Hannah Friedman of Planeteer Capital: 🌱 What is the definition of FOAK? We discussed how the term can be controversial - it's almost too general because it doesn't identify what kind of "First" FOAK refers to - first team project? First geography? First of a technology in a sector? First time for the integration of a system? It's also too specific because it has the word "first" in it, which can be anathema to later stage / project finance investors. 💰 Partnerships for Funding FOAK Projects We discussed how important it is to build a blended capital stack & use off-balance sheet capital for a project so you're not using the most expensive equity dollars to fund an infrastructure project with low-ish IRR. We also talked through being creative about using corporate partners to provide in-kind services or ink some agreement (at least an LOI) to attract this funding. 🏛 Role of Government We talked about how government capital is seen by investors & how it can be catalytic for FOAK. Government capital can provide validation that a startup has passed a rigorous diligence process by a third party - and incentives like grants or credits can help improve returns for the first project- but it's important to be doing this in conjunction with getting customer validation and to be able to present line of sight to competitive economics without concessionary capital. 👥 Advice for FOAK startups The panelists offered some very specific pieces of advice for startups going through FOAK: how to get creative with things like revenue sharing agreements or convertible notes, getting smart with project development early on (like with DeveloperU), being careful about using FOAK too liberally with certain investor groups, getting the right commercialization / FOAK talent in and around you early Huge thanks to the panelists and the team at Greentown Labs (Jill Kirkpatrick, Julia Travaglini, Aisling Carlson, etc you rocked it!!) for hosting this discussion on bridging the FOAK gap. Also immensely enjoyed the rest of the agenda. Check out the full recap & videos here: https://lnkd.in/d9ApYe9Y #ClimateTech #FOAK #ClimateFinance #ProjectDevelopment #GreenTech #CleanEnergy

55

5 Comments

I recently spent time at #ClimateWeekNYC with leaders from across government and industry focused on the climate challenge, energy security and economic development. I was honored to participate in the Clean Energy Superpower Summit, featuring UK Energy Secretary Ed Miliband. Secretary Miliband illustrated his vision to drive economic growth and make the UK a Clean Energy Superpower and we at National Grid are proud to help support that goal. This year, we announced a significant step up in energy infrastructure investment – investing around £60 billion in our energy networks over the next five years. This investment will help unlock economic growth, create thousands of new jobs, and enable the increasingly digital, electrified, and decarbonized economies of the future. We invest heavily in both the UK and the US, and we bring expertise and learnings from each country to the other, for example in offshore transmission and HVDC. #CleanEnergy #Energy

169

𝑰𝒔 𝒕𝒉𝒆 𝑼𝑺 𝑴𝒂𝒓𝒌𝒆𝒕 𝑹𝒆𝒂𝒍𝒍𝒚 𝑮𝒓𝒐𝒘𝒊𝒏𝒈? Throwing is back to American Biogas Council Show in Savannah with Chris Negus from Global NRG Advisory. What's happening in the space currently in terms of Growth? How many Projects are Global NRG Advisory working on? How is Global Serving the US in terms of services and benefiting the industry? How are investors' behaviour changed? Watch Here: https://lnkd.in/dqgjHgPy #BiogasInnovation #RenewableEnergy #GlobalNRGAdvisory #SustainableGrowth #CleanEnergyFuture #BiogasCouncilShow #InvestmentTrends #EnergyEfficiency #GreenTech #EnvironmentalImpact

14

1 Comment