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dc.contributor.authorIn, Soh Young
dc.contributor.authorMonk, Ashby H. B.
dc.contributor.authorKnox, Janelle K
dc.date.accessioned2021-01-08T17:05:02Z
dc.date.available2021-01-08T17:05:02Z
dc.date.issued2020-12
dc.date.submitted2020-12
dc.identifier.issn2071-1050
dc.identifier.urihttps://hdl.handle.net/1721.1/129351
dc.description.abstractThis study aims to advance the understanding of and address the valley of death that is significantly widening in the clean energy domain due to its financing challenges. We conduct a case study on three new investment vehicles in the US energy sector (First Look Fund by Activate, Prime Impact Fund by Prime Coalition, and Aligned Climate Capital), which set their missions to contribute to bridging the valley of death in clean energy. While three cases focus on different technological development phases, they raise a consistent point that investment opportunities (and risks) are not assigned to the appropriate investors. We argue that current financial intermediaries have failed to effectively channel funding sources to entrepreneurs, as we evidence network fragmentation and information asymmetries among investor groups and companies. Therefore, we propose three intermediary functions that can facilitate intelligent and effective information flow among investors throughout the entire energy technology development cycle. Our findings highlight the emergence of collaborative platforms as critical pillars to address financing issues among new energy ventures.en_US
dc.publisherMDPI AGen_US
dc.relation.isversionofhttp://dx.doi.org/10.3390/su122410440en_US
dc.rightsCreative Commons Attributionen_US
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/en_US
dc.sourceMultidisciplinary Digital Publishing Instituteen_US
dc.titleFinancing Energy Innovation: The Need for New Intermediaries in Clean Energyen_US
dc.typeArticleen_US
dc.identifier.citationIn, Soh Young et al. "Financing Energy Innovation: The Need for New Intermediaries in Clean Energy." Sustainability 12, 24 (December 2020): 10440 © 2020 The Authorsen_US
dc.contributor.departmentMassachusetts Institute of Technology. Department of Urban Studies and Planningen_US
dc.relation.journalSustainabilityen_US
dc.eprint.versionFinal published versionen_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dc.date.updated2020-12-24T15:34:08Z
dspace.date.submission2020-12-24T15:34:08Z
mit.journal.volume12en_US
mit.journal.issue24en_US
mit.licensePUBLISHER_CC


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