187645226

2020 New York Climate Week Panel and Whitepaper

Cleantech, Collaboration, and Climate Action: Driving the Clean Energy Transition through COVID-19

Welcome

Credit Suisse and Dynamo Energy Hub, in collaboration with IBM, recently hosted a panel and released a whitepaper during New York Climate Week - Cleantech, Collaboration, and Climate Action: Driving the Clean Energy Transition through COVID-19. 

Watch the panel replay 

Access the whitepaper 

493758564

Cleantech, collaboration, and climate action: driving the clean energy transition through COVID-19 

Leading up to Climate Week NY, Credit Suisse, Dynamo and IBM have had numerous discussions with clean energy companies, focused on the impact of COVID-19 and the energy transition. We are pleased to share these insights and some broader cleantech investment trends in this paper.

Panel Speakers

Kristin Barbato

Kristin Barbato

Co-Founder, Dynamo Energy Hub 

Kristin Barbato is Co-Founder of Dynamo Energy Hub. With 25 years in energy, Kristin has a background in energy innovation as an executive in utilities, government, and private sector energy operations and investment. She is also Founder and CEO of Build Edison, which helps early-stage energy companies get to scaled commercialization faster. 

In her previous executive roles, she helped cities and corporations optimize their capital planning, commodity supply, efficiency projects, renewable investments, and smart operations performance. Kristin served as Managing Director of Enterprise Development at Edison Energy, Vice President of Customer Energy Solutions at the New York Power Authority (NYPA), and was appointed to Deputy Commissioner / Chief Energy Management Officer for New York City during Mayor Bloomberg’s Administration to manage the long-term sustainability plan (PlaNYC) for the country’s largest municipal energy infrastructure and operations with an annual budget of $1.3B. Kristin also worked for Veolia Environment, ConEdison, and Florida Power & Light in various technical and strategic leadership roles.  

Kristin graduated Cornell University with a B.S. in Civil Engineering. She also holds an M.S. in Organizational Leadership from Mercy College and completed her MBA in Finance and Economics from Columbia University in May 2008. For the last four years, she has been a Professor of energy management for graduate level international policy schools at Columbia and New York University.  

Christopher Galle

Christopher Galle

Chief Operations Officer, Bioenergy Devco

Christopher joined Bioenergy Devco as the Chief Financial Officer in 2019 and became the Chief Operating Officer in 2020. He leads the Company’s evaluation of new project and strategic acquisition economics. In addition, he oversees the administrative and corporate operations of Bioenergy Devco. Prior to joining BDC, Mr. Galle worked in the Investment Banking Division of Barclays from 2011 to 2018 focusing on financial institutions. While at Barclays, Mr. Galle executed both M&A transactions as well as a variety capital markets offerings including debt and equity for clients. Prior to his time at Barclays, Mr. Galle worked in Lehman Brothers Private Equity Group from 2005 to 2009 where he conducted analysis on private fund investments as well as direct co-investment opportunities. Before joining Lehman Brothers, he worked at Commerce Street Capital (fka SAMCO Capital Markets) focused on providing advisory services to community banks in Texas. Mr. Galle has an MBA from Columbia Business School and a BBA with Honors from Texas Tech University.

Brad Gammons

Brad Gammons

Global Industry Managing Director for Energy, Environment & Utilities, IBM

Brad is currently serving as Global Managing Director of IBM's Energy, Environment, and Utility Industry. He is responsible for the industry's strategy, sales, consulting services, solution development, and partnerships. Before taking his current position, Brad served as IBM's Global Industry General Manager for Energy and Utilities. Brad completed a seven-year assignment to China in 2016 and currently based in New York, NY. 

Before joining IBM, Brad served as a Captain in the United States Air Force. He held positions in Strategy and Planning and as a Flight Crew member on the B-52. Brad's formal education includes a BA in Political Science and an MBA in Finance. He also has extensive professional training while serving in the military.

Brad is a member of the IBM Acceleration Team and the IBM Industry Academy. Brad has testified in front of the US Congress on Energy issues, featured in articles in Forbes, Business Week, and numerous industry and business periodicals. Brad is also a frequent speaker and panelist at industry conferences and forums. He is on the Boards of the Terrawatt Initiative, irth Solutions and served in the Paulson Institutes Council on Sustainable Urbanization.

Rene Kerkmeester

Rene Kerkmeester

Director, Equigy 

Rene Kerkmeester is the Director of Equigy, the Crowd Balancing Platform. Rene leads the efforts from European Transmission System Operators (TSOs) TenneT, Swissgrid and Terna, to found Equigy and provide a solution that would address the increasing need for flexible power in the electricity system. Prior to his role at Equigy, Rene was responsible for the Digital Transformation Program at TenneT in Germany and The Netherlands. Rene was the CEO at APX, Europe’s premier provider of power exchange and clearing services for the wholesale market. Rene is married, has two daughters and lives in Blaricum, The Netherlands.

Ted Michaels

Ted Michaels

Head of Renewables North America, Credit Suisse

Ted Michaels is a Managing Director of Credit Suisse in the Investment Banking division, based in New York. Mr. Michaels is a member of the Power and Renewables Group and is responsible for coverage of a variety of clients in the power, utility and renewables spaces.

Mr. Michaels joined the Power and Renewables Group at Credit Suisse in 2006. Recent relevant experience includes serving as exclusive financial advisor on BlackRock’s acquisition of Everpower; advising Duke Energy on its $2.4bn sale of its LatAm generation business to CTG and I Squared Capital; advising Talen Energy on the $654mm sale of the Ironwood CCGT facility; advising Actis and Mesoamerica on the 100% divestiture of GME to SunEdison; advising Sunrun on its U.S. $250mm IPO and private placement; advising GIP’s strategic investment in Terra-Gen Power; and advising on the sale of Community Energy to Iberdrola.

Prior to Credit Suisse, Mr. Michaels worked in the Investment Banking division at Dexia Global Structured Finance and in the Management Consulting group at PricewaterhouseCoopers.

Mr. Michaels received his M.B.A. in Finance from the NYU Stern School of Business and his B.S. in Engineering at the University of Virginia.

Cathy Zoi

Cathy Zoi

Chief Executive Officer, EVgo

Cathy Zoi is a distinguished executive with decades of experience in the energy industry, government, academic, and non-profit sectors. Prior to EVgo, she was President and co-founder of Odyssey Energy, a distributed generation software company she continues to chair. Zoi served in the Obama Administration as Assistant Secretary and Acting Under Secretary at the Department of Energy, where she oversaw more than $30 billion in energy investments. In the early 1990s, she was Chief of Staff for Environmental Policy in the Clinton White House and she pioneered the Energy Star program while at the U.S. Environmental Protection Agency. 

During her career Zoi has served as the founding CEO of several organizations focused on climate solutions, including Frontier Power, a rural electrification company incubated by SunEdison; the Alliance for Climate Protection, established and chaired by U.S. Vice President Al Gore; and the Sustainable Energy Development Authority, a $50m fund to commercialize clean energy technologies in Australia. Prior roles include energy investor at Silver Lake and Bayard Capital; management consultant at ICF and Next Energy; and adjunct professor and Precourt Energy Scholar at Stanford University. Zoi has a B.S. in Geology from Duke University and an M.S. in Engineering from Dartmouth.

Emily Chasan

Emily Chasan

Former Sustainable Finance Editor, Bloomberg

Emily Chasan is a Sustainable Finance Journalist, most recently at Bloomberg News. She edited the weekly “Good Business” newsletter for Bloomberg Green. She writes about trends in sustainable and impact investing, as well as corporate responsibility and governance.

She was previously a senior editor at The Wall Street Journal's CFO Journal, and a senior correspondent at Reuters where she covered accounting, law, hedge funds, manufacturing, and the U.S. stock market. She led the wire service's team of bankruptcy reporters during the financial crisis from 2008 to 2010.

She has won two Front Page Awards from the Newswomen's Club of New York and in 2012 was named to the National Association of Corporate Directors' "Directorship 100" list of people most influential on corporate boards of directors.

Emily graduated from Tufts University cum laude with a degree in Economics and International Relations. You can follow her on twitter @echasan.

Other Relevant Publications

511919367

Financing Credible Transitions:  How to ensure the transition label has impact

Without a unifying definition of ‘transition’ in the market and with investor concerns around greenwashing, this transition framework has been established to assist in the mobilization of global capital flows towards activities which enable the transition to a Paris Agreement-aligned economy. The aim is to support the rapid growth of a transition bond market as part of larger and liquid climate-related market and deliver confidence for investors, clarity for bankers and credibility for issuers.  

The paper promotes an economy-wide energy transition in which companies can shift their activities towards more sustainable alternatives. 

731745675

Making Mission Possible: Delivering a Net-Zero Economy 

The Energy Transitions Commission (ETC) is a coalition of global leaders from across the energy landscape: energy producers, energy-intensive industries, equipment providers, finance players and environmental NGOs. Our mission is to work out how to build a global economy which can both enable developing countries to attain developed world standards of living and ensure that the world limits global warming to well below 2°C and as close as possible to 1.5°C. For this objective to be reached, the world needs to achieve net-zero GHG emissions by around mid-century.

Marisa Drew, Chief Sustainability Officer and Global Head of Sustainability Strategy, Finance and Advisory at Credit Suisse, notes “this is a very important paper and piece of research on the corporate transition that Credit Suisse has contributed to as part of our membership with the ETC.”

Event Partners

Co-hosted by: Dynamo Energy Hub

Dynamo Energy Hub is a unique global network that provides industry thought leaders with a platform to accelerate the growth of the clean energy economy. Dynamo brings together corporations, governments, cleantech innovators, investors and entrepreneurs to shape the future of energy and cultivates broad energy innovation communities in key cities around the world. 

Co-hosted by: Credit Suisse

Credit Suisse has been a pioneer in the area of sustainable finance and impact investing for two decades. Credit Suisse believe banks and financial institutions have a vital role to play in the future of finance and in shifting global economies toward more sustainable business and economic models. The bank recently established the Sustainability, Research & Investment Solutions Executive Board-level function to drive and execute strategy around sustainability, research and investment solutions. As part of the launch, Credit Suisse outlined a number of commitments to propel our progress in the sustainable finance space; this includes but is not limited to a goal to provide at least CHF 300 billion of sustainable financing over the next 10 years. Credit Suisse strives to lead the way in supporting clients as they adapt their business models and join the transition to more sustainable economic systems.

In collaboration with IBM

IBM helps its clients become more energy efficient, navigate the energy transition, implement new ways to source, manufacture and distribute goods and services in a more sustainable manner, enable safe and renewable sources of energy and manage resources at a macro level, transforming entire industries. IBM takes a holistic approach to our planet's challenges that combines its innovative technology, data analytics, deep business insight, and industry expertise.