Thursday, May 29, 2008

Liveblogging at API/Newsweek Energy Series (Part II)

Venture Capitalists are really excited about the energy technologies and are putting more and more money into three main areas: renewables, energy efficiency and transportation.

Trae Vassallo made a comment that struck me: Energy industry has been around a long time with little innovation." There has been a lot of movement from the Goldman Sachs of the world and others, and investors are excited about that.

From a communications point of view, I think there's also a lot of excitement about energy solutions because of the breadth of issues the topic touches: energy independence, global warming national security, clean air, healthy people, etc. People can wrap their minds around it, understand how it touches so many facets of our lives and the wealth of solutions.


Anonymous said...

If you get a chance, ask about using tapped-out oil wells for carbon sequestration...are companies finding this to be feasable? (seems like a good image burnish!)

Also, are the governments that control the vast majority of oil through state monopolies (Saudi, Argentina, others) showing real interest in renewables and/or cleaner tech and are they putting serious money behind it, if they are...?

Maria Surma Manka said...

Anonymous - Great questions. I wish there would've been more time for those. CO2 sequestration was discussed in terms of pumping emissions underground (and as popular area of VC investment) but not to extract oil.

I did not get the sense that other governments are putting serious money into renewables. While they may be exploring clean technologies, the overall picture is that it's still very clearly an oil game.