2 ms·
So climate tech is great and very important (have been in the industry for a long time) - it isn't a huge money maker. Margins are thin - companies are lean an
by boringg 4y ago
So climate tech is great and very important (have been in the industry for a long time) - it isn't a huge money maker. Margins are thin - companies are lean and historically you are competing against future cheaper prices (e.g. Solar). It's called the Solar coaster for a reason. Energy Storage assets have a 10 year life and are essentially arbitraging energy demand or providing grid services for the IESO.
Hopefully the IRA can translate into a lot of productive asset growth in North America - at the very least we can translate the GDP / CO2e to be more efficient. It isn't clear that it will be a huge success but it is important goal to pursue.
That said there are many humorless climate zealots out there that are problematic that get in the way of progress.