Bill Holland of S&P Global writes on the influx of private cash for the energy transition.
- Last year American and Canadian venture capital and private equity firms invested a record $6.8 billion into new businesses that are looking to accelerate the energy transition.
- Globally, private spending reached almost $1 trillion in 2021, with a majority investments targeting EVs, green hydrogen, and sustainable aviation fuel.
- Private sector leadership is essential to reaching climate goals.
“Breidert recommended that investors stay away from pure technology startups because of the low cost of entry and the possibility that a technical change will wipe them out. Instead, Breidert likes electricity infrastructure plays such as gas and power giant NextEra Energy Inc. and rooftop solar developer Sunrun Inc.”
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The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
