Yesterday I joined the AI Powering the New Energy Era summit, which was dedicated to exploring the impact of artificial intelligence on the energy sector. It was a true honor to share the stage with industry veterans Edwina Kelly of CPP Investments | Investissements RPC, Raymond Wood of Bank of America Merrill Lynch, and Emily Sanford Fisher of Edison Electric Institute, on a panel hosted by Brian Boland of BrightNight. How is AI impacting the energy space? There are two major trends emerging: 1. The use of AI is very energy intensive, creating an unexpected surge in power demand, just at the time when we need to decrease emissions from electric power, and when power demand is also growing from sources like electric vehicles. 2. Technology enabled by AI can also help make the electric power system far more efficient, and help manage the transition to a grid dominated by renewables and other zero-emissions sources. The first trend represents a big challenge, and the second represents a big opportunity. As the panel went on, it became clear that large institutions in the energy sector have a real interest in the new innovation that we support at MUUS Climate Partners. If that innovation can scale, it could provide solutions to some of the greatest challenges in energy today, such as growing power demand from data centers, and the expanding share of intermittent renewable generation. We talked about companies such as Harvest, 3E Nano Inc, and BrightNight. The talk can be viewed here: https://lnkd.in/eEa8ERxa
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Let's go Aepnus Technology!!! Making battery manufacturing cleaner, safer, and more cost effective. Congratulations Lukas Hackl, Bilen Akuzum, Ph.D. and team. Check out the article in TechCrunch.
https://lnkd.in/eEKsViKB Congratulations to Aepnus Technology on its recent seed round funding announcement. We are excited to continue to support Lukas Hackl, Bilen Akuzum, Ph.D., as Aepnus helps battery factories springing up across North America manufacture in a circular and decarbonized manner. Aepnus is electrifying the production of key battery input chemicals via its novel and ultra-efficient electrolyzers. This technology cuts costs, eliminates emissions, and ensures a decarbonized and circular domestic battery supply chain in the United States.
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"Advanced computing is starting to serve utilities..." As the rise of AI is contributing to a near-doubling of five-year energy load forecasts (from 2.6% to 4.7% growth), AI is also at the core of some of the innovation to solve the biggest problems in climate and energy. A couple of weeks ago I was in a room of investors who were asked if it's "too early" to be investing at the nexus of AI and climate. I was surprised to even hear the question, because we've been doing it for years. This article from Utility Dive highlights three companies in which MUUS Climate Partners was an early investor: - BrightNight, which created an advanced simulation tool to optimize the design and operations of clean energy projects; - Amperon, which has built the world's most accurate energy demand forecasting system; - Utilidata, which has partnered with NVIDIA to deliver the first distribution system AI platform. If you're interested in the AI-climate nexus (and not just the buzzwords, but the actual solutions being built and deployed), this article might be of interest. https://lnkd.in/evkkY4nX
As NVIDIA, IBM and others apply AI to boost utilities, regulatory and data privacy obstacles abound
utilitydive.com
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Looking forward to speaking with family offices at the Institutional Investor symposium about why sustainability is a winning investment strategy, if you know the right places to look!
In under a month, the European Single Family Office Symposium is convening over 70 of the most influential industry leaders and family office decision-makers. Don’t miss out on our three-day agenda taking place on June 17–19, 2024 at The Beau-Rivage Palace, Lausanne, Switzerland that will facilitate profitable discussion and debate around the most important topics. We are pleased to highlight the following panel - The Next Gen of Sustainability and Impact Toolkits Moderator: Paul Reynolds, Symposium Chairperson Aisha Williams, Founder and CEO, ImpactVest Tongai Kunorubwe, CFA, Head of ESG, Fixed Income, T. Rowe Price Benjamin Wolkon, Partner, MUUS Climate Partners Lara Nuchowicz, Principal, AR Capital Family Office For more information and to secure your place at this event, register your interest via the link below. https://bit.ly/3K9QR4D Institutional Investor #singlefamilyoffice #europe #sustainability #impactinvesting
Don't miss this years European Single Family Office Symposium
iinow.com
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Sometimes I feel compelled to public transit post. Those times are usually when I’m traveling during rush hour from my office to JFK, and it costs me under $20 and takes about 50 minutes door to door. My preferred route is Subway to Penn Station - LIRR - Airtrain. It’s about the same cost and time from anywhere in midtown or lower Manhattan. As you can see from the picture, had I taken an Uber instead, it would have cost over $130 (6.5x) and taken an hour and 20 minutes (>1.5x). But so many people I know, especially business travelers who are expensing their travel, still opt for the car. Taking public transit reduces traffic and emissions, and has a positive feedback loop of creating the case for more funding to improve public transit. In most US cities, transit sucks. New York is one of the few with a decent system, though that’s just by US standards. It’s nothing compared to Switzerland or Japan, where traveling by train is even faster compared to cars, and often a high quality travel experience similar to business class flying. But New York has good enough transit that using it is often the fastest way to get where you’re going. Great to remember next time you’re thinking about getting that car to the airport.
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Now that’s some good in-flight entertainment! Nice to see Steve Wolf on the Today Show this morning, talking about the technology that Team Wildfire built to combat wildfires. MUUS Climate Partners invested in Team Wildfire last year. Wildfires are becoming more frequent and severe due to climate change, and, unfortunately, they also accelerate climate change due to the deforestation and emissions released in combustion. Team Wildfire is building products to reduce the severity of these fires, using jet engine technology to spray water and fire suppressant hyper-efficiently and at ultra-high speeds, while controlling microclimate conditions such as wind. Deserving of the national coverage it received today!
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