Fixing the Plumbing: Asset Management, Clean Energy Technology, and the Valley of Death

Richard L. Kauffman () and Marc Roston ()
Additional contact information
Richard L. Kauffman: New York State Energy Research and Development Authority
Marc Roston: Stanford Law School

Chapter Chapter 5 in Settling Climate Accounts, 2021, pp 71-90 from Springer

Abstract: Abstract This chapter diagnoses the hurdles faced by companies seeking financing to develop and deploy clean energy technology. We trace the historical development of the specialized strategies and firms that displaced banks as financial intermediaries. We then examine the path of a hypothetical innovative clean technology company moving through the financial lifecycle from venture capital to project finance and growth equity to illustrate the various hurdles. Finally, we review several approaches to financial innovation and public action that may speed the path to greater innovation. We conclude, however, that financial innovation typically follows industrial innovation as financial systems adapt existing tools and methods to new technologies and processes.

Keywords: Valley of death; Venture capital (VC); Project finance; Principal–agent problem; Tax equity; Securitization; Special Purpose Acquisition Company (SPAC) (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-83650-4_5

Ordering information: This item can be ordered from
http://www.springer.com/9783030836504

DOI: 10.1007/978-3-030-83650-4_5

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().