in case someone Q, 2022 is about energy — natural gas, oil, renewables, all of that. Natural gas prices surged in early trade as Vladimir Putin’s ill-considered decision to invade Ukraine cut gas supplies to Europe. This, combined with high oil prices, contributed significantly to near-record inflation, forcing the central bank to raise interest rates.
Inflation helped spur Passage of the Inflation Reduction Actwhich contains several provisions to promote the development of renewable energy, prepare for the arrival of the electric grid, and promote the development of other alternative energy sources.
Taken together, these developments — along with what investors tell me is a desire for safe returns — have sent dollars flocking to clean energy. According to a new report from PitchBook, as of the third quarter, venture capital activity in the industry is on track to hit a record high in 2021.
