Energy Transition

“You need to recognize that we are in a transition. And this bullshit of, it's gotta be green, and drill, baby, drill, is the problem. Both have a place.”

“It seems to me this is the first time from an economic lens we've had a super cycle in 40 years. We had women coming into the workforce and brought new consumers in the 19 forties and fifties. Then we had the fall of the wall in 1989. It brought in the globali…”

“I think the people who created horizontal drilling and figured out how to extract more gas and more oil in a clear way as a bridge to the future, ah, that entire sector is underrated.”

“Energy transition has been a big part of our thing. We did last year a whole bunch of Solar panel companies, battery companies, electric vehicles, ah, we're looking at some grid, some companies which improve transformers, make the grid more efficient, new sour…”

“The world, from our perspective, is going through an energy addition, not necessarily an energy transition, and I think AI is really amplifying that, in that we need more energy.”

“Critical metals and minerals and technologies that both can recover metals from waste streams, whether it's mine tailings or electronic waste or other secondary sources. But also recover metals in a more environmentally friendly and responsible way. This is re…”

“And that's a world where you're not even going to really know if you're in, let's say you know, a petroleum powered device or vehicle versus an electric powered vehicle. And that's when the energy transition happens.”

“It's not really an energy transition. It's an emissions transition. The emissions is what we're trying to get at.”

“I'd argue vehemently there's too much money in the energy transition. It's just concentrated in the hands of very large funds who can't get out of bed without writing a billion dollar equity check.”

“And what we try to do is merge these worlds together, is just to say, hey, when we're in those conference rooms, realistically, we're not bringing up climate. We just aren't. We're bringing up money. And when we're in other conference rooms, we talk about how …”

“So we had to figure out, see there's two, there's big energy and little energy. Big energy is the grid. Little energy is thousands of homes having batteries and rooftop solar. So the opportunity is actually in, in this little energy where there's lots of playe…”

“Well, I've been known to say that the energy transition is at least to a first order, basically a transition from fossil fuels to metals and minerals.”

“Zero chance. Not at all. Not in a million years.”

“And the reality is that many of them don't really have visibility into their network in a way that allows them to dynamically manage both new resources being added, and then to ensure that the grid operates in a reliable manner. And then as a result, what they…”

“Candidly, I don't think we get there by a long shot. Even with new materials, it's a heavy lift because there are those cultural and cost and systemic issues we need to overcome.”

“We're going to do quantum computing. We are going to go through the energy transition. I think probably via nuclear and hopefully via fusion. These things are going to happen in your lifetime and my lifetime.”

“The energy transition needs somewhere, various estimates put it, about nine trillion dollars a year globally, and we are at a 10th of that.”

“I think that interconnection, both of generation and of load, is rapidly becoming the single biggest barrier to the energy transition.”

“We have the flexibility to take on assets that may have a carbon footprint that today doesn't look great in order to be strong stewards of capital to ensure that technology is applied appropriately in those areas to take them from gray to greener.”

“Right now, we're looking at one in the energy transition space. It's all about owning brown to green. We cannot find anyone else doing it.”

“We're starting to push past that first phase of the energy transition where we're just bringing, and it Megawatt hours of clean power online and we're not really to the upward bounds of, like, You know, we're not to 50 or 60% renewables yet, but, like, we can …”

“Utilities, I think, is a significant part of global emissions, clearly, but within the public markets in particular, it's probably one of the more interesting ways to express climate advocacy and engagement in that it's such a big part of emissions, and I thin…”

“This is not the time for divest. This is the time for invest. The answer here is Making profitable investments in the transition to make it happen faster and to ride the wave of demand that is that transition.”

“Like, I think interconnection may end up being The single largest bottleneck to the energy transition, or even climate tech across all things”

“There is a divide that has not been Recognize so much, but it's a different view, as the former energy petroleum minister of India said, it's not an energy transition, there are energy transitions.”

“You know, the energy transition will happen in our generation. It has to happen”

“So I became convinced that the reason we don't transition energy is first and foremost because we do not have as a species that technology to do it. Politics play a role, but it is really a technological gap first and foremost.”

“There's rarer metals, lithium being the by far most obvious one. But also things like cobalt and zinc and nickel where You know, we see in most cases global supply being sufficient to meet the needs of the energy transition, but just an enormous concentration …”

“The energy transition does not happen in the United States without imports.”

“We are confident the lithium price will stay, you know, elevated in the long run, not related to the current spike, but just in the long run, elevated, because there will be constant demand pressure, and in fact, I'm, you know, sort of concerned about it. I th…”

“So there's a multi-decade process of transition where the cheapest suppliers of hydrocarbon might actually produce a larger share of the pie, even though it's a shrinking pie, they're producing a larger share of it, and they have more influence, and that influ…”

“It's going to be, I think, harder for a country like Russia to make that transition. So they may be more of a loser in a transition.”

“If things don't go smoothly, it certainly could give fodder to people who say that, hey, it's dangerous to move too fast on this stuff, or, you know, we need these coal plants, they're reliable, and this new, newfangled stuff isn't. You know, so that, that wou…”

“While certainly energy transition is going to happen over time, it is that over time, and it's not a two year process. It's a two decade to five decade to who knows how long process.”

“Energy transitions from wood to coal, coal to oil, oil to nuclear, whatever's going to be next, take a long time because of the size of the installed base and capital required to build out the new infrastructure. So, We're going to use a lot of carbon based en…”