Two investment bankers bimonthly explore how tech, finance, markets and regulations are radically redefining the world of energy: Renewable Energy, Electric Car...
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106. Chasing Methane leaks - Sept23
At Cop26 was launched the Global Methane Pledge to catalyse action to reduce methane. The problem is that no one really knew how much methane leaked nor who emitted what. Even the emitters didn’t have a clear view of the problem.First came satellites, that provided a regional assessment of the problem. But they only solved a fraction of the equation. In order to get more granular and be able to precisely identify methane leaks and attribute them, new technologies had to be applied. Sensors are now carried by planes, drones or are stationary. And their constant monitoring finally allows the methane to be tracked at a micro level. The combination of those different technologies has revolutionised the tracking of methane leaks and help fix them. We have the pleasure of welcoming an old friend of the show, Gregg Rotenberg, a 20-year clean tech veteran and CEO Kairos Aerospace. Kairos is the global leader in mitigating methane emissions. Kairos and alongside others like MIQ, is firmly leading the methane chase.And it’s just the beginning, because, if the US is starting to fix the problem, other countries like Venezuela, Mexico, Turkmenistan, Iraq or Libya couldn’t care less and are totally irresponsible when it comes to methane. Certainly, a good subject of discussion for COP28. ----Useful links;https://kairosaerospace.com/https://www.basinwide.org/ ----The Episode is delivered in partnership with the Energy Institute. www.energyinst.org A supporter of the Methane Guiding Principles and Aiming for Zero initiatives, the Energy Institute and its industry partners are working to make energy lower carbon, safer and more efficient. ------The Episode is sponsored by PV CASE. PV CASE is the ultimate design software for solar PV developers from the earliest stages of planning all the way to the procurement phase. https://pvcase.com/RedefiningEnergy
105. Geothermal: Earth, Wind and Fire - Sept23
Geothermal has been around for decades and always considered part of the Energy Transition. Unfortunately, its development has been limited to very specific geographical location (US West Coast, Iceland, Japan, Philippines, Indonesia), basically the Ring of Fire. Those historical techniques, called “hydrothermal” have proven quite niche and, in the US, only represented 4GW of capacity or less than 0.32% of the global fleet.We believe the whole sector is on the cusp of an exponential growth, as new drilling techniques are now arriving at maturity. “Advanced geothermal”, based on the Oil & Gas expertise in fracking and horizontal drilling can be installed pretty much everywhere. It aims to provide much-needed 24/7 clean electricity and heat at competitive costs and small footprint. The recent successes of a start up called Fervo Energy have been very publicized.There are also space-age new technologies like plasma and loop. Such a great universe of possibility.Our guest, Cindy Taff is a seasoned geothermal developer who leads a startup called Sage Geosystems. Sage is a Houston-based technology company focused on energy storage and geothermal solutions for a sustainable energy future. Their long-duration energy storage solutions are ready to scale now at a cost that beats pumped hydropower storage and lithium-ion batteries. Prior Sage, Cindy had a 35-year career in the O&G industry, most recently as VP of Shell's global Unconventional Wells operations where she led a team of over 350 Shell staff and 1,200 contractors across five countries.Alongside Wind and Solar, Geothermal was the missing piece to recreate Earth, Wind and Fire, the holy trinity of renewables. But it’s all going to change from now on. ----------The podcast is powered by Axpo. We feel better with Axpo.
104. Is Carbon the new Crypto? Aug23
After a decade in obscurity, carbon offsets have resurrected in recent years as more companies are targeting net zero. Volumes and prices have picked up in 2021-22 to create a 2bn USD market that some institutions predict could rise to 50bnUSD by the end of the decade. But the market is non-regulated, very opaque and shrouded in incomprehensible jargon.Sounds familiar? Is carbon the new crypto? Are bad credits a bug or a feature of the system? Why do Companies think that carbon credits could be a solution on their net-zero journey?There are very heated debates around Carbon Credits/Carbon Offsets. They are loathed by very opiniated experts following spectacular failures or blatant frauds. On the other hand, some reasonable people are trying to sort out the mess while establishing, in the absence of any national or international regulations, what could differentiate a “good credit” from a “bad credit”.We bring in one the savviest expert of the voluntary carbon markets, Guy Turner, who will lay out the controversies and explain what a good credit is. Guy Turner, one of the original members of Bloomberg New Energy Finance, owns and runs Trove Research. Trove Research is the most respected and comprehensive source of information on the Carbon Market.With Guy we go from detailed concepts to the big picture and try to avoid the alphabet soup which has plagued the industry. A great conversation to set things in perspective. Useful linksWho do define good credits: www.icvcm.orgHow to REALLY become carbon neutral https://vcmintegrity.org/Guy Turner’s company: https://trove-research.com/The show is powered by AXPO, green electricity provider for decades.
103. Battery chemistry: China against the World - Aug23
As the growth of the EV market and Energy Storage continues unabated, we wanted to know what the current State of Play in the Battery industry is.In 2023, China dominates the Li_Ion battery market and its main companies, BYD and CATL are – alongside Tesla – blazing the trail of new technologies and performances. Are there options beyond Lithium? How much progress have the battery technologies recently made? Where is the path forward for all the announced chemistries? Is vertical integration a real trend? Can the US and EU catch up?We discuss with Cormac O’Laoire, Managing Director at Electrios Energy, a Hong-Kong based expert; it becomes obvious that China and the rest of the world are on the cusp on diverging, adopting different technological pathways in term of Battery Chemistry. We talk about LFP/LMFP – Lithium Ferro Phosphate / Lithium Manganese Ferro Phosphate vs NMC – Nickel Manganese Cobalt. We talk about Sodium-Ion, Solid State… We talk prices. We try to foresee what will stay and what will go.A fascinating deep dive with one of the world’s most recognised expert on battery supply chain. Who will win, who will catch-up, who will lose. We see clearer after this thorough conversation with Cormac. ----We thank our long tem partner Aquila Capital whithout whom this show wouldn't probably exist.
102. Post Energy crisis, the “need for speed” - Live from Brussels / Eurelectric with Leo Birnbaum (CEO E.ON) - Jul23
Live from Brussels, on the 20th of June 2023, we were invited to interview Leonard Birnbaum. Since he came last on the show (Ep50), the whole Energy Sector has been through hell with Russia invasion of Ukraine and the subsequent near-death experience of 2022. Leonard Birnbaum is the CEO of the giant German Utility E.ON and also president of Eurelectric, the sector association which represents the common interests of the electricity industry at pan-European level.We have a very lively debate about how E.ON survived the energy crisis. What changes he had to be undertaken, how luck played its part, but also the “need for speed”. Other key lessons were the end of tolerance for weaknesses, the acceleration of digitisation and total engagement with their customers. We then moved the conversation to the proposed reform of the Energy Market that regulators are keen to put in place. Is it too little too late or, on the opposite, a solution in search of a problem. In its manifesto, Eurelectric wants to focus in the coming years on three priorities:Security of supplyStronger & more digitised infrastructureFairness of the distribution of risks & benefits between the stakeholdersLeo advocates for flexibility mechanisms rather than capacity mechanisms and support full traceability via 24/7 green certificates. Finally, when you add the electrification of transport, the key word is Flexibility, as the electrification can either be fast or global, but cannot be both at the same time. Compromises will have to be made.A great thanks to Kristian Ruby, Bruce Douglas and Emily O'Leary for making this moment possible.---This podcast is powered by Axpo an international leader in providing sustainable energy solutions for the future. In the Nordics, Axpo has been a pioneer within Trading and Origination services for the last 20 years.
Two investment bankers bimonthly explore how tech, finance, markets and regulations are radically redefining the world of energy: Renewable Energy, Electric Cars, Hydrogen, Battery Storage, Digitisation... your co-hosts: from Berlin, Gerard Reid and from London, Laurent Segalen.Our LinkedIn page: https://www.linkedin.com/company/redefining-energy/