Our Why:
The Redstone Company was founded on the belief that the future of energy markets lie in the nexus between the traditional electricity value stack (the vertical power system, with centralized generation flowing one-way through distribution utility systems) and emerging technologies, such as distributed generation, energy storage, artificial intelligence and blockchain. The traditionally siloed energy sector is being disrupted, and new technologies will allow us to both control emissions and add value to end customers. These technologies are reaching cost parity to legacy systems, and this will ultimately lead to mass adoption.
The opportunities in the energy transition are truly value-additive; Moody’s notes that if climate change is not addressed, economic damage could equate to > 3% of GDP every year by 2030, growing to up $69T by 2100. Investments in this space provide asset owners the opportunity to create value for stakeholders while staking their claim in the development of future industries, and the wave has already begun; Bloomberg notes that global energy transition investment reached over $500B in 2020.
Renewables and new energy technologies can provide better service then traditional utilities services, by improving the reliability of energy delivery and ensuring grid-level intermittency does not impact customer uptime. It also allows end-users to control and accurately forecast power prices; as seen in Texas in 2021 or globally in 2022 the value of having secure electricity is clear.
Our Principal, Christopher Gerhardt, has over a decade of experience in the renewable energy and cleantech industry, at blue-chip firms such as Algonquin Power & Utilities and Ernst & Young. Through this experience, he has experience with the development, acquisition, and implementation of renewable energy technologies and solutions.
Please reach out if you want to understand how to renewables integration can provide value to your business, and if you are looking to action upon this technology.