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.”
Read the full article here.