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  1. IKIGAI and DNV launch the Thames Estuary Hydrogen Route Map

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    Ikigai Capital and DNV has launched the Thames Estuary Hydrogen Route Map, a masterplan that introduces the potentials of a hydrogen economy in the Estuary. A copy of the document can be downloaded here.

    This significant step forward in hydrogen energy in the UK will keep the nation on track to net zero, supporting 9,000 jobs and delivering £3.8bn GVA to the UK economy by 2035.

    “We were so excited to be selected eight months ago to deliver the hydrogen investment plan for TEGB”, said Helena Anderson, co-founder of Ikigai. “We are now in a position to dig deeper into real and sustainable solutions for different clusters across the area. We are confident that, working with Thames Estuary Growth Board, we can translate the Green Blue action plan into billions of Net Zero investment into the south-east. We are entering into a new phase of the plan now to develop a pipeline of investable projects and to attract funding to deploy these projects and start decarbonising the Thames Estuary”.

    The Hydrogen Route Map identifies where demand, supply, distribution and storage opportunities exist; outlines requirements of the investment market and pinpoints investment clusters; establishes a broad set of relationships with key stakeholders; and highlights the competitive advantage of locating a hydrogen ecosystem in the Thames Estuary.

    Nationally, this will keep the UK on target to net zero by reducing carbon emissions by up to 5.9 million tons annually. Ahead of COP26, the Thames Estuary is ready to play its part in international efforts to research, produce and use clean energy.

    Kate Willard OBE, Estuary Envoy and Chair of the Thames Estuary Growth Board said: “We are proud and excited to launch The Thames Estuary Hydrogen Route Map. Through our Green Blue vision, our objective is to unlock £190bn of national growth potential by capitalising upon the unique built and natural assets of the Thames Estuary. The Growth Board works tirelessly to identify and catalyse new opportunities to create the cleanest and greenest river-side region anywhere on the planet.

    Over the past eight months, we have looked across the Estuary to understand the needs and opportunities and articulate the scope for a hydrogen ecosystem which is compelling and capable of attracting multi-billion-pound investment. A hydrogen ecosystem in the Estuary will have far-reaching, positive implications not only for the region, but for the UK as a whole.”

    The Estuary’s position next to the capital and stretching out to the North Sea means it is uniquely placed to deliver a hydrogen ecosystem. The region has a wide range of potential end users across a number of industries, such as high heat industrial, transport (road, rail, air and river), data, and heating, with each starting to develop plans for their journey towards zero carbon.

    Additionally, major infrastructure projects such as the Lower Thames Crossing offer an opportunity to demonstrate fossil fuel-free alternatives for construction. Crucially, in terms of storage, local demand for carbon dioxide presents an opportunity for re-use. Lastly, the Thames is also the largest port cluster in the UK, supported by a significant fleet of back-to-base logistics operations situated in multiple port locations.

    Across the Thames Estuary region, developments in hydrogen will unlock substantial benefits for people and local economies, attracting more than £2.2billion of investment, and supporting its levelling up through job creation. The transition away from fossil fuels will help address issues of poor air quality and improve health and wellbeing.

    The benefits of hydrogen are abundant. Hydrogen is a clean, renewable energy source in bountiful supply, with numerous sources to produce locally and a sustainable production system. It’s non-toxic and far more efficient than other sources of energy. Hydrogen can be a key enabler of decarbonisation across the heat and transport sectors, as well as energy-intensive industries such as chemicals, oil refineries and power.

    This week, the Thames Estuary will be calling on Government to back our Hydrogen Route Map in the Comprehensive Spending Review by providing source funding to kick off our ‘Living Labs’ concept, a catalyst focused on early stage (TRL 3-7), pre-commercialisation H2 technologies.

    The UK Government is committed to delivering hydrogen at scale and plans to work with industry to achieve 5GW of low carbon hydrogen production capacity in the UK by 2030. The Thames Estuary has the capability to power this ambition and support the Government in becoming a global player in hydrogen energy, owing to its natural and economic geography, and position as a strategic investment partner.

    Get in touch if you are an investor, developer, technology provider or funder looking to get involved in the Thames Estuary Hydrogen Investment plan.


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     Green Lithium, the mineral processing company, has secured £1.6 million in Seed round funding as it progresses plans to build and operate the UK’s first large-scale commercial lithium refinery.

    The Seed round attracted funding from a range of high-net-worth individual investors, closing at more than five times the initial target amount. This comes in addition to the £0.6m UK Government grant secured from the Automotive Transformation Fund in April.

    The Seed round capital will be used to fund key activities to take the project to the next stage of development, these include: raw material laboratory test-work analysis, which is already underway; planning and environmental scoping and baseline surveys; ground investigation; and other activities relating to the early development phase of the project.

    Through a Series A funding round, the company is in the process of raising further investment to fund the later stage of its development phase activity, with energy transition consultancy Ikigai Capital appointed to create a bankable structure and introduce strategic and financial investors.  

    Currently, there is no commercial lithium refining capability of scale in Europe, leaving the continent’s rapidly growing electric vehicle (EV) and sustainable energy storage sectors wholly reliant on international sources of battery-grade lithium hydroxide. Further, supportive regulation is driving localised production – the EU has introduced the ‘Rules of Origin’, mandating automotive original equipment manufacturers (OEMs) to localise supply chains, forcing them to source battery materials from UK or European suppliers, with non-compliance resulting in punitive tariffs.

    By building and operating the facility in the UK, Green Lithium aims to provide the missing link in the EV supply chain, using an industry-leading, sustainable and low-carbon refining process to connect the UK’s and Europe’s lithium battery and cell manufacturers with abundant international sources of raw lithium material. The project will create more than 1,000 jobs during the construction phase, and 200 jobs once operational. The 50,000 tonne per annum refinery will produce enough lithium hydroxide to enable manufacture of more than 1 million EVs per year and will put Green Lithium at the very forefront of the electric vehicle revolution.

    Richard Taylor, founding director at Green Lithium, said:

    “The electric vehicle revolution, which will be crucial in the transition to ‘net-zero’, requires a significant increase and diversification in the supply of low-carbon, battery-grade lithium hydroxide. It is estimated that growth of more than 400% in supply is needed over the next 10 years, however current and planned refining capacity will fall short in achieving this. Green Lithium intends to help meet what would otherwise be unmet demand in an underserved market. The fact that our Seed funding round was more than five times oversubscribed reflects the scale and attractiveness of the opportunity.”

    Roberto Castiglioni, CEO and co-founder of Ikigai Capital, said:

    “After a successful Seed round, Green Lithium is now moving towards the development of key project areas that will take the refinery to ‘ready-to-build’ within the next 18 months. This is a key window for strategic investors to access a project that will play an important role in the future of mobility and we are proud to be supporting the Green Lithium team.”

    Any parties interested in participating in the Series A funding round – or the subsequent Construction project finance funding round taking place in the second half of 2022 – should contact Ikigai Capital directly, using the contact details below.


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    Our COO Helena Anderson spoke at PwC-sponsored roundtable on alternative fuels about how money into emerging industry faces bottlenecks as investors grapple with uncertainty over regulation and bankability

    Concerns over bankability, regulation and project deployment risks are holding back some investors from the hydrogen sector despite its long-term growth potential as a key plank of the energy transition, according to participants in Transition Economist roundtable on alternative fuels, held in association with PwC.

    Corporate and institutional investors are treading carefully as they weigh up risks relating to evolving regulation, the need for bankable long-term offtake deals and the possibility that hydrogen production assets could become stranded because of a lack of midstream distribution infrastructure.“Is there a role for government to play the offtaker of last resort?” Anderson, Ikigai Capital

    “The key bottlenecks right now, you can group in two sort of categories. One is the economic viability and regulatory clarity—or  lack of—and the second is residual project risk, the deployment risk,” says Shiva Dustdar, head of division, innovation finance advisory at the European Investment Bank, which  recently surveyed a group of more than 30 corporate and strategic financial investors.

    Investors’ concerns about the deployment of hydrogen projects are focussed more on the demand side and the ability to put in place bankable offtake agreements than on technologies, Dustdar says.

    And investors want to see “a strong push from the public sector” to make sure the midstream or distribution piece of the supply chain is not neglected, she says. “It is of no use to constantly look at the sort of other two ends, the supply and demand set, and forget that there is a midstream that needs to connect the two.”

    Stranded assets?

    Helena Anderson, co-founder and COO of Ikigai Capital, also cited investors’ concerns over “project on project risk” where a new facility is dependent on the successful deployment of another stage of the supply chain, and could potentially become a stranded asset.

    “It is essential to take a demand-led systems approach for blue hydrogen as you have got project on project risk with distribution and storage infrastructure for both hydrogen and carbon capture. And for green hydrogen, it is not enough to consider lowest cost of production at source; how are you going to transport it?” she says. “Is there a role for government to play the offtaker of last resort for larger projects so that you can have the suppliers of these fuels move forward no matter what, knowing that, at the end of the day, the infrastructure will come?”

    Anderson also highlights investors’ need to lock in stable cash flows through offtake deals. “Even when strategic investors are willing to take a view on the transition to hydrogen or the transition to more biofuels in the system, they always want a certain level of long-term stable cash flows,” she says. “They want certainty. Strategic investors are better able to handle the level of merchant risk in a project, but they still want a certain level of contracted revenues where possible.”

    Regulatory risks

    Uncertainty over regulation and carbon pricing is also a significant constraint on some investors’ appetite for the hydrogen sector. “There is, of course, a lot of emphasis put on regulation. The new taxonomy is going to be an important part of this,” Dustdar says.

    But also, generally, having much greater coherence and clarity on carbon pricing, and looking at it not just regionally but from a global perspective, will definitely drive financing.”

    A lot of investors are also concerned about the level of reliance on government support for hydrogen, says Anderson. “And that’s actually a reason why they might not get involved yet, other than in jurisdictions or applications where that support is already clear.” She adds that some investors may prefer projects that are based on the conversion of an existing business model to incorporate a new fuel over time.

    The Transition Economist roundtable, ‘The role of alternative fuels in the transition to net-zero and the pathways to commercial viability’, in association with PwC, is now available on demand.


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    Triple Point Heat Networks Investment Management has awarded £14.6m as part of the Heat Networks Investment Project (HNIP) funding to the Octagon Project Energy Network (OPEN), a District Heat Network (DHN) project in Manchester.

    The project is being undertaken by Manchester Energy Partnership Limited (MEPL), a joint venture between Manchester property development and energy specialist, Sustainable Energy Supplies Limited and Electricity North West (Construction and Maintenance) Ltd. The £30 million first phase of the project has been catalysed by funding from the Department of Business Energy and Industrial Strategy (BEIS) through the HNIP scheme, with additional investment coming from the project sponsors. Part of the BEIS funding has been received as a grant to assist with the commercialisation and pre-construction phase of the project, with the remaining investment in the form of a construction loan.

    Ikigai, an independent net zero bankability advisor, supported the consortium on the grant application, stakeholder engagement, HNIP funding negotiation and is now assisting the sponsors to identify strategically-aligned institutional equity and debt investors for multiple phases of the project. Helena Anderson, co-founder of Ikigai, commenting on the award, said “This is a great example of the private sector working together with Government to catalyse investment into the energy transition and regional growth. Our approach balances affordability, security of supply and PF investor requirements with the necessity to achieve Net Zero in the medium term.”

    Ken Hunnisett, head of Triple Point Heat Networks Investment Management added that “The HNIP team is incredibly excited to be supporting the MEPL team in their ambitions to deliver decarbonised heat right into the heart of Manchester. We have known for some while that the availability of private capital is one of the real-world constraints on the pace at which the UK can transition to net-zero, so it’s been a particular pleasure to work with Ikigai Capital on the development of a highly bankable, replicable precedent for investment in private sector-led district heating infrastructure.”

    The consortium has been working for over 5 years with Manchester City Council and the Greater Manchester Combined Authority to create the OPEN DHN, to be anchored by offtake from Manchester Royal Infirmary NHS Hospital, and set to become one of the largest and most diverse decentralised energy networks in the UK. It will deliver decarbonised, lower cost heating and electricity to a variety of key Manchester stakeholders in the city’s strategic Southern Corridor. Construction works will commence in Autumn this year, with phase 1 to be commissioned in Q2 2022.

    The project area, covering over 5, is planned to include major off-takers such as the Manchester Royal Infirmary (the Manchester University NHS Foundation Trust), existing demand from the National Blood and Transplant Unit, the Central Manchester Renal Dialysis Unit and numerous bulk supply residential consumers, including student accommodation bed-spaces and 1000 social housing and private residential homes in the Plymouth Grove Village estate.

    The initial energy centre site received planning approval in March 2021. It will generate c. 25MW of thermal output in phase 1 and ultimately up to c. 10MW electricity initially from combined heat and power (CHP) engines and boilers and be augmented by distributed solar PV and air source heat pumps, intended to increase in number over time. The energy centre is designed to enable accelerated switching hydrogen and the project sponsors are currently investigating local production options, as well as benefiting from Cadent’s intention to increase hydrogen blending in the grid to at least 20%.

    Chairman of the MEPL Richard Everton said’ “I am delighted that the tenacity and single mindedness of the MEPL team has turned what was a personal “pipe-dream” into a financially viable and practical reality for the city of Manchester. Manchester is taking a strategic lead in achieving “Net Zero North West as the whole country now heads for net zero emissions by 2038.”

    Prospective investors should contact Helena Anderson or Roberto Castiglioni at Visit for further information about the project.


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    An investment blueprint has been developed which could see £1 billion spent on low carbon projects in Cheshire over the next few years with nearly 3 million tonnes of CO2 saved by 2030.

    Ikigai Capital is part of a consortium of companies, which has formed a partnership with the Cheshire and Warrington Local Enterprise Partnership (LEP) to deliver the  ‘Invest Net Zero Cheshire’ roadmap.

    The consortium has identified a portfolio of opportunities across renewable generation, hydrogen, carbon capture, energy storage and smart grids which offer long-term, sustainable investment opportunities in net zero.

    Cheshire, in the North West of England, is one of UK’s power houses, featuring major manufacturing employers, including oil refining, glass manufacture, nuclear enrichment, chemical production and automotive. This concentration of industry means the area around Ellesmere Port consumes around 5% of the UK’s energy, with Cheshire West and Chester the fourth largest carbon emitter in the country and a climate emergency declared locally.

    The Cheshire & Warrington LEP and some local private sector partners contributed the funding for a study that lasted 10 months, involving more than 40 stakeholders and in excess of 150 hours of interviews. The outcome was a net zero investment plan, setting out immediately investable projects which will create jobs and inclusive growth in the area and deliver value to industry energy users and investors.

    The advising consortium, led by The Cheshire Energy Hub, comprises technical advisors The Energy Systems Catapult (energy systems analysis), EA Technology (understanding future electricity network needs); Ikigai Capital (bankability and business case advisor); Peel NRE, part of Peel L&P (the owner and developer of Protos at the heart of the project zone) and SP Energy Networks (the local DNO), and was supported by many other local stakeholders.

    The findings of the study were presented at a recent webinar where Clare Hayward, Chair of the Cheshire & Warrington LEP said: “Climate change is the challenge of our generation, and around the world we’re seeing Governments set ever more ambitious targets. We want to make Cheshire and Warrington the most sustainable place in the UK and reach net zero emissions by 2030, which isn’t that far away. To do this we need an integrated, collaborative and bold approach. Investors don’t want to see piecemeal initiatives, they want to see a joined up approach to decarbonisation. There is no better place to invest. We have the vision, a clear path to investment and the eco system needed to deliver.”

    Claire O’Neill, former UK Clean Growth Minister and MD World Business Council for Sustainable Development and Ikigai Capital Non-Executive Director, delivered the keynote address at the event: “Cheshire & Warrington are in a leadership position in the UK when it comes to decarbonisation and it’s great to see such first class thinking and impressive collaboration. It’s right that we should be moving away from conversations about government subsidies to discussions about how we can create the right funding structures to attract investment into local net zero projects. Invest Net Zero Cheshire could be a global exemplar of how to deliver investment into clean growth.”

    Ged Barlow, Chair of the Cheshire Energy Hub said: “As we recover from the COVID-19 global pandemic and look ahead to the UK’s presidency of the United Nations climate conference, COP 26, the green industrial revolution is more critical than it has ever been. Decarbonising industry is a vital part of the jigsaw and we must act quickly to reduce carbon emissions, safeguard industry and protect jobs. We have developed a roadmap to reaching net zero emissions in Cheshire by 2030 which could unlock £1 billion of capital investment and save nearly 3 million tonnes of carbon. Our unrivalled range of projects collectively offer long-term sustainable investment opportunities and demonstrates why Cheshire is the prime location to invest in net zero.”

    Talking about the process, Helena Anderson, COO and co-founder of Ikigai Capital, pointed out that “The study involved understanding industrial energy users’ existing and future energy demands. From this a portfolio of projects was identified and shortlisted based on their potential to reduce carbon emissions. The consortium then engaged in a bankability review exercise to structure each solution for private sector-led funding. This joint technical/financial approach produced an investible roadmap for reaching net zero carbon emissions by 2030. Ikigai Capital is now going to market to understand the appetite from potential investors to fund the pipeline of projects”.

    A summary of the study and its findings can be viewed here with further information on the portfolio of projects and business cases available at Please contact Roberto Castiglioni or Helena Anderson at to discuss investment opportunities in the area.

    The Cheshire Energy Hub represents the sub-region on Net Zero North West – the industry led industrial cluster which is aiming to develop the UK’s first low carbon industrial cluster by 2030.


    For more information contact:

    Rebecca Eatwell, Font Communications, 07827 353113,

    Notes to Editors:


    The Cheshire Energy Hub is an energy sector support organisation, funded and strategically driven by industry.  Its members work collaboratively to advance the skills agenda and energy initiatives in the region.  Members include BGS, Burns & McDonnell, C-Tech Innovation, EA Technology, Encirc, Engie, Essar Oil UK, Peel Environmental, Protos, Storengy UK, Tata Chemical and URENCO, together with the Cheshire and Warrington LEP, Cheshire West and Chester Council and the University of Chester’s Thornton Science Park.


    Ikigai Capital is a London based, Net Zero bankability consultancy focused on clusters, city and industrial decarbonisation. We bridge the gap between investors, tech, demand and Government to unlock capital investment for sustainable and inclusive regional growth.

    Contact Ikigai Capital at


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    We are delighted to announce that Ikigai, supported by DNV GL, have been appointed to deliver a Hydrogen Investment Strategy for the Thames Estuary.

    In November 2020, our Hydrogen Summit revealed significant interest in the development of a hydrogen ecosystem in the Thames Estuary. The anticipated demand driven by a move away from fossil fuels along with the Estuary’s location and capacity to deliver at scale presents an extremely compelling case for investors.

    Ikigai and DNV GL will create our roadmap to realising this transformational opportunity. They will evaluate and identify the potential for investable hydrogen generation, distribution, storage and usage infrastructure within the Estuary, helping us to meet the commitments made in our ambitious action plan ‘The Green Blue’. This includes driving green growth and spearheading the development of a hydrogen ecosystem to enable the greening of our transport on land and water and accelerating decarbonisation.

    Ikigai is a Net Zero Bankability Consultant focused on supporting cities, industrial clusters and energy intensive consumers to identify practical, integrated decarbonisation solutions which improve resilience and competitiveness and align with Government policy objectives to attract private and public sector capital. DNV GL is an independent international technical and engineering adviser, expert in risk management and quality assurance, with market-leading expertise in hydrogen networks.

    Devrim Celal, Thames Estuary Growth Board Joint Lead for Hydrogen, said: “This joint bid showed an impressive and comprehensive understanding of our hydrogen ambitions, recognising opportunities for investment and providing clear steps to achieve them.”

    Gavin Chapman, Thames Estuary Growth Board Joint Lead for Hydrogen, added: “This appointment is another significant step towards realising the enormous potential of the Thames Estuary. Ikigai and DNV GL bring invaluable insight and expertise to our hydrogen strategy and we are hugely looking forward to working with them to drive good, green growth.”

    “We are so excited to be part of such a key project for the Thames Estuary, with lessons to be learned for clean growth across the whole of the UK”, said Helena Anderson, co-founder of Ikigai. “Hydrogen is a key element of the energy transition because of its versatility and application in the hardest to decarbonise sectors: foundational industries, shipping, aviation, railways and the gas network. We can’t wait to start stakeholder engagement – with Government, industry, prospective investors, delivery partners and local developers. We are confident that, working with Thames Estuary Growth Board and hydrogen techno-economic modelling specialist, DNV GL, we can translate the Green Blue action plan into billions of Net Zero investment into the south-east.”

    The Hydrogen Investment Strategy will set out how investment in hydrogen infrastructure will have wide-reaching benefits across the Estuary. This will provide benefits such as carbon reduction, opportunities for skills and training, employment opportunities, improved health outcomes as well as delivering a strong return on investment.

  7. Former UK Minister Claire O’Neill and Head of BA SAF Leigh Hudson join Ikigai Capital Board

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    London, 12 October 2020 – The former UK Minister for Energy and Clean Growth, Claire O’Neill (formerly Claire Perry), has joined the board of Ikigai Capital Limited (‘Ikigai’ or the ‘Company’), the London-based strategic consultancy that makes Net Zero investable by helping clients reduce carbon emissions and improve profitability while future-proofing assets for a truly sustainable economy.

    Claire O’Neill joins Ms Leigh Hudson, Head of Sustainable Fuels at IAG/British Airways, as a Non-Executive Director of Ikigai to guide its co-founders Roberto Castiglioni and Helena Anderson in their mission to bridge the divide between investors, technology companies, large energy users and the public sector and thereby address ‘stranded asset’ risk for industry and infrastructure.

    Ms O’Neill, a Harvard University MBA graduate, has held senior roles not only in Government but also in management consulting and banking and is now Managing Director for Climate and Energy at the World Business Council for Sustainable Development (WBCSD).  While in Government she authored the UK’s Clean Growth Strategy, negotiated the world’s first offshore wind sector deal, brought forward the UK’s world leading Net Zero legislation and led the UK Government in its successful bid to host COP26 for which she served as President-Designate until her departure from politics in 2020.

    Commenting on her decision to join the Ikigai Board, Claire O’Neill said: “The UK’s commitment to achieving Net Zero by 2050 has focused minds on how to translate talk into action and I have long been impressed with the Ikigai team’s ability to turn theoretical commitments into the practical steps needed to help companies structure and source secure funding for technology-neutral, integrated energy and transport decarbonisation solutions.  In less than two years, thanks to their commitment and passionate approach, they have positioned themselves at the heart of the energy transition by delivering practical and investable solutions, linking key public and private stakeholders and the funding community. I look forward to helping them move the business to the next stage.”

    “As the home of the Industrial Revolution and energy-led industrial clusters, Britain is now leading the Energy Revolution, decarbonising its economy to make it fit for the 21st century and delivering data-led Infrastructure 2.0,” said Roberto Castiglioni. “Huge steps have been taken to reduce stranded asset risk on the electricity supply side through solar and wind generation, but the next big challenge is decarbonising industrial and transport demand for heat/cool and fuel and balancing the system through behind-the-meter solutions. From these challenges we see a massive opportunity for investors to increase the profitability and competitiveness of their core assets by acting now with bankable, holistic solutions.”

    According to a research by ShareAction[1], out of more than US$70 trillion of assets under management by the top 75 fund managers, $35 trillion are exposed to climate change risks. Investment managers should be acting now to future-proof their portfolios to withstand changes in regulations and consumer mood, as governments are moving towards Net Zero economies and increasingly, people don’t want their personal investments holding carbon-heavy assets.

    The Ikigai team guides investors, asset operators and public authorities to diversify into new energy-related revenue streams and mitigate unforeseen or premature write-downs, asset devaluation, illiquidity and refinancing risk. Ikigai is currently working on several Net Zero-focused projects – for industrial clusters, city innovation zones, regional airports, ports and foundational industry – in each case aiming to deliver economic development, social impact and carbon abatement on a privately financed basis.

    Jon Matthews, Head of Energy and Innovation at AGS Group, owner of Glasgow, Southampton and Aberdeen airports, said: “Ikigai has taken a hands-on, practical, collaborative and bankability-led approach to designing and implementing a holistic strategy for AGS to become a Net Zero airport group. They have helped us to devise a framework for sustainable growth of regional connectivity, tailored to the particular characteristics of each airport and neighbouring developments. In the wake of the pandemic and in the lead-up to COP26 in Glasgow, we believe the data-led, cost reducing and revenue generating all-energy decarbonisation solutions championed by Ikigai and funded off balance sheet, will play a crucial role in the future of flight and will future-proof the airports.”

    Helena Anderson commented: “We are reaching a tipping point: it is no longer sufficient for investors and industry to talk about what a future carbon-constrained economy will look like and then ignore these predictions when it comes to live deals. It is not enough to attend webinars and write about thought-leadership. We need to move beyond the forecasting business and work collaboratively to address ‘stranded asset’ risk in transactions and on the ground, catalysing a combination of public and private investment. Whether we are advising investors on carbon-related refinancing risk; asset owners on optimising their portfolios through integrated power, heat and fuel solutions; or devising funding plans for Net Zero industrial clusters or city networks, our aim is to accelerate the move from theory into practice.”

    Ikigai Capital

    Ikigai Capital is a UK-based international strategic adviser that is advancing the energy transition by facilitating investment into data-led, integrated energy, transport and decarbonisation solutions for heavy industry, city and industrial zones and core infrastructure owners (water, waste, airports, ports). 

    Ikigai Capital is part of a wider group of companies whose complementary activities help in delivering a sustainable future. Ikigai Energy is a co-development and financing platform for behind-the-meter energy projects and Ikigai AXL is a bankability accelerator for cleantech enterprises looking to commercialise their proven technologies.

    [1] Point of No Returns, March 2020

  8. Ikigai Capital Joins KTN SME Programme to Foster Net Zero World

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    Calling on early and late stage innovators in chemistry and industrial biotech solutions for a #NetZero world! Knowledge Transfer Network (KTN) launched an SME Accelerator Programme to provide training, support and access to funding for a cohort of 10-15 promising companies, in order to accelerate their pathway towards commercialisation. 

    Ikigai Capital is proud to be a partner organisation for the programme, alongside Unilever, Croda, The Lubrizol Corporation, IBioIC, CPI, Earlymarket LLP, Carbon Limiting Technologies, Clean Growth Fund, UK Innovation & Science Seed Fund and Sustainable Ventures.

    Applications close on 30 September 2020. Don’t miss out!

  9. Ikigai Capital joins Net Zero Leiston consortium to lead the way for Net Zero Towns

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    Ikigai Capital is proud to announce its appointment as net zero bankability adviser in a consortium of international engineering and energy systems experts that have pledged to show a Suffolk coastal town how to increase energy efficiency, tackle fuel poverty and reach net zero carbon emissions.

    Representatives from Leiston-cum-Sizewell and local authorities are leading the consortium on a project that is being launched in the town called ‘Net Zero Leiston’. It aims to help the parish achieve zero carbon emissions by around 2030 and end fuel poverty.

    Climate change is a cause for concern across the world and the UK has a legally binding commitment to achieve ‘Net Zero’ emissions by 2050. Suffolk County Council and East Suffolk Council along with over 300 local authorities, has declared a climate emergency. Board members of the community partnership organisation Leiston Together hope that by bringing together partners and the local community a blueprint for achieving net-zero can be delivered which will also help similar towns across Britain.

    Since the start of the year Leiston representatives have been working with partners including EDF, East Suffolk Council, Suffolk County Council, Atkins, Ikigai Capital, Opergy and Energy Systems Catapult to work on a ‘route map’ which will outline the timescales and milestones which would need to be undertaken to meet this ambitious aim.

    Initial activities will include a pilot scheme for twenty properties in the town to be retro-fitted with various technologies and materials to help improve their energy performance, such as roof and cavity wall insulation, boilers and solar panels.

    Leiston Town Council is leading the project with financial and project management support from EDF and the Sizewell C project. It is intended that the project will eventually be wholly community-owned and self-sustaining. 

    Helena Anderson, Ikigai Capital co-founder and COO said:

    ‘We believe integrated low carbon solutions – across electricity, heat/cool, fuel and CCUS – can best add value for consumers, investors and regional economies. Data-led, systems-based, demand optimisation is the first step. A technology-neutral approach is essential, given the multiple pathways available to achieve net zero in a particular locality and timeframe. But above all, the energy transition will only be achieved if it is investable and bankable, focusing not only that the projects that can be delivered in 2050, but also the enabling infrastructure that can catalyse change now. Too often, a high impact decarbonisation project is abandoned because creative thinking around the potential revenue stack, funding structures and strategic partners was an after-thought. We set up Ikigai to address this blind spot in the context of energy-led city and industrial solutions. We are therefore honoured that EDF shares this perspective and has chosen Ikigai to work alongside the leading professional advisors in this space, not only to deliver an investable Net Zero Leiston, but to create a blueprint for the financing of net zero towns across the UK.”

    Clerk of Leiston-cum-Sizewell Town Council John Rayner said:

    ‘Leiston-cum-Sizewell is very pleased to be able to work with EDF and the other partners in this project to make Leiston a Net Zero contributor to climate change by 2030. The ambition, resources and potential of the group is very exciting and Leiston will undoubtedly benefit from this investment.’

    ‘We believe a robust approach is needed to engineer net zero and truly tackle climate change. To achieve we will need the local community to be involved and at the heart of what we do. To that end we have delivered a leaflet explaining the project to all homes in Leiston-cum-Sizewell and we have launched a website to encourage local people to get involved and share their ideas on how our town can become Net Zero.

    Partners in the project include Atkins, the international engineering and project management group who will draft the Net Zero report; Ikigai Capital, a London based net zero bankability adviser; Opergy, a Suffolk-based clean energy consultancy; and Energy Systems Catapult. The Net Zero Leiston Team is planning to publish the route map in Autumn.