Daniel Kriozere

Climate Capital Guidebook: The Biden-Harris Administration is releasing a new Climate Capital Guidebook to provide a simple, comprehensive map of capital programs across the federal government that are available to climate-related start-ups, small- and medium-sized businesses, and their investors. While larger, institutionally-backed climate companies may have the resources to identify and access federal funding opportunities, smaller enterprises may face greater challenges in navigating these federal programs. https://lnkd.in/eJ3QV4Fw #climatechange #climatetech

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In 2023, the largest segments in the climate tech vertical were low-carbon mobility, industry, grid infrastructure, intermittent renewable energy sources (solar and wind). 50 VC deals for climate tech companies in 2023 exceeded $150 million, and of these, nine exceeded $500 million. Companies that need a lot of capital to execute on a big vision can succeed today. #climatetech #climateVC #climate

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Karen Herter, this is an incredibly timely and helpful report. Most telecom and energy engineers are focused on deploying two-way networks and IP connectivity to everything. In contrast, this report provides strategic quantification of the benefits of using multiple existing networks to provide hyperconnectivity to demand response devices. Well done!!!

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🇺🇸 The U.S. Federal departments and offices have just released the "Voluntary Carbon Markets Joint Policy Statement and Principles”. We at International Carbon Registry celebrate more clarity on the direction of this important market and its role in the climate crisis. Notable developments include: • The emergence of multi-stakeholder initiatives that have set out standards and principles for high-integrity credit development and responsible credit use; • Improvements to key crediting methodologies, their guiding standards, and tracking systems; • New and improved analytical products and services that aim to strengthen credit transparency and quality comparability, such as carbon credit rating services; • Technologies to support robust measurement, monitoring, reporting, and verification (MMRV); • Multilateral rules, guidance, and procedures developed under Article 6 of the Paris Agreement and the international aviation sector's global carbon market-based measure, which shape certified emissions reductions and removals that often find their home in VCMs'; and • Advances in the development of market infrastructure to improve transparency and liquidity, as well as the integrity of market transactions.

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New technology analysis post coming next week, today I'm sharing my article on the origin and evolution of offsets. it's important that we keep in frame how long it can take to develop new solutions and how much of that goes on without public awareness. To be successful in addressing climate change we need a variety of strategies and we need broader buy-in. VCMs are imperfect but improving and they are acting as the proving grounds that will help regulators and policy wonks to act with greater authority and confidence. Take a peek and let me know where you agree or disagree. p.s. if you have special requests for analysis articles, or want to talk about the problem you're tackling, drop a comment.

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Great work by Synapse Energy Economics, Berkeley Lab and E4TheFuture in codifying Distributional Equity Analysis for distributed energy, and elevating it as and equal companion to Benefit-Cost Analysis. I'm hearing growing equity concerns about DERs - e.g., rising rates for renters/households/business who can't quickly weatherize/electrify/buy solar/storage/EVs; those "left behind" on natural gas. What if a project/program/investment passes BCA but worsens equity? Awesome to see these questions go mainstream - and a rigorous approach! I am looking forward to working on DER equity analysis! DOE page links to a long and short guide, and registration for a June 25th webinar: https://lnkd.in/gsC2WhKy #energyequity #distributedenergy #energyjustice

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"The Cleantech Revolution: It’s exponential, disruptive, and now" by RMI By 2030, we will install 1,000 GW of solar and sell 6,000 GWh of batteries annually. This will 3x renewable capacity, 2x electrification rates, and boost efficiency by over 3% yearly. The fossil fuel era is ending. With 75% of fossil fuel demand at risk from cleantech, stranded assets are inevitable. Investment in #cleantech is accelerating, with the second trillion coming in just four years. Cleantech costs drop by 20% with every doubling in deployment, falling up to 80% in a decade. China leads driving half of cleantech growth, joined by robust expansion across the OECD and Global South. Source: Kingsmill Bond, Sam Butler-Sloss, Daan Walter from RMI

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For anyone who will be at IEEE Power & Energy Society T&D Conference feel free to stop by our panel session on #EVs and #gridreliability. Will be an interesting cross-sector discussion including technology provider, independent system operator, and utility perspectives among others. E-mobility is driving the blending of Transmission and Distribution system planning, design, and operations. Particularly with the growing prevalence of distributed energy resources, IoT and grid-edge technologies, and virtual power plants (#VPPs).

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If you want VPP - ‘virtual power plants,’ first define them ... Clarity around terminology and end goals can break through years of policy inertia. After a period of relatively slow growth, virtual power plants are having a moment. A recent Brattle Group study finds VPPs could save California consumers over a half-billion dollars per year. PJM mostly finalized its VPP rules in late 2023, shortly after the Department of Energy’s “Pathways to Commercial Liftoff” report offered a U.S. roadmap for VPP deployment. Every other week, it seems, there’s news about a successful VPP pilot or financing for a new large VPP project. The discourse around VPPs is broken Virtual power plants are aggregations of distributed energy resources that can function as a single resource to provide certain services associated with traditional power plants. And while it’s a virtue that VPPs can include diverse resources and offer a variety of services, their complexity has often hindered policymaking efforts. Level 1 VPP: Utility program where individual DERs respond to utility signals to provide grid services. (Examples: Massachusetts’ Connected Solutions program and California’s Demand Side Grid Support program.) Level 2 VPP: DERs are aggregated into a “fleet” that responds as one resource to a utility’s call for grid services. (Example: SunRun VPPs in contracts with PG&E and California Community Choice Aggregators.) Level 3 VPP: DERs are aggregated into a “fleet” that operates as one resource in a wholesale market while staying coordinated with the local distribution utility. The fleet and individual DERs may also provide retail market services. (Example: FERC Order 2222 aggregations, when they appear.) Again, the purpose of defining terms like “virtual power plant” — or “energy storage,” “resilience,” etc. — isn’t to uncover some sort of existential truth about these resources. Nor is it to constrain anyone’s marketing efforts — go ahead and call your VPP offering whatever you want. Patented TNi Energy-BESS, we've innovated a groundbreaking method that repurposes recycled lead-acid batteries, extending their life span to 20 years for energy storage purposes. Previously, the industry lacked a safe and environmentally conscious alternative to lithium-ion batteries. However, our patented proprietary technique reveals that lead-acid batteries are not only safer but also 50-60% more cost-effective than their hazardous counterparts. #TNiEnergy, #nebulositycloud, #BESS, #C3Energy, #Energy, #ZEROemmissions, #ZEROcarbonfootprint, #energytransistion, #LeadAcid Battery, #windpower, #solarpower, #VPP, #MicroGrid, #DERM

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Must See Webinar: How the Inflation Reduction Act (IRA) is Creating New Pathways for Grid Decarbonization 🔌🌿 Join us for a crucial discussion on Pathways to IRA: Pioneering New Routes for Grid Decarbonization. This in-depth session will unravel the transformative role of the Inflation Reduction Act’s (IRA) Tax Credit Transfer in fueling diverse opportunities for greener energy solutions. 🔍 Dive deep into: - The mechanics behind IRA’s groundbreaking tax credits for standalone storage. - Strategies for unlocking utility-scale storage solutions. - The significant impact on bolstering the surge of renewable energy. 🚀 Whether you’re an industry professional, an environmental advocate, or simply curious about the future of energy, this webinar promises to provide invaluable insights into the innovative financial structures driving our grid's decarbonization. Watch now: http://spr.ly/6045bLBLJ #Decarbonization #SustainabilityStrategy #GreeningTheGrid #SustainableBusiness #Webinar #EnterpriseCaseStudies

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Networking is crucial for job hunting, but many have fear, get stuck, and don’t know where to begin. Here’s a proven technique that works for our climate-motivated job seekers to break into the space and create real opportunities for themselves through active job listings and accessing the "hidden job market". ➡️Step 1: Narrow Your Focus Target Specific Roles: Pick 1-2 job titles. (If you’re not looking to leave your non-climate job, Drew Wilkinson has tons of resources for you) Target Specific Climate Verticals: Use resources like Work on Climate, MCJ Collective, ClimateTechList, Climate Tech Action Network, Terra.do, OnePointFive (opf.degree), Voiz Academy, Project Drawdown and Climatescape to identify the climate solutions you're most passionate about. ➡️Step 2: Identify Companies Leverage LinkedIn: Follow relevant companies and executives. Explore Accelerators: Find innovative companies through climate-focused accelerators. Use Market Maps: Identify key players in specific climate sectors (Sightline Climate (CTVC) has lots). Climate Specific Job Boards (hey ClimateTechList, Climatebase, The Green Jobs Board - greenjobsearch.org) ➡️Step 3: Connect with the Right People Search Smart: Use job titles and keywords to find contacts. Ask for Referrals: Get introduced to relevant people. Use #OpenDoorClimate: Find professionals open to networking (s/o Daniel Hill). ➡️Step 4: Build Genuine Relationships Be Prepared: Have specific questions ready. Show Authenticity: Treat networking like building friendships. Express Gratitude: Always thank and follow up with your contacts. ➡️Step 5: Enjoy Networking Engage in Fun Activities: Network in environments you enjoy. Be Yourself: Authenticity builds stronger connections (Laurie McGinley teaches this exceptionally well). ➡️Step 6: Test and Track Outreach Experiment: Try different message templates and track their success. Stay Organized: Keep records of your outreach and analyze what works (here’s a template that can help: https://lnkd.in/eSf7TiEV) ➡️Step 7: Handle Rejections Be Proactive: Keep reaching out and participating actively. Normalize Rejections: Understand that rejections and lack of responses are part of the process. ➡️Step 8: Showcase Your Value Highlight Unique Skills: Clearly articulate what sets you apart (This is Mona Johnson, MS’s specialty). Address Challenges: Understand and solve the company's pain points. ➡️Step 9: Join Climate People's Climate Career Bootcamp! Get Practical: Our 4-hour session provides templates, resources, and confidence to enhance your job search. It’s jam-packed with actionable steps and will give you access to our network. This session is geared towards highly-motivated job seekers ready to put in the work! Learn more about the Bootcamp here! https://lnkd.in/epFH3xxx Read more of this networking advice in our most recent blog:  https://lnkd.in/eG4S3sQY 

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Disappointing Decision by CPUC: A Setback for California's Solar Growth On May 30, 2024, the California Public Utilities Commission (CPUC) made a disheartening decision, approving a revised proposal for the state's community solar program, supported by major investor-owned utilities. This decision ignored a promising alternative proposed by a coalition of solar advocates, ratepayer groups, and labor unions. The rejected proposal, based on a Net Value Billing Tariff, aimed to compensate community solar subscribers fairly and boost renewable energy capacity. The approved decision makes only minor changes to existing programs, which have already failed to foster substantial renewable energy growth. Derek Chernow from the Coalition for Community Solar Access criticized the decision, stating it disregards the demands for a functional community solar program and solidifies California's lagging position in community solar markets. Similarly, Aaron Halimi of Renewable Properties expressed concern that this decision will deter investment in community solar projects, undermining the state's climate goals and efforts to reduce electric bills for low-income residents. Stephanie Doyle of the Solar Energy Industries Association emphasized that the CPUC's decision favors utilities' financial interests over the needs of low-income Californians and renters, further blocking their participation in the clean energy economy. She called for intervention from Governor Newsom and state leaders to prevent further setbacks in California's clean energy progress. This decision marks a significant missed opportunity for California to lead in community solar, leaving solar advocates deeply disappointed. #CPUC #CommunitySolar #RenewableEnergy #SolarGrowth #CleanEnergy #CaliforniaSolar #EnergyEquity #Sustainability #ClimateGoals https://lnkd.in/gbe8rmrm

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Corporate investments in climate-tech have consistently increased since 2005, even when other sources of investment declined. The startups they invest in are more likely to achieve a successful exit. Public grants are not significantly associated with exits on their own but are likely to act as catalysts for high-risk startups. Publicly funded startups exit at a higher rate with the addition of corporate investment (155% increase) compared with other private investment (78% increase). #climatetech #corporateVC #venturecapital

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Wanted: "Effective Climate Action" 💪 Can we have something like GiveWell for climate action? I love the concept of "Effective altruism" which I learned about from the TED talk of Peter Singer. Most people I talk to are concerned about climate change and are willing to do something, but find it hard to understand which actions have a good impact. And its not only money one can give, but also time, change in their own behaviour (e.g. eat less meat), using your political vote and investing your brains and muscles by working for companies with a positive climate impact. Do you have any tips for platforms that can be recommended for effective climate action? #effectivealtruism #effectiveclimateaction

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Very happy to see this important report on non-pipeline alternatives published with RMI. In the #energytransition we must consider where, when, and how to decarbonize, leveraging the #gas and #electric infrastructure we have where possible. Well done, Karsten Barde, Courtney Eichhorst, and Justin Klingler!

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Getting into the climate sector is tough. Particularly right now. Part of the solution is gaining more knowledge. Michael Applebaum put together a great list of resources (see the comments for the link). My personal favorites are the following. - Communities: MCJ Collective - Job Boards: ClimateTechList - Learning Experiences: Climate Drift, Terra.do - Newsletters: Sightline Climate (CTVC), Climate Drift Good luck to everyone on this journey!! #climateaction #climatetech #climatecareers

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Several cleantech tools/platforms were worth highlighting this week Cloover expanded embedded financing solutions to increase renewable adoption. The average household says that coming up with over $1,000 would be difficult, yet countries want high rooftop solar penetration, which often requires upfront payments. Financing for rooftop solar expands the addressable market by eliminating prohibitive upfront costs. It will be interesting to see if they get pushback from providers that make margin on high-cost loans - hopefully they can win the market from those players. Verse recently completed its $20 million Series A to provide software that helps companies reduce electricity costs/emissions. Major companies, especially tech companies, are becoming energy companies as their emissions and power needs/costs become the most significant barriers to growth. They face accelerating power demand curves from AI while their emissions commitments are fast approaching - many picked 2030 for their environmental targets because it was a nice round number that seemed far away. We expect the scramble for solutions to continue and drive usage of Verse and other solution providers. Plural Energy recently completed a raise to expand its platform, which allows investors to access renewable investments. Expect democratized access to renewable investments to be a growing trend, as most public equities only offer varied exposure, and those investments are rarely primary funding that goes towards the completion of a project. Lots of good builders in this space, like Goparity | Impact finance, providing solutions. Take a look at our latest summary of these and many other useful tools in the comments.

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