Lazard

Lazard's 2024 Levelized Cost of Energy report analyzes the levelized costs of energy from various generation technologies, energy storage technologies and hydrogen production methods. Read this year’s findings here: https://lnkd.in/eia4RZ4j   Roland Berger

“The IRA, specifically the Production Tax Credit, the Investment Tax Credit, and, increasingly, Transferability, have a direct and critical impact on the economics of wind, solar, and batteries," said Samuel J. Scroggins, Power, Energy & Infrastructure Managing Director at Lazard, to David Gaffen at the Reuters Global Energy Transition yesterday. "There is forming, and has formed, a real marketplace, where Transferability is being underwritten and financed. Further, there is an increasing interest and focus on the utilization of the Energy Community credits allowed by the IRA.”     Drawing from key findings in Lazard’s 2024 Levelized Cost of Energy report, Sam highlighted several critical factors shaping the current energy landscape. These include, among others, the increasing use of artificial intelligence, potential supply chain complexities, including related to onshoring, and the impact of increasing power demand.   In closing, Sam emphasized the evolving dynamics of power demand, supply, delivery, onshoring, and reindustrialization. “All of these [factors] are impacting the energy landscape in a significant way and are changing rapidly. [The energy transition], while important, will be complex, costly and is going to take a long time. The result is that we will need a diverse generation fleet for the foreseeable future.”   #GT2024

Lazard’s annual T500 Conference in London welcomed more than 850 attendees – comprised of the most exciting private growth companies in Europe, alongside a network of leading global investors. Over three packed days, industry leaders and key contributors to the Venture & Growth ecosystem engaged in inspiring keynotes, fireside chats, and panels. Topics ranged from the relevance of technology in Europe to the transformative impact of artificial intelligence, and more.   Thank you to our incredible speakers, organizers, and sponsors for making this year’s conference a resounding success. We look forward to building on these connections and driving the future of innovation together! #LazardT500

Lazard acted as lead financial advisor to Rivian in its announced joint venture to create industry-leading vehicle software technology and strategic investment by Volkswagen Group. The transaction included the initial $1 Billion investment in Rivian, with up to $4 Billion in planned additional investment.

CEO Peter Orszag recently sat down with Francine Lacqua from Bloomberg's The Pulse in London to discuss how Lazard's strong brand, remarkable people, and renewed sense of ambition will continue to propel the firm forward globally. 

As we near the end of June, our #SummeratLazard is in full swing! This week, we kicked off our Milan Summer Insights Programme. Over the coming weeks, the students will gain hands-on experience by working closely with our bankers on projects, have the chance to meet with industry leaders, and learn about our firm.

Our Global Head of Power, Energy & Infrastructure, George Bilicic, joined Bloomberg Markets with Sonali Basak this afternoon to discuss findings from Lazard’s 2024 Levelized Cost of Energy report. During the interview, he emphasized the critical need for a diverse mix of energy generation resources to support growing consumption demands, driven by increased artificial intelligence usage and the increase in onshore manufacturing. Click here to watch the full segment: https://lnkd.in/dfjYwPWf

We’re excited to share that Ali Syed will join Lazard as Head of Sovereign and Pension Fund Coverage. Ali’s appointment serves as an additional milestone in our strategic growth plans within Lazard Capital Solutions and the firm’s efforts to expand coverage of Sovereign and Pension Funds globally. Welcome to Lazard, Ali!

While this year’s leveled cost of energy (LCOE) averages presents a fairly stable picture overall compared to last year, a closer look shows that the low ends have increased for the first time, while the high ends have decreased. Learn more in the 2024 LCOE report: https://lnkd.in/eia4RZ4j

On June 6, Lazard CEO Peter Orszag was awarded the Foreign Policy Association Medal during their Annual Dinner. As Peter shared in his remarks, “Lazard has always prided itself on the ability to combine business insight with strong engagement in public policy, from the groundbreaking work that Felix Rohatyn did during the New York City fiscal crisis almost 50 years ago, to our geopolitical advisory team who helps clients navigate today’s complexities.” This prestigious award acknowledges individuals who demonstrate responsible internationalism and work to expand public knowledge of international affairs, and we congratulate Peter for this recognition. Click here to learn more: https://lnkd.in/eMnq3Sga