Thought leadership articles written by the team
Many of today’s headlines about the state of corporate decarbonization paint a bleak picture, in which the world’s most influential companies are pulling back from their net zero ambitions (Harvard Business Review, Financial Times, Reuters). Alongside a broader backlash against ESG, companies who remain committed to decarbonization are also finding the process more difficult than anticipated, due in
Despite the near-term uncertainty, the fundamentals of the U.S. infrastructure and energy markets remain attractive for long-term investors. Structural tailwinds such as the need to replace ageing infrastructure, generational load growth, and compelling economics define the landscape. In this environment, renewable energy, distributed generation, and energy storage are essential solutions. For investors focused on long-term
For investors who are committed to the energy transition, this can be particularly challenging. From installing renewables to introducing electric vehicle fleets, financing the infrastructure transition requires an operator’s mindset that prioritizes lifecycle thinking and stakeholder integration. It’s about asking the hard questions and solving the hard problems: How will this serve our customers for
Last month, Generate announced a $200 million loan to reinforced steel producer Pacific Steel Group (PSG) that will help fund the construction of a new electric arc furnace micro mill in Kern County, CA (Bloomberg, Infralogic). Next week, construction for the project commences. As we prepare for the groundbreaking, we are exploring how the investment
Though popular, the tax credits were historically cumbersome and complicated, which kept capital on the sidelines. Project developers were required to use complex tax equity structures to monetize these tax benefits efficiently. Tax legislation and guidance led to the emergence of novel financial structures such as the partnership flip, the sale lease-back, and the inverted
The last three years have made for a crucible moment in the energy transition. The transition has seen incredible momentum, propelled by large capital commitments over the last decade, historic policy support and tons of steel in the ground in projects around the world generating energy from clean sources. Now, we’re entering a new year
Infrastructure investors with strong track records, specialized expertise, attractive returns, large pipelines, and operational and investment experience will continue to garner the backing of large investors and banks. Steel will still go in the ground to build the sustainable infrastructure assets that have created real economic value in communities across the country. The Policy Outlook
Looking ahead, to meet global climate targets, annual spending across energy, transport, and the built environment needs to increase fivefold through to 2030 (Figure 1). The required scale-up is even greater in areas like industrial processes where investment has yet to really get off the ground. The trillions of dollars of investment both decarbonize and transform
Private credit has stepped in to help fill some of the biggest gaps in our capital markets in recent years.
LCFS: California’s Low Carbon Fuel Standard (LCFS) program catapulted the state’s decarbonization progress, but policy updates are needed for the program to remain a critical market creator for decarbonization technologies.