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Enhancing Capital Flow into Early Stage Energy Technologies

Enhancing Capital Flow into Early Stage Energy Technologies
January 31 - February 1, 2017
Denver, CO         

ARPA-E held a workshop on “Enhancing Capital Flow into Early Stage Energy Technologies” on January 31- February 1, 2017 in the Denver, CO area. This workshop convened leading experts and thought leaders from the financial, clean energy market, multilaterals, family offices, technical and policy sectors to identify innovative cross-disciplinary mechanisms, gaps in policy or regulation, and business model innovations that can enhance the successful pathway to commercialization of early-stage clean energy technologies.  Participants lent their expertise to recommend either novel solutions or subject matter areas for further research that would enable private capital flow into early stage clean energy technology ventures.   

Areas of discussion and targeted outcomes included: 

Discuss the co-evolution of technology and policy regimes 
Discuss the impact of domestic and international policy on clean energy investment
 Identification of synergies across financial disciplines that lead to increased ROI, reduced risk, shorter timeframes to liquidity;
• Identification of financial metrics that are achievable within the clean energy sector; 
• Suggestions for novel financial instruments that achieve desired metrics;
Information dissemination on themes, findings and recommendations of workshop

DAY 1: Tuesday, January 31, 2017

8:30 – 9:00 AM

Arrival

Registration, continental breakfast

9:00 – 9:10

Welcome and Overview

Welcome from the ARPA-E Leadership

 Dave Henshall

ARPA-E

9:10 – 9:30

Welcome & Introductory Presentation

J. Tuttle

ARPA-E

9:30 – 9:45

Foundational

“Trends in CleanTech Investment”

Nathan Serota

BNEF

9:45 –

10:45

Mini-Presentations

(5-min)

Capital Sources

List of Speakers Below

Structured Finance

Stakeholders / Recipients

10:45 – 11:05

BREAK

11:05 – 11:30

Foundational

“Bridging to gap between Philanthropy & Equity”

Sarah Kearney

PRIME Coalition

11:30– 11:40

 

Introduction to the Breakout Sessions

J. Tuttle

ARPA-E

11:40– 12:15

Breakout Session Case Studies

Case Study #1

David Eaglesham

Pellion Technologies

Case Study #2

Jen Baird

Accio Energy

12:15 – 1:30 PM

LUNCH  & KEYNOTE SPEAKER (Paul Bodnar, Rocky Mtn Institute)

1:30– 3:00

Breakout Session #1A

Innovators/Entrepreneurs – Define the Technology Challenge

See Assignments

Breakout Session #1B

Capital Providers – Define the Investment Challenge

3:00 – 3:15

BREAK

3:15 – 3:45

General Session

Introduction to Breakout Session #2 / Readout Session #1

 

3:45 – 4:45

Breakout Session #2

Linking Investor & Innovator Perspectives

See Assignments

4:45– 5:30

Group

Summary

Breakout summary presentation & full group discussion

 

5:30– 5:45

Day 1 Summary

Questions for overnight contemplation – New Structures

J. Tuttle

ARPA-E

 

DAY 2: Wednesday, February 1, 2017

8:00 –
8:30

Breakfast

8:30 – 8:40

Welcome and Overview

Welcome to Day 2

J. Tuttle

ARPA-E

8:40 – 9:00

KeyNote

The Finance for Resilience Initiative - FiRe

Gloria Coleman

Climate Policy Initiative

9:00– 9:10

General Session

Intro to Breakout Session #3 –

J. Tuttle

ARPA-E

9:10– 10:25

Breakout Session #3

Deploying 10X Capital –

Implementing New Structures
New Ideation & Investment Models
Capacity Issues

Pooling

Methods to pool technologies, companies, or funds
Criteria for portfolio

Capital Structures

Potential new capital structures
Investor and company issues

See Assignments

10:25– 10:40

Breakout #3

Synthesis

Breakout Session Groups synthesize results to share with entire group

 

10:40– 11:00

BREAK

11:00– 12:00

Group

Summary

Each Group provides a 10-minute Presentation

 

12:00 12:00

 

Summary Comments

J. Tuttle

ARPA-E


Day 1 Mini Presentations given by:

Pulakesh Mukherjee                           BASF Ventures                                               Corporate Venture Capital

Steven Kloos                                      True North Venture Partners                          Family Office

Peter Mockel                                      International Finance Corporation                  New Capital

Jeff Sirr                                              Munich Re                                                      Structured Finance

Doug Schultz                                     DOE Loan Program Office                               Structured Finance

Ilan Gur                                             Cyclotron Road                                               Incubators

Christina Lampe-Onnerud                 Cadenza Innovations                                       Start-up

Anurag Gupta                                     Case Western Reserve University                   Academic

Jeff Weiss                                            Distributed Sun                                              Structured Finance

Walker DImmig                                    8 Rivers                                                          Start-up / Finance

John Tuttle                                           ARPA-E                                                           Public Equity