Welcome to the Energy Source newsletter from New York! We are currently witnessing a global cleantech competition as the US aims to reshore its supply chains, reduce dependence on China, revitalize its industrial heartlands, and create jobs while lowering emissions and energy costs. However, the US may face challenges in achieving these goals, as Mitsubishi Heavy Industries’ US boss expresses doubts. On the other hand, investors like Scott Jacobs, CEO of clean energy investor Generate Capital, are more optimistic. In an interview with us, Jacobs discusses the benefits of the global arms race in cleantech and the potential for cheaper options in the market. This article also touches on the importance of government intervention and multinational competition and how they contribute to climate action. Jacobs argues that the economic value proposition of clean energy solutions is crucial in driving decarbonization and the energy transition. Despite concerns about inflation and the upcoming presidential election, Jacobs remains confident in the competitiveness of clean energy. In the Data Drill section, we explore the declining shale rig count and its connection to recent takeovers in the sector. Lastly, the Power Points section provides information about the Energy Source team and recommends other newsletters to check out. Stay informed and sign up for our newsletter to receive it directly in your inbox.
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