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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
 
In this second part of the episode, Michael Raynor and Michael Barnard offer an in-depth analysis of the comparison between hydrogen fuel cell and battery electric buses, focusing on key findings and discrepancies in a recent CUTRIC study. Barnard critically examines issues related to replacement cycles, carbon pricing, refuelling facilities and in…
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Laurent goes live to Baku COP29 to discuss with Bruce “Almighty” Douglas, CEO Global Renewable Alliance and tireless promoter of Renewable Energy. He is the one who coins the famous “Triple Renewables” rallying cry, and has be rewarded by joining the precious list of TIME 100 Climate leaders. With Bruce, Laurent dives into COP. Shambolic, Rudderles…
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As COP29 begins, the ripple effects of the re-election of Donald Trump are reaching the shores of the Caspian Sea. COP28 welcomed 85,000 delegates, within which a significant contingent of Oil lobbyists. COP29 is supposed to be the “Finance COP”, whatever that means, but all major head of states will not participate. What to expect from COP29? Are …
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In this episode, host Michael Barnard engages in an enlightening conversation with Michael Raynor, co-author of The Innovator’s Solution and an expert in carbon reduction strategies. Raynor shares his personal journey into sustainability, the evolution of his focus on decarbonization, and his current work developing innovative solutions for address…
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First, Gerard is sorry, he couldn’t make it as he was on a ship in the Irish Sea, and his Starlink wouldn’t connect. So, it is just Laurent interviewing a young superstar, Peter Paul van Voorst, CEO of the mobile battery management platform Skoon. Skoon, based in Rotterdam, is now seven years old and manages more than 1,000 mobile batteries in 14 c…
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Gerard and Laurent welcome Kristian Ruby, secretary general of Eurelectric, about their new report entitled “Power Barometer – Zeroing in on Electrification”. To quote the IEA, we enter in the “Age of Electrification” where electrification rate is going to accelerate significantly. We have an extensive conversation about the good news (growth of re…
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In Episode 38 of Redefining Energy - Tech, Rob Jackson addresses the growing challenge of methane emissions, which are over 90 times more potent than CO2 in the short term. He reveals that two-thirds of methane emissions come from human activities such as fossil fuels, agriculture, and landfills, with livestock, especially cows, being the largest a…
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What are VPP? Virtual Power Plants. What are DER? Distributed Energy Resources? As the grid becomes more intermittent while the load is growing, those VPP/DER platforms provide a critical role by shedding demand, sometimes for a few minutes, to alleviate stress on the Grids. VPPs can avoid starting polluting peakers via pre-agreed and targeted dema…
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While Gerard is doing his rock star concert at TedTalk Berlin, Laurent has invited an old friend, Roger Atkins, Top Voice on EVs to discuss the people behind the EV revolution. Roger has a 40 year career in the Auto industry (half of them in EVs) and his cowboy hat makes him a fixture of great EV shows around the world. Roger talk about his encount…
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Rob Jackson, Chair of the Global Carbon Project and Senior Fellow at the Woods Institute, dives into a critical discussion on methane emissions and their impact on climate change. In this episode of Redefining Energy - Tech, he outlines methane’s potency, noting that it is 80-90 times more effective than CO2 at trapping heat during the first few de…
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The battery infrastructure is currently growing 3x faster than the solar industry. Records are beaten daily: in August 2024, for the first time, Chinese battery factories passed the 100GWh production mark. We are seeing industry giants consolidate their leadership while hopes of alternative technologies or promising start ups are being squashed. Th…
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Gerard is live on the Wisdom Tree Commodity Exchange podcast and delivers a masterclass on how to invest in the Energy Transition: Renewables, Equity, Innovation, Commodities. ----- Laurent will be keynote speaker at ReSource Amsterdam 24-25/10/24. Come say hello https://resource-platform.eu/events/re-source-2024-event/ ----- We also salute the lat…
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In Episode 36 of the "Redefining Energy" series, host Michael Barnard engages Michele Wucker in a nuanced discussion about the complex nature of risk, focusing on the distinction between risk profiles and risk fingerprints. These fingerprints, shaped by an individual's inherent traits, experiences, and environmental influences, are crucial in under…
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ExxonMobil forecasts 2050 Oil demand be the same as today. We believe that they are just “talking their books.” To discuss the future of the Energy system as well as the fight against Climate Change, we bring in a very respected expert and friend of the show: Kingsmill Bond, Energy Strategist at RMI. Kingsmill has been digging deep into the data an…
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As Europe has reached 270GW wind power (vs 150GW USA), corresponding to a value of 500bnEUR, we dig into the value of those assets. Gerard being out, Laurent brought his friend Mortimer Menzel, Managing Partner of Augusta Co, one of the most seasoned investment bankers in the wind sector. After describing the past gloom (interest rates, inflation, …
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In Episode 35 of "Redefining Energy - Tech," host Michael Barnard engages with Michele Wucker, the author of *The Gray Rhino* and *You Are What You Risk*, in a thought-provoking discussion on risk perception and management. Wucker introduces the concept of the "gray rhino," which symbolizes obvious yet often overlooked risks, in contrast to the "bl…
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As wind and solar become ubiquitous, the value of hydropower goes up. Hydropower is becoming the ultimate clean energy, as it is flexible and easily dispatchable. Hydropower is concentrated in certain geographies (China, Brazil, Canada) and is almost entirely developed by State-Owned Utilities that can stomach and support the very long construction…
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“Summer has come and passed / The innocent can never last / Wake me up when September ends”. Like John Wick, Laurent thinks he is back. So we have a very energetic Minutes to start September. With Gerard, the co-hosts focus on one of the key trends of 2024 which they call “Batteries, the Great Consolidation”. A lot of great experts are helping shap…
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In Episode 34 of the podcast "Redefining Energy Tech" (part 2/2), host Michael Barnard engages with Professor Bent Flyvbjerg, author of "How Big Things Get Done," to delve into the intricacies and strategies of megaprojects, focusing particularly on the comparison between pumped hydro storage and battery systems. The conversation emphasizes the imp…
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How to decarbonise buildings? That’s an important topic because that sector accounts for 37% of all emissions, making it one of the three pillars of decarbonisation next to electricity generation and transportation. Progress has been mixed. If lighting is an incredible success, heating and cooling remain a complex proposition with certain countries…
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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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