Location
1 King William Street
London
EC4N 7AF
United Kingdom
Thank you for your interest. Legal restrictions prevent us from allowing you further access to this website.
If you believe you are a resident of, and located in, a jurisdiction where viewing is permitted by law, and you can confirm that to us, please contact cosec@hanwayadvisory.com
IMPORTANT NOTICE: VIEWING THE MATERIALS YOU SEEK TO ACCESS MAY NOT BE LAWFUL IN CERTAIN JURISDICTIONS. IN OTHER JURISDICTIONS, ONLY CERTAIN CATEGORIES OF PERSON MAY BE ALLOWED TO VIEW SUCH MATERIALS. ANY PERSON WHO WISHES TO VIEW THESE MATERIALS MUST FIRST SATISFY THEMSELVES THAT THEY ARE NOT SUBJECT TO ANY LOCAL REQUIREMENTS THAT PROHIBIT OR RESTRICT THEM FROM DOING SO.
THE MATERIALS CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO U.S. PERSONS OR IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
The information and materials contained herein (the "Website Materials") are exclusively intended for persons who are not residents of the United States and who are not physically present in the United States. The information contained herein and on the pages that follow does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or in any jurisdiction or jurisdictions in which such offers or sales are unlawful. The shares of Triple Point Energy Transition plc (the "Company") have not been nor will they be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold, resold, pledged, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, within the United States or to or for the account or benefit of U.S. Persons (as defined in Regulation S of the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. There will be no public offer of the securities in the United States, Australia, Canada, Japan or the Republic of South Africa or any jurisdiction in which such an offer would constitute violation of the relevant laws or regulations of such jurisdiction. The Company will not be registered under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), and investors will not be entitled to the benefits of the Investment Company Act.
Subject to certain exceptions, the securities referred to herein and on the pages that follow may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in Australia, Canada, Japan, the Republic of South Africa or any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction or to any resident or citizen of Australia, Canada, Japan or the Republic of South Africa. No offer and sale of the securities referred to herein and on the pages that follow has been or will be registered under the applicable securities laws of Australia, Canada, Japan or the Republic of South Africa.
In addition, the securities referred to herein and on the pages that follow may only be offered in member states of the European Economic Area and the United Kingdom (each a "Relevant State") to the extent that such securities (i) are permitted to be marketed into the Relevant State pursuant to the Alternative Investment Fund Managers Directive (Directive 2011/ (61/EU) ("AIFMD"); or (ii) can otherwise be lawfully offered or sold (including on the basis of an unsolicited request from a 'professional investor' (as that term is used in the AIFMD)).
Any person accessing the Website Materials in any other jurisdiction should inform themselves about and observe any applicable legal requirements in their jurisdiction.
Any person accessing the Website Materials should carefully review the Terms and Conditions of this website. By using the Website Materials, you indicate that you accept the Terms and Conditions and that you agree to abide by them. The Company may change the Terms and Conditions at any time. Such changes will be posted on this website. Your access to this website is governed by the version of the Terms and Conditions then in force. If you do not agree to the Terms and Conditions, please refrain from using this website.
Akur Limited, RBC Europe Limited and Winterflood Securities Limited (together, the "Advisers") which are authorised and regulated in the United Kingdom by the Financial Conduct Authority, are each acting exclusively for the Company and no-one else in connection with the matters referred to on this website and will not be responsible to anyone other than the Company for providing the protection afforded to their clients or for providing advice in relation to any matters referred to on this website. Apart from the responsibilities and liabilities, if any, which may be imposed on the Advisers by the Financial Services and Markets Act 2000, as amended, or the regulatory regime established thereunder, the Advisers do not accept any responsibility whatsoever for the contents of this website or for any statement made or purported to be made by them, or on their behalf, in connection with the Company. The Advisers accordingly disclaim all and any liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of such material or any such statement.
By clicking 'I understand and agree' below, you represent, warrant and agree that:
YOU ARE NOT INVESTING OR OTHERWISE ACTING FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON OR A RESIDENT OF AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA; AND
YOU ARE NOT A U.S. PERSON OR OTHERWISE A RESIDENT OF AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA; AND
YOU ARE NOT IN THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE ACCESSING THIS WEBSITE MAY BE PROHIBITED BY LAW OR REGULATION; AND
YOU WILL NOT TRANSMIT OR OTHERWISE SEND ANY INFORMATION CONTAINED IN THIS WEBSITE TO ANY PERSONS IN THE UNITED STATES OR WHO ARE U.S. PERSONS OR TO ANY PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES; AND
YOU HAVE READ, UNDERSTOOD AND AGREE TO THE ABOVE.
If you cannot so represent, warrant and agree, you must click the button labelled 'I decline' or otherwise exit this website.
I understand and agree
I Decline
"As we await the outcome of COP26 to achieve tangible solutions for the transition to net zero, one of the most significant levers needs grasping with both hands: energy efficiency. The world is looking for clear commitments from governments, institutions, and industry leaders to accelerate the change to a climate-friendly approach to how we live. Energy efficiency – the use of more efficient technologies or processes to reduce the amount of energy used – should be the cornerstone priority for all governments and it is the largest, cheapest, safest, and fastest-to-deploy energy option."
Miles Alexander is an Investment Director for Triple Point’s Energy Team. In this article, Miles explores the growing need and opportunity of investing in energy efficiency infrastructure assets.
More than half the energy we produce is wasted through transmission, distribution or inefficiency at the point of use. Of the 29m existing homes across the UK, at least 19m still need to be made climate resilient. That means turning them low-carbon and low-energy.
Domestic properties account for 30% of the UK’s energy use and around 19% of greenhouse gas emissions, according to the Department for Business, Energy and Industrial Strategy. COP26 is a great springboard for raising the importance of energy efficiency to combat climate change.
There are several drivers that promote investment into energy efficiency. These include policy, energy costs, organisations looking to improve resilience, carbon reduction targets and commitments, increasing electrification, falling costs of distributed energy and energy efficiency technology, increased acceptance of ‘as a service’ models, the need to upgrade infrastructure and increasing recognition of the value of non-energy benefits.
These problems present huge and growing opportunities to invest in energy-efficient projects. Energy-efficient projects offer predictable, long-term cash flows from strong counterparties and using tried and tested technologies.
In the 2020 UK summer budget, £3bn was made available for energy efficiency in buildings – £2bn through a system of grants to cover up to two thirds of the cost of energy efficiency measures up to £5,000 and £1bn to improve efficiency and introduce low carbon heating into schools, hospitals, prisons, military establishments and other public buildings. There was also £50m for pilot projects in social housing. The autumn budget recently announced further measures to support energy efficiency and low-carbon energy, supported by the National Infrastructure Strategy, which sets out nearly £650bn of public and private investment.
The UK EPC (energy performance certificate) market is estimated at £700m-750m per annum and the virtual power plant market is estimated at £120m in 2019 and is forecast to grow to £370m in 2024.
Renewables are essential in the net-zero battle. However, we need a bigger toolkit than just renewables if we are to act fast.
Energy efficiency, along with wind and solar power, will provide half the emissions savings in the next decade in the International Energy Agency’s (IEA) roadmap for reaching net zero by 2050. “Without those efficiency gains, electricity demand growth would make it much harder for renewables to displace fossil fuels in electricity generation,” the IEA says.
It is important to have a stable long-term policy framework for energy efficiency, where grants are not switched on and off, sending mixed messages and delaying action to implement energy efficiency projects until the next announcement. Energy efficiency projects are not only good for sustainability, they are also good for profitability. Where Government could help is in assisting at the very early stage of a project’s development or supporting technologies when they are at the very early stage of implementation.
The energy efficiency market is experiencing greater and greater focus given its potential to deliver tangible near-term solutions to the climate challenge. It can be implemented across the country, in different sectors including those hard-to-abate areas such as buildings and industry. It also makes sense from an economic perspective.
The Sustainable Development Goals state that by 2030 we should achieve the sustainable management and efficient use of natural resources. The goals also state that by 2030, infrastructure should be upgraded and industries should be retrofitted to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.
These goals present myriad investment opportunities, including batteries to prevent wasted energy as well as infrastructure projects. Energy efficiency offers an exciting way for investors to access the green recovery currently playing out across the economy.
In the quest for a low-carbon future, a focus on the mix of energy resources at our disposal will be key – but we must also ensure that we use these efficiently to achieve our climate goals. This will mean changing how we live and consuming fewer resources by using energy more efficiently.
With a clear commitment and plan, we need to engage with all levels of society to embrace the change, whether this is in cabinets, board rooms, assemblies or social environments.
Using less means changing how we buy products, changing what we choose to use as transport and transforming our attitude towards waste.
We have seen how quickly things changed in the last two years as we pulled together to fight Covid-19. Sharing how each of us can implement improvements for a more intelligent and sustainable use of scarce resources will help drive change. Governments need to incentivise this transition – quickly – and we all have to play our part and do our share. Yes, this could mean higher taxes in the short-term but in the long-term it will enable cost savings through more efficient use of resources.
Simply – we owe a debt to the planet, nature and future generations to change how we use the limited resources we have available. Energy efficiency is a key tool to make better use of our resources in the near-term and for the long-term. The opportunity has to be grabbed now.
Triple Point Energy Efficiency Infrastructure Company plc (TEEC) was launched in October 2020 with a green economy mark on the London Stock Exchange. TEEC is managed by Triple Point Investment Management LLP which is committed to improving the environment through saving energy through more efficient usage.
Triple Point is implementing these improvements for society through our five investment strategies of energy efficiency, digital infrastructure, social housing, venture financing as well as lending and leasing to the private and public sectors.
Miles Alexander is an Investment Director for Triple Point’s Energy Team.