In this quarterly update, we share the challenges in finding attractively valued clean energy companies and highlight investment opportunities in Array Technologies and Flextronics. We look at the growing attention around Net Zero commitments as a useful framework and starting point, while emphasizing the need for concrete plans in approaching these goals for a meaningful transition to a low-carbon economy.
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Infrastructure, Grid Modernization and Climate Resiliency
Redwood Grove’s latest letter highlights investments in companies aligned with long-term climate and infrastructure trends and details the impact of recent hurricanes on adaptive rebuilding. Looking at opportunities in grid modernization, we spotlight an investment in NV5, an engineering consulting company that helps design and implement infrastructure and building projects.
The Age of AI and Electricity Demand in an Underinvested Grid
Redwood Grove’s latest quarterly letter explores the perfect storm caused by exponential energy demands in the era of AI running up against an aging and underinvested grid system.
2024 Climate Impact Report
As Redwood Grove has grown, we’ve heard increased interest from our client and allocator community on how asset managers can be steering their portfolio towards a net zero transition. Our 2024 Impact report shares our thinking on this, as well as the differentiating framework Redwood Grove has always had in evaluating the financial impact of climate change on our portfolio companies in parallel with deep fundamental analysis. Compared to the prior reporting period, our portfolio’s net zero alignment and carbon efficiency measures improved, with 72% of our portfolio classified as Aligning or Aligned with net zero goals and an additional 13% of portfolio comprised of clean tech companies. Read more about the climate stories for each of our portfolio companies and our net zero reporting.
