Is There Really an EV Slowdown? Ep182: Colin McKerracher

How difficult is it to power a boat just with electricity? Is an electric outboard as reliable as a fossil-fuel one when taken out to sea? And just how much better is an electric engine for reducing pollution and noise? Around the world there are tens of millions of small boats, from high-performance luxury craft to workhorse fishing vessels, nearly all of which run on fossil-fuel powered engines. But with the rapid advancements in electric vehicles, a small group of companies are now turning their minds to cracking the boating problem, inventing electric engines that are quieter, less polluting, and can deliver just the same performance. In Europe, perhaps the best known is the German company Torqeedo. Founded in 2004, they've sold a quarter of a million electric motors to date, and this year, were acquired by Yamaha Motors. Norwegian company Evoy have recently joined forces with Vita, a UK-Monaco based company, and Candela, another Scandinavian boat builder, are revolutionising engines and boats with their hydrofoiling concept. This week on Cleaning Up, Baroness Bryony Worthington speaks with Ben Sorkin, CEO and co-founder of Flux Marine, headquartered in Newport, Rhode Island. Flux Marine are hoping to take on the US market with their customizable electric propulsion systems and have a 40,000 square foot factory in Rhode Island. Bryony asks Ben how his electric engines compete on cost and performance, what Flux Marine’s scale-up plans are, and why it’s so much harder to electrify a boat than a car. Leadership CircleCleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.live LinksFlux Marine: https://www.fluxmarine.com Is Shipping the Easiest "Hard-to-Abate" Sector? — https://www.youtube.com/watch?v=umPAonV20cM Arc Boats: https://arcboats.com Candela Hydrofoiling Boats: https://candela.com

Is the shift to electric vehicles really slowing down? Are people losing interest in EVs, or is there more to the story? How will changes in the global automotive industry impact the net-zero transition? And If no one wants EVs, why do we need tariffs? This week on Cleaning Up, host Michael Liebreich sits down with Colin McKerracher, Head of Clean Transport at BloombergNEF, to unpack the latest trends and dynamics in the electric vehicle market from cars to trucks to two wheelers. They dive deep into the regional differences, the strategies of European automakers, the impact of tariffs, as well as the latest forecasts and predictions in BloombergNEF's Electric Vehicle Outlook.Leadership Circle:Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit cleaningup.liveLinks:BloombergNEF's Electric Vehicle Outlook: https://about.bnef.com/electric-vehicle-outlook/The Debunker-in-Chief - Ep15: Auke HoekstraThe Solar Revolution - Past, Present and Future - Ep 173: Jenny ChaseSlowdown, what Slowdown? The EV Revolution is Just Getting Started - Ep178: Dr Andy PalmerCould Trump 2.0 Roll Back The IRA? Ep181: Ethan Zindler

China has taken a commanding lead in manufacturing solar panels, wind turbines, electric vehicles and batteries, and is central to the green energy transition. Now, the US is hoping to catch up, and has spent almost $500 billion from the Inflation Reduction Act to bolster the energy transition and domestic manufacturing. Is it enough to create-long lasting change? This week on Cleaning Up, host Bryony Worthington sits down with Ethan Zindler, the Climate Counselor to US Treasury Secretary Janet Yellen. Zindler provides a rare insider's perspective on the implementation of the Inflation Reduction Act, the Treasury's new Climate Hub, and the department's evolving role in tackling the economic and financial implications of the climate crisis. The discussion covers the IRA's potential impact, the challenges of communicating its complex tax incentives, and concerns around the legislation's political durability. Zindler also addresses the tensions between fossil fuel interests and clean energy priorities, as well as the Treasury's efforts to engage with international partners and ensure an equitable clean energy transition. As the US grapples with the growing costs of climate-fueled disasters, this episode offers insights into how a key economic policymaking body is adapting to the climate emergency and the new geopolitics of the green energy transition. Leadership CircleCleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.liveLinksOverview of the Treasury's climate activities: https://home.treasury.gov/policy-issues/climate-changeCleaning Up with Dr Ma Jun: https://www.youtube.com/watch?v=Fu6giWzTxAYCleaning Up with Dipender Saluja & Ion Yadigaroglu: https://www.youtube.com/watch?v=tUTPkszXs\_Y

Ocean's absorb one third of the CO2 we are recklessly pumping into the atmosphere, as well as 90% of the heat. What would happen if that were to stop?The oceans define every aspect of our planet's physical systems, its ecosystems, human history and human culture. They also define the planet's future. Oceans represent an almost unexplored frontier in the fight against climate change, whether as a host for offshore wind farms, an enhanced carbon sink, a source for critical minerals or a route for high-voltage DC cables. But could there be unintended consequences? This week on Cleaning Up, Michael Liebreich welcomes Dr Helen Czerski, whose expertise is 25,000 miles wide and seven miles deep, to discuss the crucial role the oceans play in regulating our climate and keeping the planet habitable. Helen is a physicist and oceanographer, and associate professor in the Department of Mechanical Engineering at University College London. She is the author of two books: 'A Storm in a Teacup' and 'The Blue Machine', about the physics of the oceans. Leadership Circle: Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.live Links and more: Helen's website: https://www.helenczerski.netHelen's book, Blue Machine: https://www.penguin.co.uk/books/441190/blue-machine-by-czerski-helen/9781804991961Episode 107 of Cleaning Up with David Cebon: https://www.youtube.com/watch?v=K61ZXd_F6Qo

Is the key to clean energy the heat beneath our feet? Could advances in the fossil-fuel extraction industry hold the key to providing 24/7 clean power? And can a Texan CEO and former oil exec bring geothermal to the masses? This week on Cleaning Up, Bryony Worthington sits down with Cindy Taff, a 35-year veteran of Shell, where she was Vice President of Unconventional Drilling, leading a team of 350 people with a budget of over $1 billion. Since leaving Shell, Cindy has made a bold pivot to the world of geothermal energy, and is now CEO of Sage Geosystems, where she is using her expertise in drilling, project management, and subsurface engineering to try to crack next generation geothermal energy. Cindy shares her journey, from rising through the ranks at Shell to leading a startup on the cutting edge of the energy transition. She delves into the technical challenges of tapping into "hot, dry rock" geothermal resources, drilling at 20,000 feet below the Earth's surface, the regulatory hurdles of using techniques like fracking or 'stim drilling', and the potential to to use geothermal wells as an energy storage solution. Cindy has a unique perspective on how the oil and gas industry's toolbox can be repurposed to drive the clean energy transition, and believes geothermal is poised to play a crucial role in powering a sustainable future. Will she be proved right?Leadership CircleCleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.live Links and moreSage Geosystems - https://www.sagegeosystems.comSage Geosystems and Meta sign 150MW geothermal power agreement - https://www.canarymedia.com/articles/geothermal/sage-geosystems-and-meta-sign-150mw-geothermal-power-agreementSage Geosystems raises $17M to build first-of-its-kind geothermal energy storage system in Texas: https://www.utilitydive.com/news/sage-geosystems-geothermal-storage-fervo-princeton/707879/Ep 168 Hot Rocks in a Box: The Rise of Thermal Batteries - https://www.youtube.com/watch?v=33QiMC4nG1k

What will it take for electric vehicles to truly dominate the transportation landscape? Can traditional automakers adapt quickly enough to the EV revolution, or will new players seize the opportunity? And how close are we to the holy grail of fully autonomous driving? This week on Cleaning Up, Michael Liebreich sits down with Dr. Andy Palmer, a pioneer in the electric vehicle industry. With over 45 years of experience in the automotive sector, Andy has witnessed the industry's transformation firsthand - from his early days as an apprentice to senior leadership roles at companies like Nissan and Aston Martin. Andy shares the fascinating story behind the development of the Nissan Leaf, the world's first mass-market EV. He delves into the challenges of bringing this groundbreaking vehicle to market and how it kickstarted his journey from "piston head" to "battery head." We also explore Andy's time at Aston Martin, where he tried to steer the iconic British brand towards an electric future. Andy provides keen insights into the rapid evolution of battery technology, the role of government policy, and the future of autonomous driving. Leadership Circle: We are delighted to announce the Cleaning Up Leadership Circle, and our founding members: Actis, EcoPragma Capital, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.liveLinks and more: Andy's website: https://www.drandypalmer.comMichael's writeup on AstonGate - https://www.linkedin.com/pulse/astongate-fake-emission-figures-embattled-carmaker-sock-liebreich/The need for plurality - Andy Palmer's response to Rowan Atkinson: https://www.drandypalmer.com/post/the-need-for-plurality-in-response-to-rowan-atkinsonEpisode 175 with Greg Jackson of Octopus Energy: https://www.youtube.com/watch?v=Gl-cRh35Hm4

As climate impacts mount, pressure is building on policymakers to find ways to alleviate the crisis. One controversial option being explored is geoengineering - direct human interventions to cool the planet. But can we safely and effectively implement these large-scale climate remedies? Bryony Worthington sits down with Kelly Wanser, Executive Director of the nonprofit SilverLining, which conducted early-stage experiments to improve the reflectivity of clouds in an experiment earlier this year. They discuss the different climate interventions being researched, the scientific and political challenges, and the critical need for robust evidence and governance to navigate these uncharted waters. From cloud brightening experiments to stratospheric aerosol injection, this conversation explores the potential upsides and major risks involved in intervening in the Earth's climate system. Leadership Circle: We are delighted to announce the Cleaning Up Leadership Circle, and our founding members: Actis, EcoPragma Capital, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.liveLinks and more: SilverLining Website: https://www.silverlining.ngoNYTimes article on SilverLining's experiment: https://www.nytimes.com/2024/04/02/climate/global-warming-clouds-solar-geoengineering.htmlEpisode 168 with Anand Gopal: https://www.youtube.com/watch?v=33QiMC4nG1k&source_ve_path=MjM4NTE

Germany is one of the most bullish countries in the world on clean/green hydrogen. The home of the Energiewende is not just one of the most committed countries in the world to reaching net zero, it is of course a highly industrialised nation with a very energy-intensive economy. As if that were not enough, it had one third of its energy supply yanked out from under it as a result of Russia’s illegal invasion of Ukraine. Green hydrogen has become one of the mainstays of efforts to keep the lights on as the country replaces nuclear and coal power with wind and solar, and also of efforts to replace cheap Russian gas in power generation and industry. But can green hydrogen possibly live up to expectations? This week on Cleaning Up, Michael Liebreich is joined by someone who works at the heart of Germany’s hydrogen policy-making machine: Eva Schmid is Director of Hydrogen and Synthetic Energy Carriers at DENA, the German Energy Agency, a think tank that works with the German government to deliver its energy strategy. As you’ll see she has a clear-eyed sense of what hydrogen can and can’t be expected to do, and a focus on using it to protect the resilience of the German economy. Leadership CircleWe are delighted to announce the Cleaning Up Leadership Circle, and our founding members: Actis, EcoPragma Capital, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.liveLinks & more: DENA, The German Energy Agency: https://www.dena.de/en/home/Germany's National Hydrogen Strategy, 2023: https://www.bmwk.de/Redaktion/EN/Publikationen/Energie/national-hydrogen-strategy-update.pdf?__blob=publicationFile&v=2Hydrogen Import Strategy: https://www.bmwk.de/Redaktion/EN/Hydrogen/Downloads/importstrategy-hydrogen.pdf?__blob=publicationFile&v=1The EU Hydrogen Strategy: https://energy.ec.europa.eu/topics/energy-systems-integration/hydrogen/key-actions-eu-hydrogen-strategy_enEuropean Court of Auditors hydrogen report: https://www.eca.europa.eu/ECAPublications/SR-2024-11/SR-2024-11_EN.pdfEU Commissions response to Auditors report: https://www.eca.europa.eu/Lists/ECAReplies/COM-Replies-SR-2024-11/COM-Replies-SR-2024-11_EN.pdf

How does a startup become the largest provider of electricity in the UK in less than a decade? What is locational pricing and how could it encourage more renewables? And is it possible to achieve a zero-carbon electricity system by 2030? Welcome to the first episode of Season 13 of Cleaning Up, in which Michael Liebreich sits down with Greg Jackson, the founder and CEO of Octopus Energy, to uncover the incredible story behind the company's rapid growth and its transformation into a global energy powerhouse. Greg and Michael explore how Octopus Energy has gone from a small startup to the largest energy supplier in the UK, directly serving over 7 million households, and with a presence in 8 of the top 10 competitive energy markets worldwide. Greg reveals the key drivers behind Octopus Energy's success, including the innovative Kraken platform that powers their operations, the strategic acquisitions that fuelled their expansion, and the company's unwavering focus on customer-centric solutions during the recent energy crisis. The story doesn't end there. Greg shares his ambitious vision for the future, whether or not its possible to reach 1 billion Kraken licenses by 2030 and the company's groundbreaking work in areas like locational pricing, electric vehicle integration, and the electrification of home heating. Leadership CircleWe are delighted to announce the Cleaning Up Leadership Circle, and our founding members: Actis, EcoPragma Capital, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.liveLinks & MoreEpisode 32: Building the Billion-Customer Energy Company — https://www.youtube.com/watch?v=x9kHNMyH7bwEpisode 154: Green Heat (and Cooling) Under our Feet — https://www.youtube.com/watch?v=-TpHa-uU6lcMichael at the Imperial College Energy Futures Lab, and the subsequent panel discussion with Greg Jackson — https://www.youtube.com/watch?v=w0Q9cuF8zKgOctopus Energy customers provide 108MW of grid flexibility in first ‘Saving Session’ — https://octopus.energy/press/believe-it-or-watt-octopus-energy-customers-provide-108mw-of-grid-flexibility-in-first-saving-session-equivalent-of-a-gas-power-station/

In the final episode of Season 12, hosts Michael Liebreich and Bryony Worthington reflect on the key conversations and developments in the net-zero transition over the past three months, including: China's leadership in green finance and the role of air quality issues in driving climate actionThe rapid growth of the solar industry and its potential to meet global electricity demandThe progress and challenges around electric vehicles, battery recycling, and the need for a holistic approach to energy storageThe potential of thermal batteries for storing excess renewable energyThe debates around engineering solutions like direct air capture and synthetic proteinsThe politics of climate change, the UK election results, the EU's hydrogen plans, and what might happen in the USThe intersection of fashion, sustainability, and climate change We'll be back for Season 13 of Cleaning Up at the beginning of September. Thanks so much for listening, and see you then! In the meantime, please share this podcast with a friend, colleague, family, or whoever you think might enjoy it. Links and more: Listen to and watch every episode of season 12: https://www.youtube.com/playlist?list=PLe8ZTD7dMaaAHKRt7GpWNkrhhrXv2-KoR Jim Mellon of Agronomics: https://www.youtube.com/watch?v=jqFPic5iqds Jonathan Maxwell of Sustainable Development Capital: https://www.youtube.com/watch?v=1OTbyOxYUpgLauri Myllyvirta, co-founder and lead analyst at CREA: https://www.youtube.com/watch?v=FqjvCeR9VLg