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BFF Newsletter #6 - July 2020

Get the latest insights from the sustainable energy transition space
Brought to you by Contrarian Ventures

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If you are someone who has been in the midst of the popular energy debate for at least a few decades, the so-called hydrogen revolution is by no means a new concept for you. Is it not merely a more flashy cousin of solar energy that has boomed since the 2000s? Let us explain why we think that the green hydrogen is finally up next.

First and foremost, while solar energy has been the focal point of seemingly every conversation concerning the renewable energy future, we have to accept that some things with solar are fundamentally not perfect. No matter the abundant investment or support from the governmental institutions, the seasonality, inconsistent availability and high costs have prevailed. Some even believe such inflows of capital into solar energy technologies formed The Green Bubble by the late 2000s. 

Do not be mistaken - if we were to become carbon neutral by 2050, solar energy will inevitably be crucial to ensure we meet The Green Deal's targets. However, such a heavy focus on solar made the world realize that we will achieve the carbon-neutral future with solar working together alongside other innovations. 

One of these technologies is in the midst of a similar boom to solar. As a natural extension to own energy generation and fueled by the growth of electric vehicle adoption, governments from California to China drive demand for batteries. Costs have come down faster than any forecast predicted, and they are beginning to permeate our lives at a new scale. While the effects of more cost-effective batteries span wide, transforming entire industries and challenging others, as well as propel technologies required to accelerate the sustainable energy transition. While this technology is an amazing enabler of the transition, it is simply not effective or in some cases feasible to apply it everywhere, be it due to weight, safety, longevity or cost.

So how can we fix the issues of the carbon-free energy supply to make it clean, consistent, and affordable? Here is why we think hydrogen is in the perfect position to steal the show next:

— Consensus at the political level. The European Commission's new hydrogen strategy from the European Green Deal anticipates that the European hydrogen market will be 70 times bigger in 2030 compared to what it is today.
— Healthy competition. EU understands the need to be first-to-market internationally - they want to be the technology leaders in hydrogen to establish the benchmark for the euro-dominated hydrogen transactions.
— Corporate companies are embracing the revolution. The likes of Shell and Chevron are vocal about their support and belief in the hydrogen technologies as they allocate more and more capital for supporting innovators in hydrogen, and we expect to see a full shift to green hydrogen soon.
— Innovation at every stage of the hydrogen life cycle. Innovation is key at the production, transportation, utilization and industrial application levels. We created the Global Hydrogen Startup Map below to deep dive into what 75 of the brightest hydrogen startups have to offer - they are ambitious, but they are exciting!

We believe that the future of renewable energy technologies is bright - and they are united in their goal of a carbon-neutral tomorrow. While solar energy is important, analysts estimate that clean hydrogen could meet 24% of the global energy demand by 2050, with annual sales in the range of €630 billion. These are not just empty words - the EU has prepared a comprehensive plan on how the hydrogen-powered future will be achieved, and the international partners will follow.

Be prepared for the green hydrogen boom - a brand new commodity is being created as you are reading this!

 The Global Hydrogen Startup Map

We are very excited to present another edition of the Contrarian Ventures series of technology companies maps - this time we embarked on the hydrogen adventure across the globe. 

We wanted to showcase the 75 brightest technology companies to watch in the very diverse and multi-faceted hydrogen space. We aim to be consistent and logical with our approach - the startup map begins by covering the production/generation side of the hydrogen industry and continues to delve deeper into the complex applications of fuel cell and combustion technologies. 

Do you think the list lacks some rough diamonds that remain to be discovered? Let us know which companies we should add and track!

 Summit To Take Place On September 22-23

We are excited to confirm our annual Energy Tech Summit will be taking place on 22-23 in September! And in the true transformational spirit of the recent pandemic, attendees and speakers will have the opportunity of attending in person, as well as virtually. 

This year, based on the overwhelming feedback we received from previous events, we are extending the summit and changing the format to focus on certain topics, or "tracks", which include: Battery, Automation & AI, Future Grid, Hydrogen, E-Mobility, and Digitization.

We continue to onboard hundreds of energy tech & e-mobility Investors and Companies working on the sustainable energy transition to the network, and Energy Tech Summit is one of the essential platforms to bring our community together and foster meaningful connections.

We will also be announcing the finalists of the New Energy Challengers competition tracks each week leading up to the summit and will host the final for the prize during the event, so stay tuned and root for your favourite company!
Join Energy Tech Summit

SunIconContrarian Ventures Reading List

U.S. oil producers wrote down $48 billion in first quarter of 2020
🛢️ European oil giants seem to be in the same boat as their U.S, counterparts - BP echoed Shell in telling investors that oil assets are not worth as much as they used to be

The Future of Urban Transport Faces a Make-or-Break Moment
🛵 Car-sharing is suffering from the fallout of the pandemic, predicting a 25% drop in the market this year

Working from home can save energy and reduce emissions. But how much?
🏡 💻 WFH brought about immediate effects - oil demand shrank but residential electricity use surged

Hurry-IconBig Moves in the Market

🔋 Plans to expand its reach in a wide range of scale, from edge and distributed computing to massive data centers and telecom infrastructure.

Rivian raises $2.5 billion to bring its electric SUV to market
🚙 Launch of our the 2 company models and Amazon delivery vehicles expected next year
BMW signs $2.3B battery order with Northvolt
 BMW purchased battery cells to power the iX3 SUV to launch next year in the massive deal with Northvolt

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