Lazard’s Post

𝗖𝗹𝗼𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗖𝗹𝗲𝗮𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗚𝗮𝗽: 𝗔 𝗣𝗮𝘁𝗵 𝘁𝗼 𝗡𝗲𝘁 𝗭𝗲𝗿𝗼 𝗯𝘆 𝟮𝟬𝟱𝟬 🌍 BloombergNEF has shared some new data about the cost of achieving net-zero emissions by 2050. $𝟮𝟭𝟱 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 (19% more than continuing with our current trajectory) is the amount required to close the gap. More details here below 👇 🔍 𝗞𝗲𝘆 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗻𝗲𝗲𝗱𝗲𝗱 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗲 𝗺𝗮𝗶𝗻 𝗰𝗹𝗲𝗮𝗻 𝘁𝗲𝗰𝗵 𝘀𝗲𝗰𝘁𝗼𝗿𝘀 - Electric Vehicles (EVs): $120.1T - Power Grids: $24.1T - Renewables: $22.7T - Carbon Capture & Storage: $6.8T - Energy Storage: $4.2T - Clean Industry: $4.1T 📊 𝗪𝗵𝗮𝘁 𝗱𝗿𝗶𝘃𝗲𝘀 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝘂𝗽 Some examples: - The increasing pressure driven by adverse climate change effects - Alternative paths to economic growth that don't foresee reliance on fossil fuels - The need for more comprehensive energy security policies 𝗧𝗵𝗲 𝗯𝗶𝗴 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻 ❓ Can the projected financial gaps and needs be sustained in the long term by global markets? Full chart by BloombergNEF

📢 Panel Announcement: New York Energy Capital Assembly 2024 Our Future Facing Panel at the #NYECA24 will focus on the outlook for the O&G sector in era of resource scarcity and declining productivity. We are excited to welcome industry leaders to discuss the role that AI will play in improving well productivity and how to leverage AI as a strategy to drive immediate cost reduction, optimize process efficiency, and open avenues for new revenue streams. Daniel Brown, President & CEO, Chord Energy Will Whatton, Principal, Advisory Services, Grant Thornton LLP (US) John Moon, Managing Director and Head, Morgan Stanley Energy Partners David Cecere, Partner, Tailwater Capital LLC David S. Ferris, Chief Sustainability Officer, Vital Energy Join the discussions at Nasdaq MarketSite on June 6 - 7, and connect with leading names from across the U.S. energy sector: https://lnkd.in/eCG2M_Ez #energysector #energypolicy #energytransition #upstream #oilandgas #explorationandproduction #esginvesting #energyinvestment

Rho Motion Live: Asia | Energy Transition Capital (Panel)    “The IEA estimates a two trillion dollar investment is needed for the energy transition – that’s a lot of money! The good news is that investments in clean energy are now clearly outpacing traditional energy investments”    The final session of the event was a panel discussion focused on the investment side of the energy transition. Host Jessica Fung from Pala Investments was joined by Garth Ziegler from HSBC, Anthony Tse from EMR Capital, and Lu Yang (陆旸), CFA of Standard Chartered, to explore the financial requirements of the sector.     Key discussion points included:    • The biggest challenges to financing the energy transition  • Consistent questions being asked by capital providers when doing due diligence  • The importance of human capital  • Has capital deployment proved efficient across the industry?       #RhoMotionLive #EVConference #EVBattery #EVCharging #BatteryRecycling #EnergyStorage  

Nextracker Reports Q4 and FY24 Financial Results Nextracker, a global market leader of intelligent solar trackers and software solutions, announced financial results for the fourth quarter and fiscal year ended March 31, 2024. Full FY2024 Financial Highlights Q4 FY2024 Financial Highlights: “Fiscal year 2024 was a year of strong execution and significant growth for Nextracker, and we reached a record backlog of over $4 billion that more than tripled in 2 years,” said Dan Shugar, founder and CEO of Nextracker. “We’ve accelerated our pace of product innovation, scaled global revenue and supply chains, more than doubled our profits from the prior year, and exceeded all elements of […] Read the full story here: https://lnkd.in/dDUY8brf #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #ebitda #financialresult #gaap #globalnews #nextracker #revenuegrowth #solartrackers

The energy transition is a hot topic, with the AEMO chief executive calling for urgent investment in the electricity grid just yesterday. There are some exquisitely difficult challenges involved and no easy solutions. I had the opportunity to discuss this dilemma with The Australian Financial Review.   Our team at Clayton Utz is working hard on not just talking about the problems but coming up with the solutions. It requires a mix of expertise to come together: finance, economics, technology, regulation and most importantly, commercial, innovative and pragmatic minds. We need to hurry, and make sure we do this right. https://ow.ly/1mRx50PGEy6

How can the demand growth for power in the #US caused by #AI be met by #renewableenergy companies? #Infrastructure fund manager Jim Wright discusses whether #regulatedutilities and #renewablepower developers can follow merchant power stocks and become among the strongest performers in the S&P 500 Index in 2024. For Investment Professionals only. Capital at Risk. Premier Miton Investors #energy #renewableinvestment 

There is a single driver of M&A activity in the energy, utilities and resources sectors. Find out what it is in Marc Schmidli’s latest blog post. #PwCDeals #IndustryTrends #DealsTrends #EU&R #PwCMandA2024

One day to go! I’m thrilled to be counting down the hours until we welcome our esteemed clients, speakers, and sponsors to Marsh Asia's inaugural Energy Industry Conference. The next two days will be packed with valuable insights about our industry and how we can collectively navigate an accelerated energy transition. Can't join us in person? Don't worry! We'll be sharing key takeaways and updates right here, so stay tuned. #MarshAsia #EIC2024 #energytransition #riskmanagement

The global energy transition is happening faster than expected, with multiple transitions occurring worldwide. EY research shows that to keep up, energy and resources companies must focus on three key areas; incentivizing the switch from legacy assets to renewables; building a minerals and metals supply chain to keep up with demand; and empowering consumers to play a bigger part. The rise of EVs is a clear example of how quickly changes can happen. A steep trajectory of adoption is outpacing predictions, with EV sales set to outstrip sales of all other vehicles by 2030. Organizations that act and take the right actions now can quicken the journey to a decarbonized future. Discover more in our Energy and Resources Transition Acceleration report: https://lnkd.in/e2rSd5x7 Serge Colle, Andy Brogan, Saulius Adomaitis, Paul Mitchell, Andre Winarto, Andrew Horstead, Angie Beifus, Paul Bogenrieder #EYEnergy #EnergyTransition #EVTransition 

There is a single driver of M&A activity in the energy, utilities and resources sectors. Find out what it is in Marc Schmidli’s latest blog post. #PwCDeals #IndustryTrends #DealsTrends #EU&R #PwCMandA2024