Fernandez: Infrastructure investors back FOAK projects for multi-project platform deployment options
Mario Fernandez · FOAK tales · Jun 4, 2025 · at 37:31
Mario Fernandez, head of Breakthrough Energy Catalyst, explains the underwriting incentives and platform economics motivating infrastructure investors to back first-of-a-kind climate projects.
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“What we've seen is most of these infrastructure investors really play for the platform, right? I'm putting X hundred million dollars in the first project. What I really want to do is put a billion dollars into your next two or three projects, and a lot of them are getting options for those projects, but because what they really, they don't want to do A one and out project.”
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