Ecofin

Ecofin is delighted to be shortlisted for European Responsible Investment Manager of the Year and Thought Leader of the Year at the Funds Europe 2024 awards. The winners will be announced at London’s Banking Hall on Wednesday 6th November. Funds Europe’s annual awards for excellence span asset management firms, asset servicing providers, and technology vendors. The winners on the night are decided by a panel of independent judges, composed of experts and veterans from across the industry, chosen for their ability to give an unbiased and credible evaluation of entries based on their achievements, innovation, and client service. Visit https://bit.ly/3LHnZ4r to see the other shortlist nominees.

Ecofin has been shortlisted for the 2024 Investment Week Sustainable Investment Awards for Sustainable Investment Fund Management Group of the Year (AUM under £50bn)! The winners will be announced at the ceremony taking place on Thursday 19th September at the Marriott Hotel, Grosvenor Square, London. The Sustainable Investment Awards are intended to honour fund providers, research & ratings teams, service providers and individuals who have a key part to play in the evolution of sustainable investing. Entries will be judged by a panel of sustainable investing experts drawn from across the industry. Entrants for the fund categories will have to demonstrate excellence in sustainable investing and key developments over the past year. Meanwhile, entrants for the industry categories will have to provide examples of innovation, original thinking, inspiring leadership and wider sector impact. Visit https://bit.ly/3RIQz8X to see the other short list nominees and judging criteria.

Looking ahead: 96% of new U.S. grid capacity additions for 2024 are all pillars crucial to the energy transition.

Chart of the Month: The next big AI theme. Electricity demand is soaring, catching grid planners by surprise. Why, you ask? It’s all thanks to the growth in AI, data centers, and even the resurgence of US manufacturing. According to the IEA, electricity demand from data centers, AI, and cryptocurrency is set to double by 2026. 😲 In fact, Duke Energy, published a new resource plan in January, noting, "We’re already projecting eight times the load growth we anticipated just two years ago…This additional demand for energy is unprecedented – historic in both size and speed." We expect the power-oriented industries to catch up to the broader AI theme.

With market valuations among renewables companies remaining at attractive levels, the space is experiencing a flurry of corporate activity, with more on the horizon. Ecofin explores why this M&A and buyback activity is occurring, and what it means for investors. Hint: electricity demand growth and interest rate expectations are playing key roles. Click the link to learn more.

The debate is over! EVs are cleaner than ICE’s. By 2030, we believe the difference will be even starker. For more detail, check out this article: https://bloom.bg/4csH5aE

Today we are celebrating the importance of water conservation and access for all. At Ecofin, we’re committed to sustainability and supporting communities. Join us by conserving water, supporting initiatives, and spreading awareness. Together, let make every drop count! #WorldWaterDay #Sustainability #SaveWater

This is continued recognition of the attractive value of the companies we own in Ecofin’s Global Renewables Infrastructure funds. KKR has confirmed a takeover offer for Encavis, a German renewable energy producer, at a 54% premium to the unaffected share price as of 5 March. The offer price translates to 12x 2025 EV/EBITDA*. Looking across Encavis’s peers in the European renewables space, valuations range from 8x to 10x*. Ecofin expects the market will continue to see private transactions and takeover interest given the difference between the value of the long-term cash flow generation capacity of renewables infrastructure companies and their current valuations. * Source: Bloomberg

In this week's episode, Greg and Joe are back with the first episode of season 2. Going back to the podcast roots, they discuss two recent articles of particular interest. Is Hempcrete an answer to lowering the carbon footprint of new construction? Hemp is being used in a number of interesting applications including as a building material. They also discuss 10 charts that sum up 2023’s clean energy progress. They also wonder into the territory of EVs and discuss the postings of the Car Dealership Guy (@guydealership) on X.#SustainabilityPodcast #Sustainability #EnergyTransition Watch below or listen here and subscribe: https://bit.ly/49JrNwh Also, be sure to find us on Spotify and Apple by searching "Ecofin Podcasts". To see other information referenced this week, please visit EcofinInvest.com

In this week's episode, Greg and Joe are back and joined by both their colleague Ben Bor and special guest Dr. Noah Diffenbaugh. Dr. Noah Diffenbaugh is the Kara J Foundation Professor and Kimmelman Family Senior Fellow in Stanford's Doerr School of Sustainability, and the Olivier Nomellini Family University Fellow in Undergraduate Education. He studies the climate system, including the processes by which climate change could impact agriculture, water resources, and human health. We also discuss a bit about Noah’s wicked corner three-point shot and wish everyone happy holidays and a happy new year! Watch below or listen here and subscribe: https://bit.ly/3H2rvEe Also, be sure to find us on Spotify and Apple by searching "Ecofin Podcasts". To see other information referenced this week, please contact [email protected]