166. Green Equities Performance: Core vs Periphery - Jan 2025
Redefining Energy13 Tammi 2025

166. Green Equities Performance: Core vs Periphery - Jan 2025

For the first episode of 2025, Gerard and Laurent have the pleasure of welcoming Shanu Mathew. Shanu is a Senior Vice President at Lazard Asset Management and Portfolio Manager/Analyst on US Sustainable Equity.

We are going to analyse the performance of “Cleantech” Equities throughout 2024 and discuss what to expect for 2025. Let’s be honest: 2024 was an annus horribilis for “Core” Cleantech with major indices (S&P Global Clean Energy Index) down 20%. But 2024 was also an exceptional year for “Periphery” (or adjacent) Cleantech with companies like Siemens Energy and GE Vernova being star performers.

Why such a divergence between “Core” and “Periphery”? What fundamentals are sustaining such trends? Beside interest rates, political uncertainties, competition of China, there are some green shoots that certain segments have better captured than others.

And of course, we are talking about load growth and the rise of datacenters. A rising tide lift all boats, and Core Cleantech having been so much slaughtered in recent years due to past excesses, we foresee a positive rebalancing in 2025.

Overall, a very vast panorama of how the market values the future of the Energy Transition.

Jaksot(175)

120. The new value of green power and PPAs - Feb24

120. The new value of green power and PPAs - Feb24

To discuss everything that’s going on in the PPA market (and a lot of things are happening), Gerard and Laurent bring back the excellent Luca Pedretti, CEO and co-founder Pexapark. Pexapark is the lea...

19 Helmi 202431min

119. The decarbonization  of the shipping industry

119. The decarbonization of the shipping industry

This week, Gerard is out, so Laurent does the Minutes with Michael Barnard, host of our sister show Redefining Energy – Tech.On the menu this week, an overview of the decarbonisation of shipping. What...

12 Helmi 202410min

118. Doubling Energy Efficiency - Feb24

118. Doubling Energy Efficiency - Feb24

At COP28 was endorsed the concept of “tripling renewables” – all good, but a lot of people forgot to mention the rest of the sentence which is “and doubling of Energy Efficiency”. In the latest IEA re...

5 Helmi 202427min

117. Infrastructure Investing, the consolidation

117. Infrastructure Investing, the consolidation

Why has the fund raised by infrastructure fund drastically collapsed in 2023. Is it linked to lackluster returns in a high interest rate environment?At the same time, we have seen numerous acquisition...

29 Tammi 202411min

116. Cleantech100 – the Hangover

116. Cleantech100 – the Hangover

After two years of irrational exuberance, we are back to earth when it comes to Cleantech investment.On the menu this week, Gerard and Laurent are reviewing the Cleantech 100 report (15th edition). Th...

22 Tammi 202412min

115. The future of Yieldcos (listed Infrastructure Funds) - Jan24

115. The future of Yieldcos (listed Infrastructure Funds) - Jan24

Long term renewables assets portfolios provide stable returns. In most of the world, they are held by pension funds, insurance companies or big infrastructure funds. We have the exception of the UK wi...

15 Tammi 202431min

114. Nuclear, Offshore Wind and Cummins

114. Nuclear, Offshore Wind and Cummins

First Episode on the Redefining Energy MINUTES on the main channel.On the menu this week, an update of nuclear and offshore wind, two important (but minor) sources of carbon-free energy.And some news ...

8 Tammi 202413min

113. Our Predictions for 2024 - Jan24

113. Our Predictions for 2024 - Jan24

Happy new year to all our listeners.It has become a tradition for the first episode of the year: Gerard and Laurent present their 2024 Predictions in the Energy Transition. And we brought in our frien...

2 Tammi 202428min

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