Fostering startups and innovation in energy

Christian Bogatu
German Federal Agency for Disruptive Innovation
Daria Saharova
World Fund
Jan Krueger
Pelion Green Future

From USD 1.3 trillion today, clean energy investment rises above USD 2 trillion by 2030 in the STEPS, but it would have to be above USD 4 trillion by the same date in the NZE Scenario. Today, for every USD 1 spent globally on fossil fuels, USD 1.5 is spent on clean energy technologies. By 2030, in the NZE Scenario, every USD 1 spent on fossil fuels is outmatched by USD 5 on clean energy supply and another USD 4 on efficiency and end‐uses.  

The world has not been investing enough in energy in recent years, a fact that left the energy system much more vulnerable to the sort of shocks seen in 2022. A smooth and secure energy transition will require a major uptick in clean energy investment flows. Getting on track for the NZE Scenario will require a tripling in spending on clean energy and infrastructure to 2030, alongside a shift towards much higher investment in emerging market and developing economies.

Christian Bogatu, Investment Advisor at SPRIN-D believes there is three components to innovation. "There’s technology – and we have really great technology in Germany, there’s funding – and there’s you guys as venture capital and I also work for one, and with SPRIN-D I think funding is there, and the most important thing is execution. The problem in Germany and Europe is that the innovators, they believe technology sells by itself. And that is so wrong and we have such a hard time convincing people."

Daria Saharova, Founding Partner at World Fund, says that in Germany "we need 22 billion euros invested every day…every year until 2030 according to DENA. And I think we will definitely see more coming into this direction."

Jan Krueger, Partner at Pelion Green Future, believes success for all companies - whether a clean tech company, energy company or other – always comes down to impact. He says, "you need to show you create value and make a difference and that you have a paying customer for this. Only then will you actually be heard among the noise and the more traction you show, the better...At the end of the day I think it comes down to: does your solution provide impact from a decarbonization point of view and but also from a financial point of view, can you achieve something, is there value added, is that a long term viable business model?"

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