The 2030 European framework for climate and energy policies sets ambitious targets for reducing greenhouse gas emissions. Central to achieving these goals is the deployment of innovative low-carbon energy technologies. A multitude of such technologies has been developed under research and innovation programs in the EU member states. Financing is a key element for bringing such innovations to the market. Yet, many new technologies cannot find investors for numerous reasons.
Against this background, the European Commission has commissioned the project “Building the Investment Community for Innovative Energy Technology Projects”, which aims to assess and address the current barriers to investment in innovative clean energy technologies and provide best practices and tools to overcome those obstacles.
The project is being implemented by a consortium of consultancy firms, with a record of accomplishment in the field of effective energy, environment and climate change policies and strategies. This consortium is formed by London Economics and Climatekos from UK, Adelphi and the Frankfurt School of Finance & Management from Germany, and Trinomics from the Netherlands.
Ultimately, the project strives to understand and address current barriers to investment in innovative clean energy technologies. Case studies are being developed for a set of companies that have successfully obtained funding for their innovative energy technologies. The case studies will look at aspects such as (i) funding history of the company, (ii) matching mechanisms applied, (iii) success factors & obstacles and (iv) role of the government.
Results will be used to develop a manual for other innovators , assisting them in reaching out to potential investors. The project will further contribute to increasing clean energy investments by developing a portfolio of clean energy technology projects in Europe and organizing match-making events. Based on these insights, policy measures will be identified at EU level to overcome barriers and bottlenecks.
BSQ was selected as one of the companies to help this research and has been providing information based on their experience in the field of funding of novel solar ventures, within the specific framework of their business plan.
Additionally, BSQ is also participating in the matchmaking events that the consortium organizes, with the first one having been held in London on Nov. 23rd, 2017 at the headquarters of international law firm Norton Rose Fulbright, in the very heart of London, neighbor to London bridge and the City Hall. Norton Rose Fulbright is interested in collaborating with participating companies in the legal aspects of their projects.