Philosophy
Philosophy
The Power of Energy Transition:
Unveiling Opportunities for a Sustainable Future
Welcome to INP’s exploration of the pivotal shift towards sustainable energy solutions and the immense opportunities that lie within the realm of energy transition. In this era of environmental consciousness and technological innovation, we delve into the transformative potential of various sectors, including batteries, energy storage, hydrogen fuel, alternative fuel commercial vehicles, and modern logistics.
The Energy Transition Landscape
Batteries and Energy Storage
The global battery market size was estimated at USD 107 billion in 2022 and is expected to hit around USD 475 billion by 2032, poised to grow at a CAGR of 16% from 2023 to 2032[1]. The increasing demand for electric vehicles, coupled with advancements in renewable energy sources, positions batteries and energy storage as key players in the quest for a greener future.
Hydrogen Fuel: A Clean Energy Frontier
Hydrogen fuel technology has great promise as a clean and efficient energy carrier, yet currently novel applications in heavy industry and long-distance transport account for less than 0.1% of hydrogen demand. As the global goal in the Net Zero Emissions by 2050 (NZE) Scenario is for it to account for one-third of global hydrogen demand by 2030, there’re tremendous growth opportunities and vast potential for innovation.
Alternative Fuel Commercial Vehicles
The transition to alternative fuels in the commercial vehicle sector is not just a trend; it's a necessity. Heavy trucks and mining vehicles are responsible for a significant portion of carbon emissions. In 2022, the global commercial vehicle market is estimated to be worth around USD 1.4 Trillion, with roughly 24 million vehicles sold worldwide[2]. A large percentage of it will be replaced with cleaner and more sustainable solutions, and change is happening rapidly, with Asia-Pacific region in the lead.
Modern Logistics: Driverless Vehicles, Drones, and Smart Infrastructure
The logistics industry is undergoing a paradigm shift with the advent of driverless vehicles and drones. The implementation of autonomous technology is expected to reduce logistics costs and improve efficiency significantly. The future of logistics is not just about delivering goods; it's about providing smart and sustainable solutions.
Charging and Battery Swap Stations
As the demand for electric vehicles (EV) rises, the need for efficient charging and battery swap stations becomes paramount. Globally, government regulations and tax exemptions further promote the adoption of EVs, thus driving the demand for charging infrastructure solutions. The global EV charging infrastructure market size was valued at USD 25.83 billion in 2023​[3] and is projected to grow at a compound annual growth rate (CAGR) of 25.4% from 2024 to 2030 , presenting a lucrative landscape for businesses investing in the future of sustainable transportation.
Since early 2019, global energy transition, especially the commercial alternative fuel vehicle space, has been identified by INP Capital as one of the greatest areas for impending growth and a key focus for investments. Leveraging its extensive experience and success in identifying and nurturing innovative ventures globally, INP Capital has made significant foray into the Commercial AFV value chain by investing and supporting companies that are becoming leaders of their field.
Canada
INP Ingenuity Unicorn Fund:
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Our early-stage (seed to series A) fund offered in Canada focusing on sectors at the verge of explosive growth and leveraging INP’s extensive global network and deal source, with the aim to discover potential “Unicorns” early and create exponential value over the long run. Commercial AFV, is one of the key areas we invest in.
Singapore
INP AFV SPV:
A special purpose vehicle based in Singapore that covers different-staged companies along the entire industry value chain in Asia and globally to fully participate in the new wave of energy transition. This SPV aims to form an ecosystem around strategic holdings, emerging leaders in the commercial AFV space, to establish at-scale manufacturing enterprises in regions experiencing high growth and demand and create synergy from portfolio companies to eventually become a key player in shaping the future of global green energy and transportation solutions.