We held our second annual strategy meeting at Singapore Island Country Club in Feb 2017 to discuss the investment strategy and portfolio management going forward for 2017.
Our full-time analyst, Nikodemus Jaya, has left the firm. We wish him all the best in his future endeavors. He is replaced by our full-time analyst, Poh Kian Yong, and part-time analyst Katherine Chu. Kian Yong graduated from National University of Singapore with Honours in Bachelor of Business Administration in Dec 2016. Katherine will complete her Bachelor of Accountancy and Bachelor of Business in May 2018 at Nanyang Technological University.
The report outlines the need for more capital for businesses and recommends making things easier for venture capital firms to operate in Singapore. Simplifying the regulatory framework for VCs is suggested.
Global investments in agriculture technology startups fell 30 percent in 2016 as investor interest in companies offering drones and satellite-guided farm machines cooled following the biggest capital inflow ever a year earlier.
So far in 2017 through 02/14 there have been only 10 deals total to renewable energy startups, putting the quarter on pace for a decline compared to Q4’16. Solar deals bounced back in Q4’16, reaching an eight-quarter high, with investors pouring $317M across 24 deals.
Power capacity of global installed energy storage for the grid and ancillary services is expected to total 93.8 GW from 2016 to 2025, according to Navigant Research. Utilities and grid operators are showing increased interest in energy storage for the grid and ancillary services (ESGAS) due in part to the rapidly falling systems costs, particularly for battery ESSs.
The Tanah Merah Ferry Terminal will become Singapore's first partially solar-powered ferry terminal in June 2017, allowing it to offset at least 327 tonnes of carbon dioxide annually.
Deals to solar startups bounced back in Q4’16 to reach an eight-quarter high. There were 28 deals globally to solar companies, including energy storage startups, in Q4’16, compared to 13 in Q4’15. Nearly 100 deals went to startups working on solar cells and PVs, making it the largest sub-category for deals on the list.
Carmakers face short-term pain and long term gain.
Actual annual demand for storage will rise from less than $300 million currently to $2 billion to $4 billion by 2020.
Wind and solar energy are disrupting a century-old model of providing electricity. What will replace it?
It’s easy to see the pros of energy efficiency. A well-insulated building with high efficiency heating and cooling, state-of-the-art appliances, efficient lighting and “smart” controls can slash energy usage.