This action-packed episode tackles game-changing renewable energy investments across the globe - from HSBC pouring $1 billion into climate tech startups to BlackRock colonizing Thailand's bubbly sustainability-linked bond market. Allen, Phil, and Joel dive into Vitol and AT Capital plowing $350 million into India's Juniper Green Energy and its plans to triple clean power capacity in just 2.5 years. With climate solutions needing major funds to cross the commercialization finish line, the episode underscores the renewable gold rush as major players prospect for green jackpots worldwide.



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Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of Intelstor, Phil Totaro, and the chief commercial officer of Weather Guard Lightning Tech, Joel Saxum, and this is your News Flash.



HSBC has pledged 1 billion to support climate technology startups. They have already allocated 100 million for investment in breakthrough energy catalysts focusing on climate technologies. The funding will aid companies working on various solutions, including electric vehicle charging, battery storage, sustainable food and agriculture, and carbon removal technologies.



Phil, a billion dollars going to climate technology startups is a nice little boost to those industries. 



Philip Totaro: It is, and it's coming at a time when there's kind of mixed feelings, I guess, from the venture capital community about particularly investing in anything related to hardware. But there's a lot of money that's been pouring into software.



So this move by HSBC is interesting because it sounds like they're going to spread it around a little bit and potentially get a lot of companies, you know, off the, off the ground with a wide array of solutions. That's looks like a pretty good thing. 



Joel Saxum: What I'd like to see from this HSBC corner here is what we've talked about before with some of these other VC companies.



Now, we know VC spending, like Phil said, is slowing down right now. There's not a whole lot of people with that are willing to empty or open their, their dry powder kegs. But I'd like to see more of these, this money be invested in solutions that are TRL 678, right? That are closer to actually commercialization and making a difference.



Because a billion dollars is, it's a huge fund, it's fantastic, but I would, I don't want to see, this is just me, right? I don't want to see a ton of this money get thrown at people with ideas. And while that is definitely needs to happen, right? We need to have monies for that as well. But man, to have some in where it's like, Hey, this is, this is two steps away from commercialization.



That would be fantastic because we can actually get some stuff up and up and moving. 



Philip Totaro: And Joel, that's a great point. I think what happens a lot in the VC community, because I've had this conversation about advising VC companies in the past and funds and things like that, where they come down on it is they would rather make



100 bets with the hope that they get one unicorn out of those hundred bets, than make ten bets that are all gonna be a winner, but they're only gonna each make, like, maybe a hundred million each, you know what I mean? They, they just don't think that way in terms of making a lower number of higher quality investments.



They are throwing a thousand darts at a dartboard and hoping they get a unicorn. 



Joel Saxum: Yeah, exactly. It's a, it's the capital game, right? That they're in it to make money,