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Redefining Energy

Laurent Segalen and Gerard Reid

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Two investment bankers weekly explore how tech, finance, markets and regulations are radically redefining the world of energy: Renewable Energy, Electric Cars, Hydrogen, Battery Storage, Digitisation... Your co-hosts: from Berlin, Gerard Reid and from London, Laurent Segalen. Our LinkedIn page: https://www.linkedin.com/company/redefining-energy/ X handle: @Redef_Energy
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Redefining Energy - Tech, a channel of the award-winning Redefining Energy podcast, features deep and broad conversations between global decarbonization leaders and technologists and host Michael Barnard. His informed perspectives on energy, industry and transportation enable him to have intense conversations with brilliant and knowledgeable people. You’ll be informed, stimulated and amused.
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show series
 
A special interview with one of the great minds of the Energy Transition. Dr. Doug Arent is the Executive Director of Strategic Public– Private Partnerships at the National Renewable Energy Laboratory in Golden, Colorado, U.S and Distinguished Fellow, World Economic Forum. He just published a book called “Our Renewable Energy Future: The Story of H…
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Michael Barnard talks with Professor Bent Flyvbjerg (part 1/2), a leading expert on megaprojects and author of "How Big Things Get Done." Flyvbjerg shares insights from his extensive research, revealing that a staggering 99.5% of projects fail to meet budget, timeline, and benefit expectations. He discusses the critical importance of analyzing succ…
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During Summer season, we bring you back the best of our sister show, Redefining Energy TECH, where host Michael Barnard invites Paul Martin for a very long and geekie conversation about innovative solutions for industrial heat. Two titans of our industry. Paul Martin, a seasoned chemical engineer, share his profound insights on the electrification …
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In episode 143, Gerard, Laurent and Michael have discussed the philosophy of Bill Gates when it comes to the Energy Transition, and the root causes of his flawed thesis. Let see now if this transpires in his main investment vehicle, Breakthrough Energy Ventures (BEV). Michael Barnard is quite blunt: “To be clear, Gates is still highly resistant to …
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Bill Gates is sucking a lot of oxygen in the Energy Transition. Is he a force for good, or a nuisance? What is his thesis and where does it come from? And is the thesis still valid in 2024 or obsolete? In this episode, we will not analyse Breakthrough Energy Ventures, his VC fund celebrating its 10th anniversary. That will be the topic of Episode 1…
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In our latest episode, Host Michael Barnard and Jan Rosenow, European director for RAP, delved into the multifaceted world of heat pumps and their critical role in the energy transition (part 2/2). Here’s a brief summary of the insightful discussion: We kicked off by exploring the terminology and rising popularity of heat pumps in the media, highli…
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In our latest episode, host Michael Barnard has the pleasure of speaking with Jan Rosenow, who shared incredible insights into energy policy and the critical steps needed for decarbonization. Here’s a brief overview of the key takeaways: Jan, with his strong background in geosciences and energy policy, highlighted the pivotal role of energy in glob…
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Texas and California have witnessed a crazy growth in Solar and Batteries in recent years. In 2024 California has 24GW of Solar and 9GW of batteries on its grid; Texas has grown even faster with 31GW of Solar and 10GW of batteries. When it comes to the Energy Transition, you can make the following analogy: public policies are the land and financial…
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After a crazy Intersolar in Munich which welcomed more than 120,000 visitors, the pace of Solar deployment in Europe is going exponentially. Gerard and Laurent bring in Walburga Hemetsberger, CEO of Solar Power Europe, to discuss the development of Solar, and through the new report “Mission Solar 2040”, how we are on the cusp of a Flexibility Revol…
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Glencore’s CEO Gary Nagle has once described ESG as “some person in the basement in office number 27 engaged in a box-ticking exercise.” And a lot of fossil fuel companies – while being less explicit – share the same opinion on ESG… and have voiced their hostility indirectly through complicit media outlets. The ESG movement is facing a significant …
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In our latest podcast episode, host Michael Barnard and guest Paul Martin dove deep into innovative solutions for industrial heat. The conversation covered a wide range of topics, from the use of electrical and heat batteries to advancements in thermal storage, underscoring the potential benefits of storing energy as heat rather than relying solely…
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We bring in Nick Wayth, CEO of Energy Institute (EI), for the release of the 73rd Edition of the Statistical Review of World Energy. The Energy Institute Statistical Review of World Energy™ analyses data on world energy markets from the prior year. Previously produced by bp, the Review has been providing timely, comprehensive and objective data to …
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UK is at the nexus of the subsea interconnector’s new economy. Great Britain is connected to Continental Europe by 8 interconnectors representing up to 15% of its power consumption. Subsea cables are now a growing industry because of the benefits they bring to the grids, such as resiliency, capacity, lower prices, and renewable energy balancing. Al…
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In our latest podcast episode, Host Michael Barnard is thrilled to have Paul Martin. Paul, a seasoned chemical engineer, share his profound insights on the electrification of industrial heat processes. Here’s a brief summary of the conversation: The discussion kicked off with a critical analysis of the inefficiencies associated with using fire for …
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Laurent interviews Georgios Stassis, PPC’S CEO, during Eurelectric Power Summit 24. PPC, the Greek Utility, is a remarkable turnaround story: from a soviet-style dinosaur a few years ago, PPC has become a thriving forward-looking profitable modern Utility. With Georgios, we discuss the investment in renewables, the phase out of lignite, digitisatio…
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In April, we did Ep129 Minutes about China and announced the interview with a real expert. Here it is. With David Fishman, an American based in Shanghai, we dig deep into China’s Energy Transition. We try to reconcile the rise of renewables and the rise of coal use. We try to decipher what is decided locally and nationally. We investigate what is t…
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Last week, Laurent was in Athens for the spectacular Eurelectric Summit (we will talk more about it in 2 weeks’ time, with a special Episode) meanwhile, we bring in our friend Jan-Michael Hess, organiser of the Berlin EcoSummit 4-5 June to discuss Clean Tech and his annual gathering of more than 100 Start-Ups and hundreds of investors. If you don’t…
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In this engaging podcast episode (part 2/2), Professor Amy Wagner Johnson shares the challenges and innovative strategies for coral reef restoration. She highlights the potential of artificial reef materials that support healthy growth without detrimental chemical leaching, and introduces cutting-edge methods like 3D printed structures, referred to…
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"McKinsey, BCG and S&P Global Commodity Insights project electricity demand tied to data centers to increase at a CAGR of 15% through 2030." “Booming AI demand threatens global electricity supply (FT)”. Media and consultants have recently raised the alarm about the unquenchable energy thirst of AI and datacentres. Can we believe those predictions o…
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We bring in the star of the week, Ember’s Dave Jones, to discuss the Global Electricity Review 2024, published last week. Main take aways (thank you Nat Bullard): Renewable sources (hydro, wind, solar, geothermal, biomass) are now 30% of global electricity supply. Solar generation increased 23% yoy; wind 10%. Fossil fuel generation increased 0.8%. …
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In this insightful episode of "Redefining Energy Tech" (part 1/2) Professor Amy Wagoner Johnson, a materials scientist from the University of Illinois Urbana-Champaign, delves into her groundbreaking work in coral reef restoration. Transitioning from her background in bone tissue engineering, Amy discusses how she applies similar principles to inno…
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Distribution grids are facing new challenges. On the one hand, they experience a growth of local demand, with EV charging, heat pumps and datacenters. On the other, they must accommodate with the fast deployment of decentralised energy such as rooftop solar and batteries. How to reconcile those challenges while maintaining grid stability? And how c…
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We hear conflicting messages regarding the status of the EV market. On the bright side, IEA predicts 17mEV to be sold this year, EV and Hybrids reach 50% market share in China for Q1, more than 500 EV models are currently on the market. On the dark side, Tesla and BYD deliveries were down in Q1_24, Tesla revenues were down 9% compared to Q1_23 and …
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In the second half of the discussion with Kevin Antcliff from XWing, the focus shifted to the transformative power of autonomy in aviation, exploring its broad applications, the hurdles it faces, and its potential to reshape industries like cargo delivery and aerial photography. The conversation illuminated the critical function of unmanned aerial …
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Laurent and Gerard have a rapid overview of what’s going on regarding the Energy Transition in China and its political implication in the West. Record production of this, record production of that, overcapacity everywhere… We babble a lot, rant a bit, and conclude that we need to invite a real expert on the show.…
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What is the value of green electrons? Hard to say. Depends where, depends when. What is sure is that, in view of recent regulations and corporate commitments, they must be tracked. From an annual basis, we are now moving to an hourly basis, under the thrust of corporate initiatives like the GhGProtocol, RE-100 and EnergyTag. Behind this movement, B…
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In a captivating episode of "Redefining Energy Tech," host Michael Barnard welcomed Kevin Antcliff, the head of product at X Wing, to discuss the transformative trends in the aviation industry. Kevin, who has an impressive background with a 13-year tenure at NASA, shared his journey from a childhood fascination with aerospace to leading product vis…
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This week, Gerard and Laurent have been invited to a private event organized by Aquila Capital in March 2024, during the Global Infrastructure Conference, where they debate with Markus Wandt, CIO Aquila if “Renewables are still an Infrastructure play?”By Laurent Segalen and Gerard Reid
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The main hindrance to the development of renewables is the connection queue. Basically, grid operators tell developers “Sorry guys, we’re full”. A recent study by RMI has proven that this is simply not true. Grid operators are either too conservative or not incentivized to take more load. Old solutions. Old thinking. Grid Enhancing Technologies (GE…
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In this insightful second episode, Roberta Cenni, the head of biofuels at the Maersk McKinney Mueller Center for Zero Carbon Shipping, delves into the potential of biofuels as a sustainable energy source for the shipping industry. With biodiesel currently being the only commercially available biofuel derived from fats, oils, and greases, she discus…
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This week, Gerard and Laurent talk about the 3 big energy gatherings that happened this week. Houston (CERAweek), Bilbao (WindEurope) and Berlin (Global Infrastructure Summit). Laurent and Gerard were in Berlin and report what they saw and heard. In a simple sentence à la John Wick “Yes, I think I’m back”…
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“It’s hard to play a good game when you have been served weak cards”. This is the perennial challenge of Japan when it comes to the Energy Transition. And the game is getting harder when your two main choices, nuclear and hydrogen, are proving extremely costly in a world of cheap renewables. How robust is a business model based on a protected inter…
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In the latest episode of "Redefining Energy Tech," hosted by Michael Barnard, we had the pleasure of welcoming Roberta Cenni, head of biofuels at the Maersk McKinney Moller Center for Zero Carbon Shipping. With a rich background in chemical engineering and a passion for sustainability, Roberta shared her journey and the pivotal decision to join the…
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This week, Gerard and Laurent talk about Conferences / Exhibition that they recently attended and what they have learned there. Gerard was in Germany’s E-World while Laurent was in London’s Energy Storage Summit. And they act as mirror opposites: "back in business" in Germany while the storage in London realises that the Champagne year of 2022 cann…
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The two limiting factors for a faster deployment of EVs are the price of vehicles and “range anxiety”. While the former is being addressed by an ever-growing number of cheaper models available on the market, the latter is also experiencing a revolution. You would believe that such an opportunity would be grasped by Utilities. Surprise! They didn’t …
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Michael Barnard welcomes back Mark Wilson, CEO of Intelligent Land Investments of Scotland for the second half of their discussion. They embark on a detailed discussion about the intricacies of pumped hydro facilities, including engineering, design considerations, and the role of pumped hydro in the evolving landscape of renewable energy. Mark Wils…
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This week, Gerard and Laurent talk about three great reports that have recently been published and deliver some world-class data about past achievements, current status and the direction of travel. As a sign of things to come, European Carbon has lost 36% since the beginning of the year. We are here saluting Ember and their power/emission statistic…
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To discuss everything that’s going on in the PPA market (and a lot of things are happening), Gerard and Laurent bring back the excellent Luca Pedretti, CEO and co-founder Pexapark. Pexapark is the leading swiss-based intelligence platform on PPA in Europe. With Luca, we have an extensive conversation about the recent evolutions in the PPA market. T…
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Welcome to the latest episode of "Redefining Energy Tech," where host Michael Barnard delves into the evolving world of renewable energy technology. In this engaging session, Michael introduces his esteemed guest, Mark Wilson, CEO and founder of Intelligent Land and Investments (ILI) of Scotland. Mark shares his remarkable journey, beginning with s…
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This week, Gerard is out, so Laurent does the Minutes with Michael Barnard, host of our sister show Redefining Energy – Tech. On the menu this week, an overview of the decarbonisation of shipping. What will be electrified? What role for Hydrogen, Green Ammonia, Methanol and Biodiesel? And the answers are hybrid and multi-fuels. Links to Michael’s a…
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At COP28 was endorsed the concept of “tripling renewables” – all good, but a lot of people forgot to mention the rest of the sentence which is “and doubling of Energy Efficiency”. In the latest IEA report, there is a 400bnUSD Energy Efficiency pie, almost at the level of Oil Upstream, and more than into Grids. Nobody talks about it. Buildings, Indu…
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Why has the fund raised by infrastructure fund drastically collapsed in 2023. Is it linked to lackluster returns in a high interest rate environment? At the same time, we have seen numerous acquisitions of mid size infrastructure specialists by larger global asset managers, case in point the very spectacular purchase of Global Infrastructure Partne…
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In this episode of "Redefining Energy Tech," host Michael Barnard continues and concludes his conversation with Cornelis Plet, DNV's VP for Power Systems Advisory in North America. They delve into high voltage direct current (HVDC) transmission, focusing on the contrast between Line Commutated Converters (LCC) and Voltage Source Converters (VSC). C…
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After two years of irrational exuberance, we are back to earth when it comes to Cleantech investment. On the menu this week, Gerard and Laurent are reviewing the Cleantech 100 report (15th edition). The overall ecosystem is down 40% yoy, but it has also cleaned the foam and is now revealing the future. We discuss the 5 sub-sectors (agriculture, tra…
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Long term renewables assets portfolios provide stable returns. In most of the world, they are held by pension funds, insurance companies or big infrastructure funds. We have the exception of the UK with listed Infrastructure funds, also known as Yieldcos. For more than a decade, Yieldcos have been the backbone of the Energy Transition investing. To…
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In this episode of the podcast, host Michael Barnard welcomes Cornelis Plet, Vice President for Power Systems Advisory at DNV North America. Cornelis, nicknamed 'Case', shares his journey from the Netherlands to studying electrical engineering in Germany and London, and his involvement in offshore wind projects with Shell. He further discusses his …
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First Episode on the Redefining Energy MINUTES on the main channel. On the menu this week, an update of nuclear and offshore wind, two important (but minor) sources of carbon-free energy. And some news on the scandal at Cummins, and their pollution cheating device, costing them 1.6bnUSD. https://www.reuters.com/business/autos-transportation/cummins…
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Happy new year to all our listeners. It has become a tradition for the first episode of the year: Gerard and Laurent present their 2024 Predictions in the Energy Transition. And we brought in our friend (and co-host of our sister show RE TECH) to spice up the conversation: Michael Barnard. Michael also acts as referee to score the predictions that …
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Final Episode of 2023 (and last one for the MINUTES on their own channel). All episodes will be on this channel going forward. Here are the Redefining Energy Awards for 2023: Company of the Year - BYD Start Up of the Year - PV Case Deal of the Year – Tesla and NACS Trade of the Year – Short Gas TTF Scandal of the Year – Venture Global and the 200 L…
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