Weekly Roundup #5
On #ESG #SAFs #MethaneDetection #Electricity #Prices #Europe
Bienvenidos a una nueva semana. This week: banks chasing ESG bonds, Sustainable Aviation Fuels companies have a new unicorn on the block, a clever and much needed way to detect methane from the sky. Finally a deep dive from Politico on why the electricity prices in Europe are also sky high, and how nuclear phase outs compare to the exponential grow of installed capacity by renewables.
CHART OF THE WEEK - 🌆 💰 ESG debt underwriting is BIG, but it’s going to (and needs to) get BIGGER
Mike Mayo, an analyst at Wells Fargo Securities, said he expects the numbers will only get bigger. “These are very early days in facilitating ESG and climate financing,” he said. “In baseball terms, we are in the first inning.
Still, even if all that debt was truly funding solid ESG initiatives, the world would need five times more money to address climate disruptions. The banks, Mayo said, are more than happy to help make that happen.”
🚗 🛩 ⛽ Prometheus is the first electrofuels unicorn, closing a 1.5B valuation in Series B
This month, we received strong support from the White House, as well as some of world’s largest, most iconic brands that have been nothing short of bold in backing innovative tech to decarbonize their industries — American Airlines, Maersk, and BMW. Their support marks a rising recognition of the incredible promise that our zero net carbon electrofuels hold in getting the planet to Net Zero by 2050.
On September 9, the Biden administration included Prometheus and our zero net carbon electro-Sustainable Aviation Fuel, or electro-SAF, in its plan to phase out fossil jet fuel and make aviation carbon neutral by 2050.
📡 🔭 🌫 Unlocking data to reduce methane emissions and target Industrial efficiency:
GHGSat, a company using satellite-based technology, has discovered almost 200 million tonnes CO2e of methane emissions in the first half of 2021, and is engaged with operators and governments to eliminate these emissions. Kairos Aerospace uses aircraft-based detection technologies and has helped one major operator reduce its US emissions by over 80%. Seekops can quantify the emissions from offshore oil and gas platforms using drones launched and piloted from hundreds of miles away. Each eliminates emission source uncertainty and targets action where it is needed. If we combine these technologies with operational data companies, like Andium, Urbint and Kelvin, we can aggressively target emissions through focused intelligence.
MAP OF THE WEEK - 🗺🔌⚡ Electric prices
Big spike in electricity prices is raging across Europe due to. BLA BLA BLA..
This is a reminder that the Energy Transition is a complex, nuanced and multi-systems problem that involves different parts and will still respect the market forces of supply and demand, geography, geopolitics, and sometimes even luck! A great deep dive from Politico on why the prices are so high.
The short answer as to why power prices are so high is they're piggy-backing on soaring natural gas prices, used across Europe to generate a key percentage of electricity. But the story is more complex, involving issues of power market design, long-term climate strategies and a bit of bad luck. POLITICO took a look at what's driving the surge.
💣 🍄 Renewables vs. Nuclear: 256-0 And related to the previous maps, phasing out of nuclear power also plays an important role in the kind of electricity price surges currently seeing in Europe.
The latest World Nuclear Industry Status Report shows that the world’s operational nuclear capacity grew by just 400 MW in 2020, with generation falling by 4%. By contrast, renewables grew by 256 GW and clean energy production rose by 13%. That’s a massive difference of 255.6 GW more
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