Blog Archives

The future of cleantech starts again; this time let’s focus on the tech part

As we look back, it’s hard not to view 2011 as rough year for the renewable energy industry, one that was defined by a number of public failures.

By far, the 2011 granddaddy of them all was the collapse of rooftop solar panel maker Solyndra. Now that the dust has settled an economic and political debate has ensued. The outcome of this debate is likely to re-define how the government subsidizes renewable energy projects in the future.

Beyond Solyndra, major questions remain around the economic viability of creating new forms of fuel from alternative sources, like biofuels, after high-profile companies like Range Fuels Inc. folded after failing to produce a viable product.

Stack on top of this some curious pre-IPO announcements recently from biofuel producers  like Coskata and PetroAlage, neither of which have been, nor look to be, profitable in the near future, and it becomes clear that the renewable energy and cleantech industries have some serious work to do in 2012 to regain public and investor faith.

These failures force us to ask an important question: what will it take for cleantech companies to renew public faith in 2012? It’s a big question, but fundamentally I think that companies will succeed if they do these three things well:

  • Demonstrate that cleantech is the underlying foundation of a new energy economy that goes well beyond renewable energy
  • Dazzle us with exceptional ideas and technology that reminds everyone why innovation in this space is so important
  • Have a vision for the future and be ready to broadcast it

Cleantech as an industry is more than energy creation and it will be critical for companies to make this distinction. Remember, clean energy creation is the end game and in order to get there fundamental industry building blocks need to be established. Take for example energy storage technology. Without serious innovation in this space it won’t matter how much clean energy can be created if it can’t be stored for later use.

Companies like Qualcomm (client) who recently debuted  wireless electric vehicle charging technology, or Bloom Energy a fuel cell company trying to change the way people use and pay for energy, have the ability to both capture our imagination while simultaneously alternating an industry.

These are just two examples, but a host of breakthrough ideas and emerging products in cleantech exist. These innovations address vitally important areas like energy efficiency, energy storage, green IT and the CleanWeb, and we can’t wait to be dazzled by them in 2012.

If you’ve been following the cleantech world closely in the past months you probably noticed that a clear, strong voice touting the future of the industry is absent. Don’t get me wrong, there are a handful of visionary cleantech VC’s that have assumed the role of industry spokesperson.  Their leadership is great, but what’s needed in 2012 is for a new set of cleantech entrepreneurs to emerge, broadcast their vision of the future, and assume the position of industry thought leader. This will go a long way in restoring public faith in the people driving the cleantech industry forward.

Entrepreneurs, if you have a great vision, the confidence to execute it, and are looking for a partner capable of helping you achieve your leadership and communication goals we’d love to hear what you have to say.