Goldman Sachs 2013 Annual Report Download - page 18

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Goldman Sachs 2013 Annual Report
ENERGY
Bloom Energy, one of many innovative
businesses for which Goldman Sachs has
provided advice and financing, is part of
a growing movement toward distributed
on-site energy production. Its main concept:
fuel cells that turn natural gas or biogas
into electricity — cleanly, reliably and at a
competitive cost for commercial enterprises
including data centers, government facilities
and utilities. In the wake of Hurricane Sandy,
Bloom’s fuel cells were up and running when
other sources of power were unavailable.
View video
KR Sridhar, CEO, explains Bloom Energy’s vision: ensuring
that everyone on the planet has access to reliable, affordable,
sustainable power. Go to: goldmansachs.com/our-thinking/
our-conferences/builders-and-innovators-2013
RELIABLE, RESILIENT,
CLEAN AND COMPACT:
ON-SITE DISTRIBUTED
POWER IS GAINING
ATTENTION – AND
TRACTION
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With a growing global population and increasing per capita consumption
of energy, finding new ways to produce energy is of paramount importance.
“We have made good progress toward our target of financing and investing
$40 billion in clean energy over the next decade,” says Stuart Bernstein,
global head of both the Clean Technology and Renewables Group and the
Venture Capital Coverage Group at Goldman Sachs. “Our work is wide
ranging in industries from renewable power production to electric vehicles
to grid optimization to demand response.” Highlighting our work in solar,
Bernstein says, ”While there continues to be innovation upstream producing
photovoltaic panels more efficiently, our work with downstream solar clients
allowed companies installing photovoltaic panels on homes, businesses
and military installations to provide lower energy costs to their end users.”
THE GOLDMAN SACHS CLEAN ENERGY ECOSYSTEM
SUMMIT EXPLORED NEW APPROACHES FOR
DISTRIBUTION AND SUPPLY
In 2013, Goldman Sachs hosted the Second
Annual Clean Energy Ecosystem Summit in
Menlo Park, California. This conference brought
together leaders of the world’s most innovative
energy start-ups; key decision makers of the
largest energy, technology and industrial
companies globally; influential investors; and
leaders across research, government and
finance to share insights, foster a dynamic
dialogue and — ultimately — be a catalyst for
growth and innovation in clean energy.
Rethinking the Grid
Clean energy
and renewable
companies are
not only driving
change in the
production of
energy but
also in its
consumption
View video
Thought leaders from inside and outside the firm share insights
on renewable oils, emerging energy collaborations and other clean
energy topics: goldmansachs.com/our-thinking/our-conferences/
clean-energy-ecosystem-summit
View video
Stuart Bernstein describes the commercial opportunity
of clean energy and renewables. Go to: goldmansachs.com/
annual-report-2013/stuart-bernstein
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