Capitalizing the Energy Transition
Traditional investing frameworks position venture capital investors at the opposite end of the risk capital spectrum from large, established industrial firms. But with the venture capital sector maturing and climate venture capital increasingly taking industrial-scale deployment risk, industrial firms with decades or even centuries of experience serving energy markets find themselves facing a new breed of disruptive competitors. Leaders at industrial firms have responded to a disruptive era with an innovative capital mindset, betting their firms’ futures on new technologies and new markets in ways that echo traditional venture capital. In this newly dynamic moment for energy transition capital, groundbreaking capital allocators discuss remaking a “steel in the ground” industry at a digital pace.