Capital Allocators – Inside the Institutional Investment Industry Matt Miller – Crossing the Energy Divide at Grey Rock (EP.412)
Oct 14, 2024
Matt Miller, Managing Director of Grey Rock Investment Partners and co-founder, discusses his journey in the energy sector and the transition of Grey Rock from traditional oil and gas to a focus on renewables. He shares insights on identifying niche opportunities within the energy landscape, especially related to carbon capture technologies. The conversation also touches on the balance between financial returns and environmental goals, the complexities of fundraising in renewables, and valuable life lessons on perseverance and mentorship.
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Humble Beginnings, Big Dreams
- Matt Miller's upbringing instilled both thankfulness and a drive to succeed.
- He leveraged his McKinsey skills and energy expertise to found GreyRock.
Energy's Butterfly Effect
- The energy ecosystem has complex interdependencies, like the North Sea wind power example.
- Investing in energy requires deep understanding to avoid unintended consequences.
Shale's Hidden Niche
- GreyRock's initial thesis focused on non-operated working interests in shale.
- This niche was large, misunderstood, and presented a durable investment opportunity.