Please forward this energy return on investment screen to 83. The goal of Breakthrough Energy is to make sure that everyone on the planet can enjoy a good standard of living, including basic electricity, healthy food, comfortable buildings, and convenient transportation, without contributing to climate change. Our strategy links cutting-edge, government-funded research to patient, risk-tolerant capital so that more clean energy innovations get to market faster.
The Breakthrough Energy Coalition created Breakthrough Energy Ventures, an investor-led fund, to build the new, cutting-edge companies that will deliver on that promise. Our first investing principle is to leverage innovation as broadly as possible. One of the biggest challenges to investing in solutions to climate change is scale: things like agriculture, housing, and transportation that emit greenhouse gases operate at scales vastly larger than other human activities. As a result, fully deploying new technologies will take decades, not years. Given this timeline, it is critical not just to respond to today’s circumstances but also to anticipate tomorrow’s urgent needs.
After careful analysis of the energy-related trends shaping our world and consideration of the Fund’s core criteria for investment, we have identified five areas of focus to guide our initial strategy. Megatrends Some of the most important trends shaping our world over the next 50 years have implications for how we think about the Fund’s portfolio. The emergence of a burgeoning middle class The rate of increase of the middle class, in absolute numbers, is approaching an all-time high. This will lead to significant increases in consumption on several fronts.
There is a direct correlation between per capita GDP and per capita energy use. Increasing urbanization More than 200,000 people in the world move to cities every single day. As the middle class grows, this trend will accelerate, and the demand for power will accelerate with it. Just a decade ago, more people lived in rural than in urban areas. Autonomy, the Internet of Things, and distributed everything Continually expanding network capabilities present an enormous opportunity to use energy more efficiently.
Ample supply of fossil resources For decades, the energy industry has been worried that the world will run out of fossil fuels. Given current projections, however, the energy sources that create climate change today are likely to stay available and inexpensive. Investment Criteria When the Fund was created, we established four core criteria for investment. Other Investors We do not have the resources to solve the entire global energy challenge on our own. We will only invest in companies that we believe can ultimately attract additional investment investors.
Scientific Possibility Because the time to market in clean tech is so long, it is important to vet projects carefully at an early stage. We will only invest in projects that our technologists deem scientifically feasible at scale. Filling the Gaps Clean tech is a somewhat neglected space, but certain aspects of it have attracted significant interest already. We will focus on areas and on enterprises to which we can add value through our patience, flexibility, and global network. 0 billion to MLPs since 2004. We have industry leading experience with investment professionals dedicated specifically to MLPs and other energy-related investments. We have an extensive network of relationships with senior management of major energy companies.
2018 – KA Fund Advisors, LLC – All rights reserved. Please forward this error screen to 208. Increasing business profitability with LED technology is easier than you think. If correct, that means more energy is used to make the PV panels than will ever be recovered from them during their 25 year lifetime. I sent an email to my State-side friends Charlie Hall, Nate Hagens and David Murphy asking that they send me recent literature. The first paper I read was by Ferruccio Ferroni and Robert J. Well it’s not quite so simple as it appears at first sight.
For example, using PV to illustrate the point, the energy gathered will depend on latitude, the amount of sunshine, the orientation of the panels and also on the lifetime of the panels themselves. And how do you record or measure the energy invested? It is a concept that is alien to most individuals, including many engineers, energy sector employees, academics and policy makers. 50, that there was bucket loads of cheap energy left over to build all the infrastructure and to feed all the people that now inhabit The Earth.
So how can it be possible that we are managing to deploy devices that evidently consume rather than produce energy? The simple answer is that our finance system, laws and subsidies are able to bend the laws of physics and thermodynamics for so long as we have enough high ERoEI energy available to maintain the whole system and to subsidise parasitic renewables. In very simple terms, solar PV deployed in northern Europe can be viewed as coal burned in China used to generate electricity over here. All of the CO2 emissions, that underpin the motive for PV, are made in China. Only in the event of high energy gain in the PV device would solar PV reduce CO2 emissions. Theoretical calculations of what PV modules should generate made by manufacturers do not take into account operational degradation due to surface dirt. Nor do they take into account poor orientation, unit failure or breakage, all of which are quite common.