BMW Foundation Herbert Quandt’s Post

What a through provoking dinner that I was honored to moderate co-hosted by Breakthrough Energy and Decarbonization Partners. Thank you to all the guests who joined us. 👂 The scale of the challenge requires us to rise to the challenge of scale 🌍 🏗 Build! Build! Build! Companies must prioritize building a demonstration project swiftly before venturing into a first-of-a-kind #FOAK commercial project. Project development is as crucial as business development; securing the right expertise in the #teams or the #board and industrial partners is imperative. 🚆 Fast-tracking Execution. Lengthy policy-making, project execution, and administrative procedures hinder #scale. Effective support mechanisms exist, such as #taxincentives (think #IRA) and public guarantees (European Investment Bank (EIB), but they need expansion for optimal support to clean technologies. 💰 Making the Most of Available Capital. Strategically using limited public resources is a #must, focusing on areas where countries, #companies and #innovators have with clear competitive advantages and technological leadership. #blendedfinance solutions are also essential for efficient collaboration between public support and private capital. Think #EUCatalyst partnership. 📈 Finding the Right Revenue Models. Finance providers require stable contractual frameworks for predictability in revenue models. Identifying suitable #offtakers and tested support mechanisms, like tax credits and contracts for difference, is crucial. In a challenging environment, predictability is even more important than affordability. But we also need to work harder to #mobilize more #project finance and #infrastructure funds. 📅 Check Your Risk Appetite. Cleantech businesses, being #capex-intensive with lower margins, need tailored #financing and risk-sharing partnerships. This will require finding the right partners to cover the different types of risk, with the right contracts in place. This doesn't apply to investors only; each organization involved in a project needs to take part in risk sharing, including EPC companies and other players. 🌐 It Takes a Village. Cleantech's risky market necessitates collaboration; partnerships should be purposeful and part of a well-defined industrial strategy. Creative approaches, including #publicprivatepartnerships and global collaboration, are essential for scaling. Trade policy can play a role in developing supply chains. The EU and the US should lead by example by establishing a clean transatlantic marketplace, which could start with critical minerals. Huge thanks to Mario Fernandez Ian Kitchenham Ann Mettler Mariano Berkenwald Penelope Le Menestrel Alison Menon Eric Slawter, CFA Ricardo Ros @maya rose David Turk Evelyn Wang Danielle Baron Irene Gálvez Anne-Laure de Chammard Arnaud Caudoux Jean-Francois CIRELLI Timur Gül Jules Besnainou Vaitea Cowan Leah Ellis Laurent WolffsheimJohn O'Donnell Omar Meziane Karl White

Many of the technologies needed to build our net-zero future are ready to scale but are hindered by a lack of investment decisions. Ahead of the International Energy Agency (IEA) Energy Innovation Forum in Paris, Breakthrough Energy and Decarbonization Partners brought together key policymakers, investors, innovators, and private sector partners to review recent advances and lessons learned. We discussed the obstacles and opportunities ahead to unlock the potential for scaling up clean technologies.

#POWERGEN24 | AUGE joined the forefront of energy innovation at POWERGEN International 2024 in #NewOrleans (Jan 23-24). This key event united experts shaping a more sustainable energy future. As #manufacturers of products crucial for #cleanenergy operations, we gained valuable insights to refine our offerings. The connections and knowledge we acquired are steppingstones towards enhancing our role in the clean energy landscape.

Do not miss the third presentation in the framework of the Lecture series on Enablin Technologies for the Clean Energy Transition. Our next speaker is Julio Romero Agüero (Quanta Technology, LLC). Registration is available here: https://lnkd.in/eQUAvu8y. The lecture series is financially supported by the Luxembourg National Research Fund (FNR) #LISTenvironment Luxembourg Institute of Science and Technology (LIST) #energytransition #energy #digital #climatechange

CHECK OUT THE PROGRAM: ERC EVENT MATCHING ENERGY SUPPLY AND DEMAND FOR INDUSTRY | 4 JUNE | NBC Nieuwegein 📢 We are pleased to announce that the agenda for our upcoming event hosted by Siemens Energy and TenneT is now available! ➡ Check it out here: https://lnkd.in/ebNEDY_F and register Speakers from the energy, chemical and manufacturing industry, government, science and industry associations will discuss: 📌 How can industry transform to contribute to Dutch and European climate targets, maintain production in The Netherlands and neighboring EU countries and keep its license to operate? 📌 What are the main bottle necks that businesses and industrial clusters encounter and how can we remove these? 📌 What policy incentives are being developed at national, European and international level to support new business models and activate new value chains? 📌 How to design and build the right size of new infrastructure for the electrification of industry, for hydrogen use in industry and to capture and transport CO2? 📌 What makes a project, technology or business commercially viable and what are investors looking for? 🔎 Focus Groups We will soon share more details about the Focus Group agendas. The new Focus Group on #System #integration will come together for the first time on 4 June 2024 in a joint session with the #Hydrogen Focus Group and the Focus Groups on #CCUS and Financing Energy Transition will also join forces and offer a combined session. Jan Prins Koenraad van Hasselt Rene Peters Gisele Widdershoven, MBA Barthold Schroot Eveline Otten Marlou Bergboer Connie Prins- van Baren Michiel Engelaar Brigitte Jacobs-van den Eijnden Andreas ten Cate Sander De Jong Joyce Conings Jonah Poort Ilsa Maria Sillekens

I recently had the privilege of attending another @ETZ Xchange Networking session, and I'm thrilled to share some key takeaways and insights from this impactful experience. The event brought together leading experts, innovators, and visionaries in the energy sector, all united by a common goal: accelerating the transition to sustainable energy. 🔋 Key Highlights: • Innovative Technologies: The latest advancements in renewable energy sources, storage solutions, and smart grid technologies were showcased. It's inspiring to see how these innovations are shaping a greener future. • Collaborative Efforts: There was a strong emphasis on partnerships and collaborations across industries. It’s clear that achieving our energy goals requires collective effort and shared expertise. • Policy and Regulation: Discussions around policy frameworks and regulatory support highlighted the crucial role of governments in fostering an environment conducive to energy transition. • Sustainable Practices: Real-world case studies demonstrated how companies are successfully implementing sustainable practices, leading to significant reductions in carbon footprints. 💡 Personal Reflections: Attending this event reinforced my belief in the power of innovation and collaboration. It was encouraging to see so many passionate individuals and organizations committed to making a difference. I’m more motivated than ever to contribute to @Offshore Energies' efforts in driving sustainable energy solutions for our customers. 🌍 Looking Forward: As we move forward, let's continue to push boundaries, embrace new technologies, and work together towards a cleaner, more sustainable future. I'm excited to bring these insights back to our team and explore how we can integrate these learnings into our projects. Thank you to all the organizers, speakers, and participants for an enlightening experience. Let’s keep the momentum going! 💪 #AirLiquideOffshoreEnergies #EnergyTransition #Sustainability #Innovation #RenewableEnergy #CleanTech #FutureOfEnergy

Paris, Feb 13 and 14 - International Energy Agency (IEA) Energy Innovation Forum ( first ever) and IEA Ministerial Meeting Great to see all continents and key stakeholders being represented to celebrate the 50th Anniversary of the founding of the IEA and to exchange on next steps. Several roundtables were of key importance to define the next steps: “Reflections on 50 years of global cooperation and future needs”, “Defining an agenda for action for the IEA and other stakeholders”, both allowing to reflect on the great extent to which energy technologies have been transformed over recent decades and how innovators and entrepreneurs, public and private partnerships, investors, and governments have been central to these successes. An opportunity to hear about the energy innovation priorities of key stakeholders and countries and their visions for international cooperation in coming years and communicate the importance of acting quickly and engaging all stakeholders around the world towards net-zero and energy security. One of the slides shared by IEA to start the discussion of these two days ( see below) shows the “global trend of VC investments for energy startups, which fell 23% in 2023, symptomatic of the tougher conditions that entrepreneurs and innovators are facing, including higher capital costs.” At Breakthrough Energy , we accelerate the transition to net-zero and to adapt to climate changes, we invest in companies ( more than 100 to date) that can: -Create technologies with the potential to reduce greenhouse gases, at scale, by at least a half a gigaton every year ( 1% of global emissions) -Attract other investors -Fill critical gaps in climate technology Net-zero : there has never been a project of this scale, not even close. It is not only an energy transition but a true and deep transformation. Together, we will win. #cleantech #europeanunion #netzero #innovation #entrepreneurs #finance

Did you miss our webinar yesterday? Check out the recording below!

⚡ What is the role of emerging technologies in the energy space? Marek Tadeusz Wolek, SVP, Chief Strategy and Commercial Officer will moderate a panel discussion with the investment community exploring new technologies in the energy sector at SuperReturn Energy 2023 in NYC on Nov. 8. They'll explore various topics including the best model for long duration storage technologies, how new technologies help produce sustainable fuels, and investment opportunities in the energy tech space. #energystorage #climatetech

Germany emerges as a frontrunner in #cleantech production within the #EU, leading in various sectors such as #windpower, #solarenergy, and #heatpumps, according to a recent report by Brussels-based think tank Bruegel. With over 400 #cleantech manufacturing #plants analysed, Germany stands out as a central hub, hosting the highest number of facilities across the continent. Notably, Germany leads in #solar and #wind technologies, with substantial manufacturing facilities in both sectors. Despite #cleantech data fragmentation, Bruegel's European Clean Tech Tracker aims to provide comprehensive insights into the evolving landscape. This initiative coincides with the EU's heightened focus on bolstering the #greentech industry, exemplified by the recent provisional agreement on the #NetZero Industry Act. Despite stagnating clean tech investments in Europe in 2023, the region continues to outpace the U.S. in overall investment, underscoring its commitment to #sustainability and #technological advancement.   #CleanTech #RenewableEnergy #Germany #EU #Sustainability #GreenTech #Innovation #ClimateAction #EnergyTransition #Brussels #NetZero