My presentation from the GIE Conference at the Presidio Institute June 22-23 2015 http://www.impacteconomysummit.com/

1. Growing the
Impact Economy :
Applied Clean Energy
June 22-23, 2015
Timothy B. Jones
Presidential Innovation Fellow
@DOE

2. Overview
❖ Reducing the impacts of Climate Change will require
not only changes in consumption but use of new
sources of energy
❖ After a bubble in 2004-2012, we’ve seen an 80%
reduction in venture capital investment in clean energy
❖ As a result, new innovations are seeking impact
investment capital in order to come to market

3. Clean Energy Investment Initiative
❖ The Obama administration has recognized this funding
problem and Vice President Biden announced the Clean
Energy Investment Initiative (CEII) at the White House
on June 16
❖ Impact Investors pledged over $4B of capital to clean
energy

4. CEII Details
❖ CEII is comprised of two parts:
❖ Impact Investor commitments of $4B+ to invest capital in
clean energy solutions
❖ Establishment of a Clean Energy Impact Investment
Center (CEIIC) at the Department of Energy to
❖ Provide technical and financial resources to impact
investors and their intermediaries
❖ Provide access to US Government labs/experts where
required for diligence/prototyping uses

5. Applied Clean Energy- Open Q’s
❖ Which are the clean energy investment areas/vehicles
of greatest interest to for-benefit, impact investors?
❖ What additional diligence or practices need to be
applied to clean energy investments to achieve both
financial and climate goal impacts?
❖ How to balance early stage transformative “science”
investments with later stage, “deployment”
investments?

6. Applied Clean Energy - Solutions
❖ Intermediaries and alliances of impact investors are critical
to achieving investment and diligence scale
❖ “WE”>”ME”
❖ Identify emerging managers with an ESG ethos
❖ 4th sector players beyond Business, Govt., Philanthropy
❖ Adjust time horizons
❖ True “Evergreen” investing