Whether you’re a believer in the timelines, or sceptical about its urgency, the energy transition is underway, and its ramifications are immense. Both for the climate and for investors, the new order is challenging the old.
In this conversation, Per Lekander, a veteran of the energy and utility space, discusses the failings of the wind and solar industries but also the opportunities which exist for investment.
He evaluates competing energy sources, the rising temperature challenge, the runway ahead for electrification and the changes ahead for autos. He expands on his negative view on Tesla, why Mercedes has such a technological edge, changes in battery technology and how he navigates the long and short worlds in his funds.
Clean Energy Transition LLP is a thematic alternative investment management firm focused on fundamental equity investing across global long/short and long only investment strategies.
Its funds were first launched by Partner, Portfolio Manager and CEO, Per Lekander, at Lansdowne Partners (UK) LLP in 2015. Today, the firm manages c. US$2.7bn in assets for a diversified institutional client base, seeking to capitalise on the transformational changes occurring in the global energy sector, with a primary goal of delivering superior risk-adjusted returns.
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TOPICS:
00:00 - Introduction
01:53 - Background
11:10 - Setting up Clean Energy Transition
14:40 - Consequences of Climate Change
16:15 - The 2024 Climate Context
17:23 - Wind Energy
20:30 - Solar Energy
24:15 - Natural Gas
29:40 - The Intermittency Problem
32:53 - The Future of the Car
40:24 - Mercedes
48:11 - Tesla
1:00:26 - Energy Transition Critical Metals
1:03:43 - Grid Infrastructure
1:05:00 - AI’s Demand-Side Impact
1:06:40 - Closing Questions
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SOURCES:
*Title - Courtesy of McKinsey Research (2022). Read the report here: www.mckinsey.com/capabilities...
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