Congratulations Capricorn Power – off to Cyprus

Congratulations Geoff and Mike from Capricorn Power, who won the Climate KIC Launchpad pitching event in Victoria.  They are now off to compete in the international Launchpad competition finals in Cyprus on 17-18 October 2017.  It was a privilege to help to mentor the team and see the pitch develop over the weeks of the competition.  I'm expecting big things from Capricorn Power ... watch this space!
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Climate KIC Launchpad Bootcamp in Melbourne – impressive!

We attended Climate KIC's Launchpad "Bootcamp" workshop in Melbourne on 25-26 August as mentors.  Very impressed with the syllabus and quality of the presenters running the workshop - Frans Nauta and Vanessa Rauland. Some great teams attended - wide variety of ideas, some businesses really starting to get established too.  They all used the opportunity to step their pitch decks forward, with great feedback helping out along the way.  Out of 12 teams, 2 energy specific and one EV leasing.  Look forward to working with some of these teams moving forward!  
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Electricity demand: behavioural and policy interventions

Good talk/ discussion today put on by the EU Centre at UniMelb & FBE. Jorg Lingens: electricity demand behavioural and policy interventions. What determines household electricity demand? Options: storage vs demand side mechanisms.  Demand side less expensive and can stabilise system. Real time pricing.  So houses and SMEs adjust consumption.  But price response is typically v small. Also rich households tend to have higher price responsiveness hence burden on poor.  NOTE: in Germany, where Jorg based his research, most households seem to pay fixed annual prices for electricity.  So determinants of demand are going to be v different from Australia. Soft interventions: social norms, information provision, psych effects - this is area of Jorg's research.  Set energy saving goals with no monetary impact if not reached.  Households tend to be present…
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4th Element Energy joins TRaM Runway

Congratulations to the 4th Element Energy team - Linden, Riyan, Guillermo, Nikolas and Asal for being asked to join the TRaM Runway program this year.  We look forward to continuing to work on product / market fit and opportunities with you!
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McKinsey Energy Roundtable

Joined a bunch of energy industry people for a round table (more like a long skinny table actually!) this week - some great discussions about the energy Transition, its pace and some of the opportunities and threats for Australia.  High (>60%) degree of pessimism in the room about whether we'll meet our Paris INDC commitments, but also high degree of optimism about the rollout of renewables.
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