How can GreenTech help solve the UK’s worst energy crisis to date?
The combination of market disruptions, an outbreak of socio-political conflict, and a lack of knowledge around consumption habits has led to the worst energy crisis seen of any generation. This has in turn prompted the urgency for green transformation, with hopes to create alternative solutions to acquiring a finite resource in an affordable manner. Founder of leading global startup investment bank, JPIN, Nayan Gala, stresses the importance of investing into the GreenTech sector as the way forward, particularly in the event of extreme crises similar to the current energy deficiency.
In a stark contrast to last year’s global cooperation recognised by world leaders at COP26, millions of households across the UK are set to face extreme fuel poverty in an arena where 85% of domestic heating comes from natural gas. Even more shockingly, over half of the country’s electricity is generated by burning fossil fuel in gas-fired power plants; yet, the UK has the least amount – less than 1% – of gas storage capabilities in Europe – a crucial factor that leaves room for supply disruptions. The government has attempted to contain the issue and alleviate surging costs with subsidies and tax breaks; however, a crisis that is expected to carry on until at least 2023 has reintroduced the significance of renewable energy to not only reduce carbon emissions, but to offset the reliance of energy from outside the UK.
As the UK is currently witnessing higher greenhouse gas emissions from homes compared to 2015, it’s evident that corporate leaders are seeing the urgency and importance in Environmental, Social, and Governance (ESG) investing. 2021 saw a record year for ESG investing, with a record £2 billion of investment – a 127% increase in UK impact investment since 2018. Research from leading global startup investment bank, JPIN, reveals that green and sustainable companies are the most popular sector to invest in – with 43% of investors in the UK choosing green companies as opposed to other sectors. Additional research from Butterfield Mortgages Limited (BML) has found that a quarter of UK investors plan to make ESG investments by 2025, while 21% plan to do so in the next 12 months.
With this in mind, JPIN, a leading global startup investment bank working across the world’s emerging markets, is looking to connect ambitious founders with pioneering investors, and connect businesses that need a timely injection of capital. Motivated by a desire to assist with the increasing shift to drive green innovation, JPIN aims to provide a global proprietary network of family offices, institutions and strategic mentors to help green and cleantech startups with global expansion across Asia, Africa, Latin America and Europe. They also provide mentoring, advice, and council with an advisory board made up of global finance experts; their target is to enable startups throughout their journey to scale and to help them become Decacorns (valued at over $10 billion).
Founder of JPIN, Nayan Gala, comments:
“Reaching net zero is perhaps the greatest challenge society has ever faced, and now this has once again become the forefront of the UK’s government’s priority, given the urgency of the current energy crisis. It is now more important than ever to generate alternative methods of producing electricity to combat supply disruptions, particularly in the UK where there is a heavy reliance on other countries. However, many of the technologies we’ll need to succeed don’t yet exist or need significant refinement, meaning businesses need to act now. A key part of the growth journey of any innovator is the international expansion that is to come, something that JPIN specialise in. At JPIN, we hope to drive the next generation of green and cleantech startups by providing them with the tools they need to reach their potential in this space.”