Will there be 1000 climate tech unicorns in future?
And so were guys like me in this profession – while I could see that climate tech was no longer the unwanted child in the startup family, I was not sure if climate tech startups could grow that big.
So I did a bit of analysis for the question – could there be 1000 climate tech unicorns in future?
Here’s my analysis and inference – https://lnkd.in/d48QrRFs .
Summary: Yes, it is quite possible to have such a huge number owing to a confluence of a number of powerful drivers:
=> Growing renewable energy markets
=> Falling costs of both renewable energy & storage
=> Enabling policies across the world
=> Business leaders REALLY becoming serious about decarbonization
=> Digital solutions beginning to provide quick and effective results
=> Low carbon becoming mainstream across many large end user markets (beyond energy and into food, clothing, buildings…), and
=> Increasing frequency of natural disasters across the world (and tellingly, in financial capitals such as London and New York).
This is part of a series called Ask Narsi ( https://lnkd.in/d6A65v-7 ), where I try to answer some questions asked to me my folks.
Your opinions and comments are welcome.
See my LinkedIn post on this topic