Climate tech startup founders wishing to mitigate the high delivery costs of energy need to consider renewable resources available from developing nations, argues guest author Mark Dryden of Copec Wind Ventures, who shares five opportunities entrepreneurs should check out.
2 Shares Email Facebook Twitter LinkedIn By Mark Dryden For entrepreneurs working on climate tech startups, the energy transition offers a great opportunity to power new energy-hungry industries from renewables-rich countries, many of which exist in the developing world. Kenya, for example, aspires to become a direct-air-capture hub, while the Middle East is targeting a manufacturing boom. Consider remarkably similar Chile and Namibia as case studies; both have small populations, huge transition metals industries, world-leading renewables growth, and bold hydrogen export ambitions. However, stubbornly elevated energy prices in both are challenging nascent hydrogen and other energy-intensive industries such as data centers, e-fuels, carbon capture and decarbonized chemicals. The problem: increasing energy prices Energy prices, a combination of delivery and generation costs, have been increasing globally, despite skyrocketing renewables. Thirty-three percent generation cost decreases (driven by cheaper renewables) have met 65% delivery…