The last thing the Cleantech sector needs is another damaging bubble burst, like the back end of the naughty's. Recent SPAC investments have raised eyebrows, especially when Nikola was found to be an 'Emperor with no clothes on'. But this short article shows how SPAC's may just get the industrial giants of energy and transport to be more nimble in the market and M&A activity, forcing a change from their slothful ways! We can but hope, and if they do, what future for the SPAC?
Worth a few minutes of your time for a read.
Not only do Hyperion work with fast-growth cleantech start-ups, we also build cleantech teams for giants such as innogy, when they do move into new segments. It will be interesting to see how cleantech investment does play out post-pandemic.
The SPAC wave shows no signs of going away soon. By slow-rolling innovators in their markets for so long, these big companies in the transportation, energy, industrial and lighting markets have now set the table for their own value destruction. Unless they start moving a lot more quickly as they see this all unfold.