Five main categories:
- Electricity (25%).
- Agriculture (24%).
- Manufacturing (21%).
- Transportation (14%).
- Buildings (6%).
- (The final 10% is a sixth, miscellaneous category that includes things like the energy it takes to extract oil and gas.)
So, while the world is understandably focused for now on the coronavirus and pathogens, there are plenty of other big challenges for society that lie ahead.
To help crowd in the corporate trillions of dollars to join the governments’ billions, Global Corporate Venturing has set up its Connect Challenges page so entrepreneurs and CVC portfolio companies can reach out and build links even if deals are harder for the time being to strike.
We are delighted to partner with GCV Leadership Society member and oil major Shell for the energy challenge section as it looks to explore the hydrogen economy – something the European Union will on Wednesday describe as a focus area for its green deal initiative as part of its next budgetary cycle. GCV and its sister title, Global Impact Venturing are liaising with the European Commission on how CVCs can lean into the new hydrogen economy.
As Geert van de Wouw, vice-president of Shell Ventures, said: “In these challenging times, it’s more important than ever to support the development of innovative solutions needed for a more sustainable energy future. As the global economy will start to recover from the current crisis, there will be an ever-increasing need for more and cleaner energy solutions to spur the economic recovery and retain the momentum of the energy transition.”
Shell’s posting of its hydrogen challenge is part of its fifth edition of the New Energy Challenge.
