What’s called banking is now broken down to a myriad of services, offered by companies a fraction of the size of traditional financial institutions.
Both startups and incumbents, enabled by the convergence of technologies such as cloud services, Internet of Things, high speed communication infrastructure, open source systems architecture, software and banking “as a service” etc., are able to launch new services and products quickly and much less costly.
We believe that given the right conditions and support clean technologies can be competitive if not superior to conventional ones. They also offer significant additional benefits, significantly improving the quality of life in both developed and developing countries alike. We focus on processes, assets, products or services that reduce negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Specifically:
- Renewable energy and materials (e.g. photovoltaics, on shore & offshore wind)
- Sustainable mobility (e. g. transport, green shipping, fuel cells)
Renewables, including solar, wind, hydro, biofuels and others, are at the center of the transition to a less carbon-intensive and more sustainable energy system.
While the electricity sector is the primary beneficiary from the expansion of renewable technology, it only accounts for a quarter of the global energy consumption.
Our focus is to explore ways of expanding the role of renewable technology in transportation, which remains critical to the energy transition.