The Keep Cool Podcast E62: Infrastructure investing for the energy transition with John Skrinar, Partner at Cresta
Mar 25, 2024
John Skrinar, a Partner at Cresta Fund Management, shares his insights on the vital role of infrastructure investment in the U.S. energy transition. He discusses groundbreaking technologies like carbon capture and thermal energy storage, emphasizing their importance for renewable energy. The conversation highlights the impact of the Inflation Reduction Act on sustainable investing and the need for stable policies. John also sheds light on the growing trend of large private equity firms entering the clean energy market, marking a shift in the investment landscape.
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IRA Drives Multi-Year Market Dynamics
- The IRA is the single biggest driver reshaping energy-transition infrastructure investment.
- Ongoing Treasury guidance and clarifications will determine the next 5–10 years of project economics.
Carbon Capture Reaches A Tipping Point
- 2024 is likely the pivot year when carbon capture goes mainstream due to permitting progress and stronger incentives.
- State primacy for Class VI permits and enhanced 45Q values unlock scaling opportunities.
Use Shared Services For Early Projects
- Provide shared services to early infrastructure teams to reduce overhead and enable project focus.
- Use centralized CFO/GC/commercial support to make single-project teams economically viable.