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Hunting for the next big energy idea
How to turn bright energy ideas into commercial innovations, by Geert van de Wouw of Shell Ventures.
Harnessing human ingenuity
The world needs urgent investment in innovation, says Robert Armstrong, Director of the Massachusetts Institute of Technology Energy Initiative.
Shell Technology Ventures: Driving disruptive innovation, arriving at energy solutions
Duration: 03:51 minutes
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Shell Technology Ventures
Driving Disruptive Innovation. Arriving at Energy Solutions
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Emily Reichert voice over
What really is clean technology? If you ask certain people they would assume,
'Well, it's renewable energy, right? It's either wind or solar.'
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Emily Reichert
CEO, Greentown Labs
“But I would argue that technologies that are making the world more efficient, whether it's through energy, whether it's through water, whether it's reducing the amount of waste that we're putting in our environment. All of those are clean technology companies.”
Emily Reichert voice over
“They're making our world cleaner and a better place to live, work and play.”
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Scott Pearson voice over
“Batteries...it depends on your definition of dirty, but batteries like…
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Scott Pearson in vision
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Scott Pearson
Ceo, Aquion Energy
…lead acid batteries are dirty.
We started right from the beginning and tried to make a battery that was 100% sustainable…
Scott Pearson voice over
…when you make it, when you use it and when you dispose of it. So our batteries are no doubt cleaner, and better for the environment than anybody else's.
Companies like Shell that are enormous energy companies, are starting to think further out,
and starting to think about…
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…the impact of renewables to the impact of the environment.”
Scott Pearson voice over
“And I think that's just a really good thing that they’re starting to get behind…
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Scott Pearson in vision
…companies like Aquion. That will lead to deployments, that will lead to further business
and that will lead to…
Scott Pearson voice over
… better energy and a better energy ecosystem.”
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Emily Reichert in voice over
“Greentown Labs is the largest clean technology incubator in the country. We are a place where clean technologies come to grow from building prototypes into companies…
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Emily Reichert in vision
…that can go out and be on their own and get their products into the market where they can have an impact.”
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Shell Technology Ventures
Since 2013, STV’s portfolio has grown to more than 16 companies, with deployed technology that spans the globe.
Geert van de Wouw voice over
“We'd like to do investments in companies in the renewable energy space as the energy industry
is transitioning to…
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Geert van de Wow in vision
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Geert Van De Wouw
Managing Director, Shell Technology Ventures
…a more renewable future. And so by taking strategic positions in small companies along that value chain, we start to better understand…
Geert van de Wouw voice over
where value is created and where there could be a strategic fit to Shell, going forwards.”
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Rod MacGregor voice over
“My co-founder and I…
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Rod Macgregor
Ceo, Glasspoint Solar
…were inspired to make a difference to the climate, and so we started looking at who consumes…
Rod McGregor voice over
…the most energy. And we were somewhat surprised to find that one of the largest consumers
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Rod MacGregor voice over
…of energy is in fact the energy industry itself.
Within that, we identified enhanced oil recovery as being one of the applications which consumes vast amounts of heat.
There are…
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…many different applications that you can apply solar to…
Rod MacGregor voice over
…and STVie helped us think through the pros and cons of those various markets. And ultimately we chose to pivot from industrial process heat…
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Rod MacGregor in vision
…and focus exclusively on the oil and gas market.”
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Shell Technology Ventures
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S +T+V = STVie
invests hundreds of millions of dollars in great technology startups from oil & gas and clean tech sectors
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Geert van de Wouw in vision
“Personally, I like to engage with these startups because…
Geert van de Wouw voice over
…they radiate a lot of energy. You know, you cannot have but…
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Emily Reichert stands nodding
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Geert van de Wouw in vision
…a lot of respect for the entrepreneurs that we deal with.”
Scott Pearson voice over
“It's a very big stamp of approval to be selected as an investment by a major corporation like Shell.”
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Scott Pearson in vision
“It's something that helps us to feel good about ourselves but it also helps other investors and the general credibility of Aquion to have
Scott Pearson voice over
…strategics like that on board.”
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Rod MacGregor voice over
“So you're looking for someone who can come…
Rod MacGregor in vision
…and bring strategic value. And that's very much what we saw…
Rod MacGregor voice over
…from the investment from Shell Technology Ventures. “
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Geert van de Wouw voice over
“To those entrepreneurs out there, I want to say that we are providing…
Geert van de Wouw in vision
…access to a broader ecosystem of suppliers, customers…
Geert van de Wouw voice over
…and investors, both strategic and venture capital firms, and I think that's the attractiveness
of working together with Shell Technology Ventures.”
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Emily Reichert in vision
“I believe that the most important thing that we can do is help get new technology out into the world where it can make a difference.
There are going to be many, many, many, many different ways that these technologies are going to help.”
Scott Pearson voice over
“We're really excited about what we're doing. We at Aquion think we're going to change the world in the next five or ten years…
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Scott Pearson in vision
… and we're excited to do it with our strategic partners, including STVie.”
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Shell Pecten
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