Financiers grab reins as new energy startups struggle

Goyal: No matter how much procurement you’re doing (at the portfolio company level), you’re going to be pretty much irrelevant to the suppliers. — Bloomberg

HOUSTON: Private equity firms are increasing their direct oversight of energy transition companies in their portfolios, taking on added duties to address runaway costs from supply chain issues and preserve valuations, executives say at the CERAWeek energy conference.

Excitement around new energy technologies saw billions of dollars of investment poured in the last four years into those aiming to shape the energy transition with biofuels, hydrogen, solar, wind and carbon removal technologies.