COP 27 Takeaways and Venture Capital Success
Energy Terminal Weekly Newsletter
November 22nd 2022 | Issue #33 | Subscribe here
Happy Tuesday!
Welcome to the ET weekly, a platform dedicated to building the next generation of energy leaders. In this week's issue we cover:
🌏 COP27 updates and takeaways
💵 $76 million in VC funding for industrial decarbonization
🏢 A startup creating green-certified homes
☀️💨 Resounding support for renewables despite energy crises
⭐ Startup Spotlight: Logical Buildings
🏢 Logical Buildings is the leading smart building software and solutions company empowering the largest real estate managers to reduce energy and operating costs and achieve sustainability goals. Their technology can reduce up to 15% in utilities costs and 10% in energy use.
🎉Apply to be an Energy Terminal Ambassador
Great opportunity for all those interested in growing their personal brand or learning more about the energy transition. Learn more here!
🚨 Episode 18 Out Now
Check out Episode 18 for an insightful conversation on the future of oil markets and how oil majors can survive and thrive through the energy transition.
💡 Internship Spotlight: Winter Ventures Intern at Closed Loop Partners
LEARN MORE
Want to learn more about student experiences at energy internships? Check out our student spotlights!
⏰ Missed Episode 17?
Episodes released bimonthly, subscribe to stay updated!
📚 Reading List
Corporate sustainability? VC funding? COP27? Nuclear's future? Check out this week’s handpicked reading list to learn more about these groundbreaking energy topics 🔥
🎙️Podcasts:
The Carbon Copy, A reality check on corporate sustainability
After an investigation by two Bloomberg data journalists, it seems that companies are failing to account for up to 112 million metric tons of carbon emissions (equivalent to 24 million cars)
Companies can use a form of accounting called market based accounting, which relies on renewable energy credits (RECs)
RECs do not support new renewable forms of energy, so when companies use these RECS within their market based carbon accounting and say that their emissions are “slashed”, their emissions are most likely not as reduced as it appears
The Energy Gang, Can we call COP27 a success?
The climate negotiations at COP27 have been challenging, especially around one key issue: who pays for the damage done by climate change, especially as developing countries face the effects
Overall, most countries are behind on their targets, and less progress than expected was made for new policy
COP27 has shown a pro-nuclear stance, but the reliance on Russia for nuclear is staggering, as 51 of the 52 reactors under construction are using Russian technology
Energy in Transition, Grace Chan, Principal at bp Ventures
bp Ventures is deploying capital across the energy value chain to promote decarbonization and clean technology
Hear about how Grace transitioned from oil & gas to energy venture capital
📰️ Articles:
PR Newswire, Syzygy Plasmonics Raises $76 million Series C to accelerate delivery of low-carbon hydrogen
Houston-based decarbonization startup Syzygy Plasmonics recently closed a $76 million funding round to advance its photoreactor technology
Syzygy seeks to decarbonize hard-to-tackle sectors like heavy industry and chemicals manufacturing with its revolutionary technology that uses light rather than heat to produce chemicals
Listen to Episode 5 of Energy Terminal’s podcast with Syzygy’s CEO, Trevor Best here
Breakthrough Energy, COP27 Takeaways: The New Geography of Cleantech Innovation
Despite geopolitical tensions and struggles to maintain energy security, cleantech remained at the forefront of COP discussions
It’s critical to consider developing countries in net-zero solutions, so Breakthrough has launched investments to decarbonize developing countries
BBC News, Ukraine war: Germany looks to renewables after Russian invasion
Absenberg, Bavaria is one of the many German towns that has pioneered alternative energy solutions to gas and oil in recent years
With a population of 15,000, Absenberg is focusing on solar power, and has a goal to be self-sufficient in electricity by 2030
Everywhere you look in Absenberg, there are solar panels, and residents love both the cost and the sustainability benefits
The Russian invasion of Ukraine has reignited people’s desire to be energy independent, with renewables taking a front-and-center position
And head here to check out previous reading lists !
☄️ Thanks for reading this edition of ET weekly!
Episode 19 will be out next week, get excited. Have a Happy Thanksgiving, and make sure to follow us on our socials so you're always up-to-date!
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