Investment
Investment Philosophy
Atlas Renewable is committed to helping American companies and technologies receive an opportunity to make their case to appropriate and vetted Chinese companies. Such companies will have a track record of conformity to international laws and standards for IP protection and willingness to work collaboratively with such American firms to achieve the global benefits combating the causes and effects of Climate Change.
Zero Carbon Investing
China has one overarching State mandated environmental policy: Carbon Peak in 2030 and Carbon Neutrality in 2060 commonly referred to as “30-60.” This policy drives modern China and results from commitments made by the Chinese leadership: 30-60 is an industrial, environmental, energy, social and political policy rolled into one.
China will reduce waste, promote renewables and next generation fuels like hydrogen and reform its electricity grid while increasing wind and solar capacity to 1200 gigawatts by 2030 – all to cut off increased carbon emissions growth. The much harder part, is Carbon Neutrality 2060: a state of net-zero carbon dioxide emissions. This phase calls for the reduction of carbon emissions on a societal basis by 2060, essentially phasing out a carbon-based economic model for a non-carbon-based economy. Deployment of economical and sustainable grid-scale energy storage technology is a critical component to accelerating the growth of renewable energy in China and advancing China’s decarbonization goals.
Sustainable Investment
Demand for clean energy is growing globally and exponentially, with renewables expected to become 90% of total energy generation by 2050. To support this transition, grid-scale energy storage capacity would need to increase tenfold in the next ten years, with over $270 billion of investment expected over that timeframe. Current storage solutions are insufficient; pumped hydroelectric energy storage (pumped hydro) – which is currently 90% of the market – and chemical batteries, both face significant issues with scalability, economics and environmental risks.
Energy Vault, which is working now with Atlas Renewable LLC, has designed a cost-efficient, reliable and environmentally sustainable system that outperforms alternatives and is best-placed to fulfill this unmet market demand. All of this through the natural force of gravity, moving heavy blocks of repurposed industrial and environmental waste: in a true example of the circular economy. The Energy Vault technology can be modularized and when teamed with local renewable energy sources can provide independent distributed electrical energy reliability and resiliencey to those in the developing world, which China’s very remote areas and nearly 1 billion citizens qualify.
International Development
China and the United States are global leaders in addressing climate change and the largest markets for R&D, application, investment and financing of renewable energy technologies. Atlas Renewable’s international development focuses on the two markets of China and the United States, paying particular attention to and promoting the flow, sharing, cooperation and application of innovative renewable energy technologies between the two countries. Atlas Renewable pays attention to intellectual property protection in technical cooperation, and obtains the best return on investment through fair and reciprocal cooperation that conforms to international rules and the national conditions of the two countries.
The core team members of Atlas Renewable have worked closely with Chinese professional institutions for decades, and have established a relationship of mutual respect and high trust. In 2018, two core team members of Atlas Renewable were honored as the council members of the Energy Investment Professional Committee (EIPC) of the Investment Association of China, which is affiliated to the National Development and Reform Commission. The EIPC currently consists of 1,350 members in the economic and financial fields. In addition, we have established partnerships with institutions such as China Renewable Energy Society and China Overseas Development Association (CODA), as well as several important regional city government agencies and industrial parks. We help many Chinese partners understand their U.S. counterparts, especially how they evaluate and make decisions.
Key Investment 2022
Already in 2022, Atlas Renewable has participated in and facilitated the capital investment into Pre=IPP PIPE of Energy Vault and to enable Energy Vault jointly working with Chinese partners, namely China Tianying (CNTY) and SkyTower Energy to construct its first 100 MWh storage facility in Rudong City, Jiangsu Province near Shanghai. China Tianying is a Fortune 500 Company in China in the waste to energy and renewable recycling business.
