Clean energy investments may close 2022 hitting new heights, setting stage for lofty 2023 • TechCrunch
In case anyone Ask, 2022 is all about energy — natural gas, oil, renewables, all of it. Natural gas prices rose early as Vladimir Putin’s ill-considered decision to invade Ukraine cut gas shipments to Europe. That, coupled with high oil prices, has contributed significantly to near-record inflation forcing central banks to raise interest rates.
That inflation helped boost passed the Inflation Reduction Actincludes a number of provisions to boost renewable energy, be ready for the grid when it arrives, and promote the development of other alternative energy sources.
Taken together, those developments — along with what investors have told me is a desire for a safe return — have caused dollars to rush into clean energy. Venture capital activity in the sector through the third quarter is on track to hit a record high of 2021, according to a new report from PitchBook.
