Jonathan Chang

What's the untapped opportunity in GP stakes? Hear 30 year asset management industry veteran Todd Owens, Co-Founder & Managing Partner at Cantilever Group, discuss why GP stakes has become a solution for asset managers and why the middle-market is an underserved and attractive segment of alternative asset management. Todd and I had a fascinating conversation on the latest Alt Goes Mainstream podcast. We discussed: * The evolution of alternative asset managers from Todd’s perspective as a banker to many alternative asset managers. * Why GP stakes has become a solution for alternative asset managers.  * Why and how alternative asset managers are businesses and why it can make sense for them to take investment to grow. * The benefits of GP stakes for investors and why the growing AUM of private markets means investors could benefit from exposure to GP ownership. * The risks and challenges with GP stakes as an investment strategy. * Why the middle market is an underserved and attractive segment in alternative asset management. * What the currency of consolidation will look like in alternative asset management. * What it means to grow and evolve a business as an alternative asset manager. Thanks Todd for coming on the show to share your wisdom and expertise on alternative asset management. Special thanks to our sponsor Ultimus Fund Solutions for their support of Alt Goes Mainstream. https://lnkd.in/gwdVUV7j

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JUST IN - New Study: How Bitcoin Mining reduces Methane Emissions on Landfills "In this study, we reveal it is not only feasible but economically viable & environmentally beneficial to use landfill gas for Bitcoin mining" TL;DR: ♻ "In the span of 240 days, we prevented the release of ~1.3 million SCF of methane into the atmosphere" 🚘 "over the course of 240 days, the project mitigated the equivalent of 6,627 gas-powered passenger cars" 💡 "techniques and insights gained from this project open the door to new opportunities at landfill sites [to turn] wasted energy sources into productive, more sustainable assets" https://lnkd.in/gCNwgZeP

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In this edition of the Green Molecules™ Journal, the Energy Capital Ventures ® team recaps the amazing #greenmolecules #innovation from the recent ARPA-E Summit. Let us know what you thought of the event and future of innovation. #energy #naturalgas https://lnkd.in/gxMdJji9

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In early June 2024, I had the pleasure of participating in a fireside chat with Amy Rotman during the 121 Mining and Investor Summit. We talked about Nucleation Capital and our thesis revolving around the importance of nuclear energy as a tool in the energy transition. I described some of the new technologies being developed or refined to make nuclear systems that are able to serve the needs of a much larger customer base than the one served by monopoly electric utility companies that wanted huge central station power plants. Industrial heat and electricity production on a smaller scale are driving forces leading developers to configurations that allow higher operating temperatures at lower pressures. We also talked about the business model innovations being pursued, including the idea of companies that build, own and operate fleets of nuclear reactors while selling heat and power under long term power purchase agreements. https://lnkd.in/ecg-grGx

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#Ørsted Energy developer Ørsted announced that it has received a $680 million investment in tax equity financing from J.P. Morgan, aimed at funding the construction of new solar and storage projects in Texas and Arizona. According to Ørsted, the investment marks one of the largest solar and storage tax equity transactions using a combined production tax credit (PTC) and investment tax credit (ITC) structure since the passage of the Inflation Reduction Act (IRA). Signed into law by President Biden in 2022, the IRA allocated nearly $370 billion through a series of tax credits, loans, grants and subsidies to areas including renewable energy and industrial decarbonization solutions, and for the first time made these tax credits transferable, creating a new mechanism for funding energy transition projects. https://lnkd.in/dc6j5SEe

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Last week Peak Energy announced its $55M oversubscribed series A, which Xora Innovation led, joined by lead seed investor Eclipse (Greg Reichow, Ryan Gibson), as well as TDK Ventures (Anil Achyuta), TechEnergy Ventures (Alejandro Solé), Doral Energy-Tech Ventures (Roee Furman), Lachy Groom, and Tishman Speyer (David Aron). Special thanks to 🌱🤝🌍 Anil Achyuta for the original introduction.   Peak is commercializing a new standard in grid-scale energy storage systems based on sodium-ion batteries. Peak’s market is benefiting from the twin tailwinds of renewables and AI, and the company has just the right founding team to scale at "ludicrous speed".   Landon Mossburg, Co-Founder and CEO, is one of the most phenomenal team builders we have had the privilege of backing. He brings deep experience in building battery gigafactories from his prior role as Chief Automation Officer of Northvolt, where he didn’t shy away from sleeping on factory floors for months in Northern Europe.   We have a special place in our hearts for entrepreneurs who have the grit to spend 10 years building deep tech startups from the foundational stage to commercialization. Cameron Dales, Co-Founder, President and Chief Commercial Officer, has done it not only once, but twice, at Symyx Technologies and Enovix (current market cap $2.65B).   Liam O'Connor O’Connor, Co-Founder and COO, previously scaled major portions of Tesla’s and Apple’s supply chains, flying over 500,000 miles a year when required. Liam has a deep understanding of what it takes to build resilient supply chains in hypergrowth mode, having previously scaled from <$5B to $40B in spend over a matter of a few years.   The climate tech sector is in need of more entrepreneurs who truly understand what building on a massive industrial scale means. We couldn’t be more excited that Landon, Cam and Liam have decided to apply their talents to enabling grid-scale energy storage.

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It is an exciting day for climate action. Sustainability Roundtable, Inc.’s Net Zero Consortium for Buyers (NZCB) just announced today that seven world-leading companies have signed an aggregated virtual power purchase agreement (VPPA) with Southern Company for renewable energy credits produced by the 180 MW Phase II portion of the Millers Branch Solar Facility in Haskell County, Texas. This long-term aggregated procurement enables the financing and development of the new 180 MW project owned by SPC. The project is expected to achieve commercial operation in Q2 of 2026 Cisco, Juniper Networks, Bio-Rad Laboratories, Cadence Design Systems, IDEXX, PTC, and a Fortune 100 healthcare company joined this agreement, which democratizes access to the commercial and environmental benefits of utility-scale renewable energy by making procurement accessible to a broader range of enterprises. This aggregation is one of the largest peer-buyer organized aggregations to date globally. Today's announcement reflects the fact that the NZCB has achieved 86% of its goal of causing a gigawatt of new renewable energy capacity before 2025. Reaching NZCB’s gigawatt goal would generate enough energy to meet the annual average electricity needs of more than 200,000 U.S. homes while helping mitigate commercial Scope 2 emissions across the business operations of corporate buyers. This transaction demonstrates how the NZCB offers a breakthrough model for commercial collaboration in causing utility-scale renewables, beginning in North America and Europe. 

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