Article
Turning risks into opportunities: Scaling disruptive energy solutions
Disrupting energy systems can be a risky business. Yet, there are disruptive solutions out there that can entirely change how we use energy to rapidly reduce emissions and enable the type of exponential climate action we need to solve the climate crisis.
During Climate Week NYC, Chi Impact Capital urged investors to reduce the risk of these solutions by providing the capital needed for entirely new innovations to scale.
Chi Impact Capital’s co-founder and Chief Investment Officer Enrique Alvarado Hablutzel was invited to speak at the Solutions House, supported by Futerra, the Exponential Roadmap Initiative (ERI), and Google. The session in question focused on how we can accelerate these disruptive energy solutions to transform our energy system fast enough to meet the target of halving emissions by 2030.
Chi Impact Capital’s co-founder Enrique Alvarado Hablutzel joined a panel on scaling disruptive energy solutions at the Solutions House in New York.
The panel that Enrique was a part of included representatives of IKEA, Ørsted, Accenture, and the Swedish Chamber of Commerce in New York, so a discussion on how we must collaborate to accelerate the green transition was inevitable. Enrique raised the importance of gaining support from energy users like households, by making them understand their own energy consumption: “It’s very interesting, what is coming in terms of innovation for storing energy in the household and using it in the right way, analyzing it and having your own app, knowing that type of energy you are using and when you are using it.”
This knowledge and interest from consumers, coupled with starting capital from other companies, are important pieces in getting the right disruptive technologies off the ground and used at scale. And this is happening across the globe, from energy analysis solutions in Haiti to household batteries in Austria. What we need is more interest from investors.
“What we need is more investors that want to take the ‘risk’, because it is also a huge opportunity and what you can see in [emerging markets] is leapfrogging of technologies,” said Enrique, referring to the trend we see where areas go directly from not being electrified at all into using renewable energy at a large scale. This is the type of rapid disruption we need to see in energy systems across the world to reach our climate goals, and investors play an important role in making that happen.
The panel was part of a session highlighting the Energy Edge Accelerator, a new initiative by the ERI, Accenture, and Microsoft that supports disruptive energy startups in scaling up and accelerating the green energy transition. Watch the full panel below.
https://youtu.be/5CXuRjgfAv4?t=1274
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Collaborations in solving climate change is inevitable.
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The call for investors to provide capital to scale up new innovations can help reduce these risks and turn them into opportunities. It is crucial for stakeholders to support and invest in such solutions to accelerate the transition towards a sustainable energy future.
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Very cool to hear about initiatives to help scale the innovations we need. More of this!