Energy Finance and M&A

Energy Storage
Storage grid scale capital cost $340/kWh, commercial scale $175/kWh. Global energy storage market will double six times between now and 2030.
 
Oil & Gas
Only 14% wastewater treatment plants, landfills, and livestock operations that could capture methane economically currently do.
US exports nearly as much energy in the form of crude oil as coal.
Ag funds chasing $13.6 BN, 8 funds $1.1 BN in early 2014, 9 funds raised $1.1 BN in 2013, 9 funds raised $3 BN in 2012 and 10 funds raised $1.6 BN in 2011.
 
Latest News
Global M&A 1Q18 $1.2 TN. Largest on record. US value up 67%, volume down 10%. EU up 200%, Asia up 11%. Breakeven M&A EBITDA mulitple 6-7x. MLP moving back to C-corps to attract investors. EBITDA multiples for strategic and financial buyers 7.2x and 8.0x, respectively. Expect IPO of property management companies. 226 listed REITs representing $1 TN, 191 NYSE, 67 REITs are rated investment grade, 67% by equity market capitalization. Energy major steps to clean energy future. Ultra HNW 46% of assets in Alternatives. 5% US organic waste recycled compared to 75% EU. US 50 MM TPY organic waste in landfills. Peak Soil.