Galvanize Climate Solutions

Congrats to Tim Latimer and the Fervo Energy team. The demand for 24/7 carbon-free energy is at an all-time high and Fervo is one of the only companies building large projects that will come online before the end of this decade. We look forward to seeing what next year has in store.

🌍 The clean energy revolution isn’t just coming—it’s already here. America has poured $2 trillion into clean energy over the past five years, but some narratives would lead you to believe these were bad investments. Here’s the thing: the market has already decided. Clean energy is not a debate—it’s a fact. Wind and solar costs have dropped by 60-90% in a decade, renewables are now cheaper than fossil fuels, and in 2023, 86% of new electricity capacity globally came from renewable sources. While some argue about returning to energy of the past, the world is surging forward. China, India, Vietnam, and even smaller economies are electrifying faster than the U.S., recognizing that clean energy isn’t just about climate—it’s about economic opportunity and energy security. 🔑 The big question: Will America lead this revolution—or watch it pass by? Dive into the numbers, the trends, and the hard truths about where energy is headed. 💡 Read more: America is telling itself one story about clean energy. Here’s another: https://lnkd.in/exBTgHu6 #CleanEnergy #Innovation #EnergyTransition #FutureReady

In a new blog post, Anant Udpa pulls back the curtain on how our interdisciplinary Impact team aims to accelerate the commercial success of our investments, from building market demand and policy pull for climate solutions to shaping best practices and compliance standards for corporate procurement and asset decarbonization. Read it here: https://lnkd.in/emXrJ6uQ

Global Equities CIO Seth Kirkham took the stage at Bloomberg Intelligence today in New York to discuss how sustainability factors are increasingly resulting in tangible impacts on corporate financial performance. On the topic of competitive decarbonization as an investment theme for 2025, he noted: "We regard competitive decarbonization as going a step beyond basic decarbonization: the ability to provide electrons in a way which allows new industry -- like AI, data centers, and EVs -- to thrive, all while providing those electrons at a lower cost." On the price of carbon: "We believe that 2025 is the year where you will start to see carbon burdens become a bigger factor in underwriting stocks...there will be much more consideration of carbon liabilities and assets in companies’ long-term valuations." He added: "The transition is about more than just decarbonization. It delivers decarbonization, but it also delivers a competitive economy. Consequently, it provides us with interesting investment opportunities at the corporate level." Stay tuned for more from Seth when his keynote is released as a podcast conversation with Rob Du Boff,/ Bloomberg Intelligence later this month. Seth Kirkham Asad Rahman Philip Goldsmith Jonathan Hanks Max Yoward Kira Schott Varady

The state of the energy transition, as it stands in December 2024, in seven charts. Thanks to my friend Johan Rockström who delivered a presentation with me at Galvanize Climate Solutions's annual Solutions Summit exploring the dual narratives driving the energy transition. This post is loosely based on our presentation, which provided the perspective of a climate scientist (Dr. Rockström) and an investor (me). Please give it a read below and let me know your thoughts.

We often talk about how embedding our Impact team into the investment diligence process is a key differentiator for the firm, but what does that look like in practice? Anant Udpa lays out how the team approaches working with I+E, GRE, and GGE on everything from projecting the total addressable impact of a company or solution to a rigorous technical assessment of their products. Read his latest blog here: https://lnkd.in/gTezVK8u

Our Real Estate strategy's latest acquisition by the numbers 👀 Located in Central New Jersey, this industrial asset's 30 year carbon emissions reduction potential is equivalent to the elimination of: 🚗 15,516 gasoline vehicles driven for one year 🏠 8,502 homes' energy use for one year 📱 4.3 billion smartphone charges Learn more about our plans for this asset here: https://lnkd.in/e2QArUNe Joseph Sumberg Nicolette Rabadi Jaze Nadine Anderson Alexander Munoz Rachel Reardon Kate Nassab Yu Jeong (Yu Jeong) L. Sydney Howard

Galvanize's interdisciplinary Impact team embeds within each of our investment strategies, bringing deep expertise across measurement, science, and technology, market development, policy and geopolitics. In a new blog post, Anant Udpa shares some of the strategic frameworks and tools we leverage to help seek out opportunities across asset classes where climate impact creates competitive advantage, from public equities to real estate. Read his thoughts here: https://lnkd.in/eWVCiFGK

Galvanize Real Estate has announced its third acquisition in just over six months, purchasing a 608,000-square-foot industrial asset in central New Jersey as it builds a portfolio of assets targeted for decarbonization. “Central New Jersey’s attractive solar programs, robust logistics network and growing demand for industrial space make this property an ideal addition to our portfolio," Nadine Anderson, VP, Acquisitions told Bloomberg's Frances Schwartzkopff. Read more about the property here: https://lnkd.in/gxjZdBte Joseph Sumberg Allison Fremed Nicolette Rabadi Jaze Alexander Munoz Kate Nassab Nadine Anderson Rachel Reardon Yu Jeong (Yu Jeong) L. Sydney Howard

Loved seeing two of our co-chairs Tom Steyer and Katie Hall honored on the TIME100 Climate list this year alongside several portfolio company leaders: Tim Latimer of Fervo Energy, Matthew Eby of First Street, and Greg Jackson of Octopus Energy. https://lnkd.in/eij4CmKY