Scale, Speed, & Impact are Key to Success in the Energy Transition
In less than a week, executives across the energy spectrum will share how they are winning in energy transition investments at the intersection of the renewable molecule and the cleaner electron at Oil & Gas Investor’s Energy Transition Capital Conference. I am excited to hear about their trials and triumphs since the last Energy Transition Capital Conference just 6 months ago in Houston.
The most notable presentation last October was Quantum Energy Partners Wil VanLoh’s keynote address on the incredible investment opportunities in America, due to safer labor and environmental practices compared to less expensive products from Russia and China. We’ve lived his statements in a short period of time with the War in Ukraine, China’s COVID shutdown, and a pivotal change in both the Biden Administration now boldly standing behind the critical need for natural gas and Texas Governor Abbott supporting the renewable resources building the Texas and American economy.
I’m honored to share the stage with the Director of Finance on Kinder Morgan’s Energy Transitions Ventures team, Thomas Holcombe, where we will discuss the company’s recent acquisition of Kinetrex Energy, the 100+ deals and opportunities the team has seen in the last year, why they have focused in on renewable natural gas, and their view on renewable power and electrifying operations.
I am also eager to hear from Steve Vavrik, CEO of Broad Reach Power, who has spent his career in the renewable power business and successfully led one of EnCap’s first investments in their Energy Transition Fund I with a 50% exit to Apollo last fall. Apollo has committed to invest up to $400 million of additional equity to the expansion and growth pipeline. In nearly months, Broad Reach has already announced 6 new standalone battery storage projects in Texas, totaling 900 MWh, proving that scale and speed matter with increased value placed on resilient electrons.
From the Permian to the Gulf, White Deer’s portfolio company, EPIC Midstream, has made a series of announcements on strategic partnerships on renewable powered hydrogen, aka “green”. I’m curious to hear more from White Deer executive Joe Bob Edwards on how they are leveraging their successful track record in oil and gas to source energy transition investments with meaningful impact and attractive returns.
In addition, NGP has invested in leading companies across the energy transition space for over 15 years, with several in the renewable and EV charging space including ChargePoint, LevelTen, and Voltus. I hope to learn about the headwinds and tailwinds they see as fund managers in the future and how their energy transition fund compares to traditional oil and gas.
I look forward to joining all the impressive executive panelists as well as conference attendees to hear their diverse perspectives across the energy business, from oil & gas investment opportunities to successful exits in record time in the power business.
Article by: Emily Easley, CEO, NOVUS Energy Advisors
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