A view from Clean Tech Stars 2024
- 11 March 2024
- Posted by: Mikki Hall
- Category: energy transition
Authors: Robert Hines
JP Morgan hosted their annual London Clean Tech Stars conference on 6-7 March 2024. This brought together the most innovative first movers in the decarbonisation space. With over 10 years’ experience in the carbon capture and decarbonisation space, Robert Hines shares his thoughts from the event.
Showcase of innovation
With attendance from world-leading companies such as Climeworks, with their direct air capture, and fusion developers, Tokamak, demonstrating technical and commercial success, there was a very real sense of the 2050 net-zero vision. My top picks for rising stars are Standard Gas, with a modular hydrocarbon-waste to energy plant, producing multiple revenue-generating products, and Amogy who have demonstrated ammonia-based power plants across vehicles from drones to shipping.
Increased engagement in energy transition
Even casual observers will be able to see the energy industry is far more sincerely engaged in the transition to cleaner operations than it was even 5 years ago. There is no lack of commercial or political will to enable this change, but it comes at vast, GDP-denting, levels of expense. As someone from the engineering side of the energy industry, it is beyond encouraging that the finance sector has positioned itself as a key enabler in solving this. JP Morgan’s event had the explicit goal to help companies access capital to scale.
Keynote panel discussion
The Keynote Panel Session was chaired by Chuka Umunna, former Labour MP and now Head of EMEA ESG & Green Economy Investment Banking, with Sarah Jones MP, Shadow Minister for Industry and Decarbonisation, and Alexandre Holyroyd, Chairman of the French sovereign wealth fund and French MP. The discussion took place with the working assumption that Sarah Jones will be a Minister of State at the Department of Energy following the next election. There were clearly some strong lines-to-take to reinforce market confidence through sensible subsidy and regulation.
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