Selected companies with innovative technology or business models will pitch for investment. OGCI Climate Investments commits up to $50M for promising solutions.
2019 Venture Day
2019 Venture Day
Energy efficiency solutions to lower CO2 emissions
OGCI Climate Investments is committing up to USD 50 million to companies with promising energy efficiency technologies and business models ready for pilots or deployment. If you have a solution that can materially reduce CO2 along the energy or industrial value chains, please apply!
The selected technologies or business models should reduce CO2 via increased efficiency in the following value chains: Energy – including oil and gas, distribution networks – or Industrial – including plastics, construction, metals and other heavy industries.* They should also demonstrate strong potential for wide scalability to enable material impact.
*For the purpose of the 2019 Venture Day, OGCI Climate investments is not considering proposals focused on energy efficiency solutions for the residential sector.
FOCUS AREAS WITHIN ENERGY & INDUSTRIALS
Materials & Resources
System Design & Process Optimization
Automation & Digitization
The CO2 Challenge…Increase the Efficiency!
Energy & Industrial ~75% of manmade GHG
Sources: Carbon Brief (2017) & IPCC (2014)
Sources: IEA WEO (2018), OECD (2018) & UN (2017)
Energy Efficiency is key to the Paris Agreement
Energy efficiency improvements lowered GHG emissions by ~11% in the past 18 years. Yet 2017 showed the slowest rate of improvement since 2010
Sources: IEA Energy Efficiency (2018), IEA WEO (2018) & Lawrence Livermore National Laboratory (2018)
A 10% increase in energy efficiency in the US will eliminate 1 gigaton of CO2 emissions, without having to reduce demand. With the world’s growing population and rising economies, energy efficiency can deliver an increased value output while reducing CO2 emissions.
Sources: IEA WEO (2018) & Lawrence Livermore National Laboratory (2018)