Great to be part of the Breakthrough Energy Summit in London this week! Solving the #FOAK challenge through smart financial structuring is precisely how the exceptional founders of our portfolio companies are growing their business. Keep up the stellar work! ecoLocked, Heatrix, ICODOS, Spark e-Fuels, WeDoSolar
🌍 Just got back from the Breakthrough Energy Summit in London. What did I learn? 1️⃣ The quality of climate tech #founders is getting ever stronger. Many of the world's smartest people are focusing all their energy on climate solutions. 2️⃣ There is increasing clarity on how to #scale asset-heavy startups by focusing on cost and scale before anything else. Thank you to Mario Fernandez of #BECatalyst for drilling down this point! 3️⃣ Nobody seems to know how we can price-in the long-term benefits of climate tech for investors. That's why we see #IRR expectations in line with fossil investments, typically ranging from 15-25% p.a., depending on asset class. This adds additional pressure to the green premium and makes it nearly impossible to close the #FOAK Finance Gap. Insurance firms stand to benefit the most from fewer climate-triggered disasters. Any pointers on how to price in future impact to today's IRRs? 🤔 A big thank you to Breakthrough Energy for the incredible lineup, highly valuable mix of founders, investors, and decisive policymakers. Plus, the space for highly valuable side events, including by the Energy Resilience Leadership Group. It was great to connect with the European cleantech champions. Thank you 🙌🏼 Ann Mettler, Philipp Offenberg, Maria Leis, Julia Reinaud, Mariano Berkenwald, Jules Besnainou, Magnus Agerström, Bianca Dragomir, Sarah Mackintosh, Federico Cuppoloni and many more! Special thanks to Yair Reem, I finally got my FOAK T-Shirt! 👕 #BESummit24 #ClimateTech #BreakthroughEnergy #Sustainability #Innovation #Cleantech #GreenEnergy #Summit
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