charting the future, connecting the globe - cleantech...
TRANSCRIPT
Charting the Future, Connecting the Globe
CTG keeps you in touch with the emerging trends, the leading innovation companies, and the key players in sustainable innovation around the world.
#cleantechSF
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Total $ Amount Total Deal Volume*Excludes outlier deals above $350M Powered by data from i3
> $88bn invested across > 11,000 venture & growth capital deals, 2002-16
15 years of the “Cleantech” Innovation Theme
#cleantechSF
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Total $ Amount Total Deal Volume*Excludes outlier deals above $350M Powered by data from i3
15 years of the “Cleantech” Innovation Theme
Cleantech encompasses knowledge-based technology products/services that: Provide superior performance at lower costs Greatly reduce or eliminate negative ecological impact Improve the productive and responsible use of natural resources
Doing more with less
Thank you
Where are we today? Taking Stock of the Journey
#cleantechSF 05
Healthy portfolio diversification has taken place
…to 4 x $1 billion dollar sectors in 2016
Source: Quarterly Investment Monitor Jan 2009 Source: Quarterly Investment Monitor Jan 2017
From solar domination in 2008…
#cleantechSF
The Rise of the Platform Company The Spread of “As a Service” – MAAS, DAAS, WIAAS
A very different set of company types has emerged
Source: Towards a Distributed, Digital and Flexible Energy System, 2017 Global Cleantech 100 Report
#cleantechSF
Change is marked, in the most active innovation funders
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#cleantechSF
There was a marked step up in Asian investors in North American companies
Our East meets West theme played out strongly in 2016
Source: Quarterly Investment Monitor Jan 2017
#cleantechSF
Our East meets West theme played out strongly in 2016
The same pattern plays out in the 2017 Global Cleantech 100
#cleantechSF
The Intersection of Industry and Digital widens the pool
Source: CTG Insights, November 2016
#cleantechSF
Thank you
Where are we today?
The Ecosystem is in good health
#cleantechSF 012
West Coast
East Coast
Global Prizes
International Business Plan Competitions
Innovation Support is Everywhere for the 2017 startup
#cleantechSF
Danny Kennedy
Managing Director California Clean Energy Fund
#cleantechSF
#cleantechSF
Acquirer Target Deal Size
Strategic M&A activity seems to be on the rise
$5bn
$752m
$2.4bn
$1.8bn
$4.3bn
The number of companies in our Cleantech Index®
(CTIUS) has reduced 2007-16 from a high ~80 to today’s
53, in part due to rising M&A activity:
- 20 CTIUS companies were acquired 2007-12
- 26 CTIUS companies were acquired 2013-16
Select 2016 Acquisitions of CTIUS companies
#cleantechSF
Fundraising 2016 has been a better year for funds’ fundraising
$100m
$200m
$200m (first close)
$125m (second close)
$135m $100m
€50m (first close)
Jan 2016 Dec 2016
(“opens” new industrial innovation fund – 3 LPs to date)
#cleantechSF
2016: an extraordinary year for billion $ announcements
A$1bn Clean Energy Innovation Fund
$3bn US China Green Fund
$1bn (over 10 years) OGCI Climate Investments
$1bn (over 20 years) Breakthrough Energy Ventures
2016
#cleantechSF
Thank you
Where from here?
Signals of the Future: a few macro thoughts
#cleantechSF
Solar’s march towards cost-competitiveness is all predicated
on falling costs
Affordability is Everything
PV modules - 138x
cheaper since 1976
6x cheaper since
2008
LED’s market volumes beat forecasts every year,
because of the plummeting cost
15x cheaper
than in 2008
With an EV Li-Ion battery pack 70% cheaper than in 2010 and China promoting hard, especially with buses, EV’s
look set to be a story of the next 15
Proterra’s Catalyst e2 bus
#cleantechSF
In the past 10 years…
Processing costs have declined by 60x
The cost of bandwidth have declined by 40x
Sensor costs have dropped from $1.30 to $0.60.
Affordability Drives the Internet of Everything
#cleantechSF
Three to Watch in the next 15
Disruptive Forces will expand to more industries yet
#cleantechSF
Three to Watch in the next 15
Disruptive Forces will expand to more industries yet
1. Mining companies respond to pressure to innovate
The market capitalisation of
the Top 40 mining companies
dropped 37% in 2015, a drop
disproportionately greater
than that in mining
commodities prices (PwC
2016)
#cleantechSF
Three to Watch in the next 15
Disruptive Forces will expand to more industries yet
1. Mining companies respond to pressure to innovate
2. Next Generation Transportation Technologies
Permeate Shipping in the Drive for Efficiency
The market capitalisation of
the Top 40 mining companies
dropped 37% in 2015, a drop
disproportionately greater
than that in mining
commodities prices (PwC
2016)
#cleantechSF
Three to Watch in the next 15
Disruptive Forces will expand to more industries yet
1. Mining companies respond to pressure to innovate
Only 27% of CEOs across the chemicals sector agreed
that 3D printing was “strategically important” to their
organizations (PwC 2015)
3. De-centralization, Localization and Personalization visits the Chemicals World Supply Chains Re-Invented by bio-chemicals and 3D Printing
2. Next Generation Transportation Technologies Permeate Shipping in the Drive for Efficiency
The market capitalisation of
the Top 40 mining companies
dropped 37% in 2015, a drop
disproportionately greater
than that in mining
commodities prices (PwC
2016)
#cleantechSF
With 3 billion more on-line by 2020, 1 billion more on the planet by 2030, a flow of “Reverse Innovations” is likely to strengthen
Innovation Will Continue to Globalize
#cleantechSF
Jules Besnainou
Director of Product Development Cleantech Group (CTG)
#cleantechSF 027
What new technologies will have an impact on energy, industry and agriculture in the next 10 years? Where
are they today? What are early applications in our world of energy and data?
At the Cutting Edge
#cleantechSF 028
What new technologies will have an impact on energy, industry and agriculture in the next 10 years? Where
are they today? What are early applications in our world of energy and data?
At the Cutting Edge
#cleantechSF 029
What new technologies will have an impact on energy, industry and agriculture in the next 10 years? Where
are they today? What are early applications in our world of energy and data?
At the Cutting Edge
#cleantechSF 030
What new technologies will have an impact on energy, industry and agriculture in the next 10 years? Where
are they today? What are early applications in our world of energy and data?
At the Cutting Edge
#cleantechSF 031
Prof. Whitesides
Harvard
Anna Gilles
ENS Lyon
Sravan Puttagunta
Civil Maps
Ana Trbovich
Grid Singularity
Hicham Oudghiri
Enigma
What new technologies will have an impact on energy, industry and agriculture in the next 10 years? Where
are they today? What are early applications in our world of energy and data?
At the Cutting Edge
#cleantechSF
#cleantechSF
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#cleantechSF
#cleantechSF
Thank you
Can technology trump all before it?
Keeping it Real
#cleantechSF
Digital Innovation alone doesn’t get us to zero carbon by 2050
Not Everything Moves at the Same Pace
Water innovation is lagging its energy “cousin”
#cleantechSF
How fast will technologies be adopted?
Incumbents Do Not Innovate Fast
Will the “finance to scale” be available?
#cleantechSF
What impact will the new US Administration have, on what and whom, and when?
3:15pm – 5:00pm | Cyril Magnin Ballroom Policies and Politics, Probabilities and Possibilities: What issues should we pay attention to, what can we change?
Nicole Lederer
Tom Rand Dr. Barbara Buchner,
Mark Bauhaus
Mike Mielke
Michael Terrell
Jon Powers
#cleantechSF
2002 2017 2032
Digitized, distributed energy becomes the standard, challenging the utility business model
Utilities make money by regulating traffic, providing operating and emergency services
Rooftop solar panels out of fashion in NA + EU
Replaced by solar tiles + omnipresent storage
Screens, smart glasses, handheld devices, buttons progressively disappear
Tech becomes invisible (e.g. smart lenses), online and offline converge. Revolutionizes manufacturing, logistics, maintenance.
Industry fully digitized and automated, AI + robotics
Some major cyber-attacks along the way
CRISPR has taken over genetics, engineering most of what we eat for durability and nutrition
It is increasingly hard to define what “natural produce” is
Most cars and buses are fully autonomous, bringing cost of transportation and pollution down
The average miles driven/person has increased as cars park outside of cities while waiting for owners
2017 is a year on a multi-decade journey
Thank you for you kind attention
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