Negativity surrounding the energy transition is never hard to find, from reports warning new technologies aren’t being developed fast enough to meet Net Zero, to ongoing funding, regulatory and scaling concerns.
But the future may be brighter than we think, delegates attending the World Economic Forum (WEF) annual meeting in Davos heard today.
“You have people leaving landing rockets and saying ‘I want to go work in energy,’” said Bob Mumgaard, Co-Founder and CEO, Commonwealth Fusion Systems, in a panel on ‘Deploying Advanced Energy Tech Faster’. “You look at portfolios, they are full of people bringing skills from other fields – that’s very exciting. The energy sector is actually the hardest to get into, so I think we’re going to see a pipeline fill, and in around 10 years from now, a whole bunch of technologies to pick from.” He said sectors such as fusion provide a completely new technological stack and business model.
Hans Kobler, CEO and Founding Partner, Energy Impact Partners, agreed that there is an incredible amount of talent entering clean energy, with the industry attracting the smartest people from business schools and engineering departments. “Once we unleash the creativity, hopefully we find good ways that won’t harm the environment,” he said.
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