To activate the large-scale capital currently sitting on the sidelines and needed for a transition to a more climate-resistant economy, it is vital that institutional investors can align their portfolio returns with sustainability metrics so that the cost-of-capital will follow along.
Each year, Utility Dive publishes a "State of the Utility" report. The report is built mainly on survey response data from executives in the sector and includes investor-owned utilities, co-ops, municipal utilities, and retail energy providers.I find these types of reports helpful because they help us understand what leadership in the industry is thinking about and also provide a glimpse of where budgets may be headed for the next year.
The explosion of distributed resources, renewable energy, and the electrification of everything are positive steps in our fight to curb carbon emissions. These new technologies present unique challenges to our grid and the regulatory structures surrounding it.
As a result of the scope of sustainability and the sudden increase in interested parties, clarity around “what is energy tech” or “what is climate tech” is harder to come by. There’s no one “right” definition and everyone will have different criteria for how they interpret the opportunity set.
Energy tends to bore people until it touches on their values. But, those values are very different and prioritized in completely different ways depending on the participant.