Venture Capital in Clean Energy Innovation Finance PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Venture Capital in Clean Energy Innovation Finance PDF full book. Access full book title Venture Capital in Clean Energy Innovation Finance by Varun Rai. Download full books in PDF and EPUB format.
Author: Varun Rai Publisher: ISBN: Category : Languages : en Pages : 33
Book Description
Since emerging as a capital destination in the late 1990s, the experience of venture capital (VC) in clean energy technologies (CET) has been checkered. Haphazard investment activity in the early 2000s paired with high-profile failures of once-promising CET ventures to produce a general reticence toward CETs in the investment community. Since then, attitudes regarding the potential for financial venture capital or public policy to meaningfully reintroduce vigor in CET innovation have been characterized by skepticism, in no small part due to notions of capital intensity and policy risk formed during the initial waves of CET investment. Despite its importance, there has been little systematic research of CETs vis-à-vis venture capital, public policy, or the broader investment system. In this paper we revisit this area of inquiry, focusing on the role of venture capital in funding innovation in clean energy, especially in light of the lessons learned over the past decade in the U.S. The core data for our analysis comes from a series of in-depth, semi-structured expert interviews with individuals from venture capital firms, relevant public agencies, corporate venture capital entities, as well as for-profit and not-for-profit investment houses, all of whom were active in the CET space before, during, and after the peak of CET in the late 2000s. We reevaluate common notions regarding the drivers and barriers of VC and strategic corporate investment in CETs and uncover several nuanced insights that inform approaches for addressing barriers to unlocking the full potential of VC in funding clean energy innovation.
Author: Varun Rai Publisher: ISBN: Category : Languages : en Pages : 33
Book Description
Since emerging as a capital destination in the late 1990s, the experience of venture capital (VC) in clean energy technologies (CET) has been checkered. Haphazard investment activity in the early 2000s paired with high-profile failures of once-promising CET ventures to produce a general reticence toward CETs in the investment community. Since then, attitudes regarding the potential for financial venture capital or public policy to meaningfully reintroduce vigor in CET innovation have been characterized by skepticism, in no small part due to notions of capital intensity and policy risk formed during the initial waves of CET investment. Despite its importance, there has been little systematic research of CETs vis-à-vis venture capital, public policy, or the broader investment system. In this paper we revisit this area of inquiry, focusing on the role of venture capital in funding innovation in clean energy, especially in light of the lessons learned over the past decade in the U.S. The core data for our analysis comes from a series of in-depth, semi-structured expert interviews with individuals from venture capital firms, relevant public agencies, corporate venture capital entities, as well as for-profit and not-for-profit investment houses, all of whom were active in the CET space before, during, and after the peak of CET in the late 2000s. We reevaluate common notions regarding the drivers and barriers of VC and strategic corporate investment in CETs and uncover several nuanced insights that inform approaches for addressing barriers to unlocking the full potential of VC in funding clean energy innovation.
Author: Michael Migendt Publisher: Springer ISBN: 3658172517 Category : Business & Economics Languages : en Pages : 158
Book Description
Michael Migendt explains the role of alternative investments in supporting the growth of a sustainable economy and recognizes levers that policy makers, managers and entrepreneurs could use for further accelerating green innovation through finance. He focuses on specific examples of alternative investments into green industries, companies, projects, and infrastructure, covering the developments along the innovation chain. Especially the acceleration of green technologies and the in this context occurring interrelations between the three areas of finance, innovation, and policy are key to this work.
Author: Benjamin Gaddy Publisher: ISBN: Category : Languages : en Pages : 28
Book Description
Venture capital (VC) firms spent over $25 billion funding clean energy technology (cleantech) start-ups from 2006 to 2011. Less than half of that capital was returned; as a result, funding has dried up in the cleantech sector. But as the International Energy Agency warns, without new energy technologies, the world cannot cost-effectively confront climate change. In this article, we present the most comprehensive account to date of the cleantech VC boom and bust, aggregating hundreds of investments to calculate the risk and return profile of cleantech, compared with those of medical and software technology investments. Cleantech posed high risks and yielded low returns to VCs. We conclude that “deep technology” investments -- in companies developing new hardware, materials, chemistries, or processes that never achieved manufacturing scale -- drove the poor performance of the cleantech sector. We propose that broader support from policymakers, corporations, and investors is needed to underpin new innovation pathways for cleantech. Public policy can directly support emerging technologies by providing easier access to testing and demonstration facilities and expanding access to non-dilutive research, development, demonstration, and deployment (RDD&D) funding. The public sector can also encourage new investors and corporations to invest in cleantech innovation. Corporate strategic investment in emerging technologies coupled with deep sector-specific expertise can accelerate scale-up and provide access to markets. And non-VC investors willing to supply substantial capital for a decade or more are more likely to reap satisfying returns in the long run, if they work with those partners to help develop and de-risk technology.
Author: Matthias van den Heuvel Publisher: ISBN: Category : Languages : en Pages :
Book Description
After a boom and bust cycle in the early 2010s, venture capital (VC) investments are, once again, flowing towards green businesses. In this paper, we use Crunchbase data on 150,000 US startups founded between 2000 and 2020 to better understand why VC initially did not prove successful in funding new clean energy technologies. Both lackluster demand and a lower potential for outsized returns make clean energy firms less attractive to VC than startups in ICT or biotech. However, we find no clear evidence that characteristics such as high-capital intensity or long development timeframe are behind the lack of success of VC in clean energy. In addition, our results show that while public sector investments can help attract VC investment, the ultimate success rate of firms receiving public funding remains small. Thus, stimulating demand will have a greater impact on clean energy innovation than investing in startups that will then struggle through the “valley of death”. Only with demand-side policies in place should governments try to plug funding gaps by targeting clean energy startups with low potential for outsized returns that will continue to find it hard to attract private capital.
Author: Tony Seba Publisher: Tony Seba ISBN: 0615335616 Category : Business & Economics Languages : en Pages : 294
Book Description
Solar Trillions reveals market opportunities worth $35+ trillion of the $382 Trillion we'll spend in energy by 2050. The author shows why solar is the only clean energy source that can scale and why disruptive tech make it inevitable. Here are the seven amazing opportunities. 1: Desert Power: $9 trillion To provide all of America's electricity today, we would need just 100-by-100-mile square of desert. 2: Powering Industry: $7.1 trillion 24/7 solar power is here-and can reliably run factories & industry. 3. Island/Village Power: $2.6 trillion Two billion people around the world pay up to 10 times today's PV cost. 4: Power to the People: $8.7 trillion With Solar BIPV, walls, windows, and bricks will make money for building owners. 5: Bottled Electricity: $1.5 trillion We will hit peak water before we hit peak oil. 6: Energy in a Box: $5 trillion The race for electricity batteries is on. Solar thermal is ahead. 7: Internet Times Ten: $6.5 trillion The eBay of electricity is coming.
Author: Andrew Metrick Publisher: John Wiley and Sons ISBN: 1118137884 Category : Business & Economics Languages : en Pages : 1153
Book Description
This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information. The most current industry data is included to demonstrate large changes in venture capital investments since 1999. The coverage of the real-options methodology has also been streamlined and includes new connections to venture capital valuation. In addition, venture capitalists will find revised information on the reality-check valuation model to allow for greater flexibility in growth assumptions.
Author: Charles W Donovan Publisher: World Scientific ISBN: 178326778X Category : Business & Economics Languages : en Pages : 366
Book Description
The future of clean energy is no longer about science and technology; it's all about access to finance. The fossil fuel industry has been subsidized for decades with tax breaks and government backing, while renewables have struggled to compete. But now clean energy is the safe bet for investors, as is argued in Renewable Energy Finance: Powering the Future, edited by Dr Charles Donovan, Principal Teaching Fellow at Imperial College Business School.With a foreword by Lord Brown and contributions from some of the world's leading experts in energy finance, this timely book documents how investors are spending over US$250 billion each year on new renewable energy projects and positioning themselves in a global investment market that will continue to expand at double-digit growth rates until 2020. It documents first-hand experiences of the challenges of balancing risk and return amid volatile market conditions and rapid shifts in government policy.Renewable Energy Finance provides an insider's perspective on renewable energy transactions, and insight into how countries like the US, India and China are responding to the global energy challenge. Drawing together contributions from senior executives and leading academics, Renewable Energy Finance serves an audience of readers craving intelligent, practical perspectives on the future of clean energy investment.
Author: Matthias van den Heuvel Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
After a boom and bust cycle in the early 2010s, venture capital (VC) investments are, once again, flowing towards green businesses. In this paper, we use Crunchbase data on 150,000 US startups founded between 2000 and 2020 to better understand why VC initially did not prove successful in funding new clean energy technologies. Both lackluster demand and a lower potential for outsized returns make clean energy firms less attractive to VC than startups in ICT or biotech. However, we find no clear evidence that characteristics such as high-capital intensity or long development timeframe are behind the lack of success of VC in clean energy. In addition, our results show that while public sector investments can help attract VC investment, the ultimate success rate of firms receiving public funding remains small. Thus, stimulating demand will have a greater impact on clean energy innovation than investing in startups that will then struggle through the "valley of death". Rather than investing themselves in startups bound to struggle through the valleys of death, governments wishing to support clean energy startups can first implement demand-side policies that make investing in clean energy more viable.
Author: Bruno Michoud Publisher: Springer Nature ISBN: 303075829X Category : Business & Economics Languages : en Pages : 197
Book Description
This open access book analyses barriers and challenges associated with the financing of clean energy access in sub-Saharan Africa. By considering various economic, financial, political, environmental and social factors, it explores the consequences of energy poverty across the region and maps the real and perceived investment risks for potential capital providers, both domestic and international. Furthermore, it analyses risk mitigation strategies and innovative financing structures available to the public and private sectors, which are aimed at leveraging capital in the clean energy sector at scale and fostering the creation of an enabling business and investment environment. More specifically, the present book analyses how to (i) enhance capital allocation in projects and organisations that foster clean energy access in the region, (ii) mobilize private capital at scale and (iii) decrease the cost of financing through risk mitigation strategies. Going beyond traditional approaches, the book also considers socioeconomic and cultural aspects associated with investment barriers across the subcontinent. Moreover, it urges the public and private spheres to become more actively involved in tackling this pressing development issue, and provides policy recommendations for the public sector, including proposals for business model evolution at multilateral agencies and development institutions. It will appeal to a wide readership of both academics and professionals working in the energy industry, the financial sector and the political sphere, as well as to general readers interested in the ongoing debate about energy, sustainable development and finance.
Author: Varun Rai
Author: Varun Rai
Author: Michael Migendt
Author: Benjamin Gaddy
Author: Matthias van den Heuvel
Author: Tony Seba
Author: 
Author: Andrew Metrick
Author: Charles W Donovan
Author: Matthias van den Heuvel
Author: Bruno Michoud