The Future Of Cleantech in Idaho
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What is Cleantech? Cleantech is a broadly inclusive term that refers to companies and technologies that create jobs and deploy new innovations that improve environmental and social sustainability. Why Idaho? To start, Idaho is rich in natural resources that make cleantech possible: Sun, wind, minerals, available land, and good soil. Perhaps more importantly, Idaho is also rich in innovation, particularly in the renewable and battery industry. Idaho is stepping into the clean energy spotlight with startups like Joule Case, Retrolux, Clenera (acquired by…), Inovus Solar (acquired by Solar One), Solar Roadways, Kore Power, and Inergy. Idaho also leads with some of the nation’s top energy research institutions, Idaho National Laboratory (INL), leading research and development in batteries, solar, and grid modernization. Idaho is also rich with smart, talented people working on the world’s biggest energy problems. The Center for Advanced Energy Studies (CAES), a collaboration between INL, Boise State University, University of Idaho, and Idaho State University, hosts over 8,000 researchers working to solve the greatest energy challenges. Also, Idaho hosts two large energy engineering firms, Power Engineers and McMillan-Jacobs, who are both leading in the energy innovation space. Additionally, Idaho is host to more than a dozen B Corp companies — all of which focus on using business as a force for good. To support these innovators and push for smart economic policy that will create jobs in Idaho, a group of business leaders and policy advocates formed the Idaho Chapter of the CleanTech Alliance in 2020. Idaho Chapter Chair and Retrolux CEO, Leif Elgethun says “Cleantech makes sense in Idaho. We have all the ingredients to build a thriving clean energy industry that will create tens of thousands of additional living-wage jobs, protect our low cost of energy, and ensure our water, air, and land are clean for future generations.” Elgethun and other Idaho CTA members are working with local leaders to position Idaho for investment in cleantech startups, leading to long-term jobs, economic resilience, and a new energy solution and product export industry for Idaho. With an abundance of wind, sun, affordable land, good academic institutions, support for tech and cleantech innovation, as well as a great quality of life, Idaho is well-poised to take the lead as the clean energy leader. Inc. predicts that Idaho will be the next Silicon Valley with the growth in technology startups. But do we really want to be “the next Silicon Valley?” Perhaps we can do better by investing in cleantech. We have the key ingredients to build a prosperous clean energy and technology economy while staying true to Idaho’s core values — a sense of community, security, healthy lifestyle, and stewardship of natural resources.
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The Future Of Cleantech in Idaho
- 1. The Future of CLEANTECH In Idaho Amber Bieg, Partner 415-601-3279 cell | 208-918-1707 office amber@warmspringsconsulting.com www.warmspringsconsulting.com People | Planet | Profit Boise Entrepreneur Week 2022
- 2. Who is Warm Springs Consulting? Amber Bieg Partner, Sr. Consultant Deb LaSalle Partner, Sr. Consultant Mitch Samson Sr Sustainability Consultant Jay Schuyler Sustainability Consultant Zach Bell Sustainability Analyst Alaina Sisco Sustainability Associate Aly Dritenbas Business Manager John Gardner Senior Engineer Sustainability Consulting: “Doing good for the world is more profitable over the long-term” Designing regenerative pathways to Net Zero for agriculture, defense, energy, government, manufacturing, mining, recreation, technology, transportation and waste sectors. We not only believe it, we prove it, and we live it!
- 3. 1,100+ Members in 17 US States and 4 Canadian Provinces Start-up support, networking events, public policy advocacy, commercialization, business development, and other business services
- 4. Idaho CleanTech Alliance members are working with local leaders to position Idaho for investment in cleantech startups, leading to: 1. Long-term jobs 2. Economic resilience 3. New energy solution and product export industry for Idaho
- 5. What is Sustainability? “Sustainability means meeting our own needs without compromising the ability of future generations to meet their own needs.” - United Nations Regenerative Systems: 1. Regenerate 2. Close loops 3. Make things better as a whole
- 6. What is Cleantech? ● Clean & Renewable Energy ● Regenerative Agriculture ● Energy Efficiency & Management ● Circular Waste Management ● Alternative Mobility & Transport ● Low Carbon Construction ● Green Materials ● Carbon Capture and Storage ● Green Materials ● Water Renewal
- 7. Idaho = Natural Resources Idaho is rich in natural resources that make cleantech possible: sun, wind, minerals, available land, and healthy soil.
- 8. Idaho = Innovation Idaho is rich in innovation, particularly in renewable energy and battery industries.
- 9. Idaho Chapter of the Cleantech Alliance “Cleantech makes sense in Idaho. We have all the ingredients to build a thriving clean energy industry that will create tens of thousands of additional living- wage jobs, protect our low cost of energy, and ensure our water, air, and land are clean for future generations.” - Idaho Chapter Chair and Retrolux CEO, Leif Elgethun
- 10. Cleantech is growing 2 million Americans in cleantech jobs 50%of all new U.S. energy sector jobs in 2021 were in clean energy; clean vehicle jobs increased 26%. $10million cleantech jobs by 2030 globally “The size of the global market for clean tech will surpass the value of the oil market by 2030, rising from $122to $870 billion.” - IEA Source: Clean Jobs America Report 2022
- 11. Cleantech is Gaining Traction In 2021, a record $755 billion was invested in cleantech globally – a 27% total increase compared to 2020. Source: EUCI
- 12. Cleantech in China China’s government has invested over $40 billion in cleantech development since 2006. Source: Cleantech Group's i3 Platform
- 13. Cleantech in France Source: Cleantech for France Source: Cleantech for France France’s government has invested over $1.8 billion in cleantech in 2021.
- 14. Cleantech in Canada Canada’s cleantech sector has experienced rapid growth over the past few years. Source: Invest in Canada
- 15. Building a Robust CleanTech Economy in ID What are average cleantech salaries? ● Salaries for jobs in the cleantech industry can range from $40k to $100k+. ● Median hourly wages for cleantech jobs are about 25% higher than the national median wage (source: E2). Source: International Monetary Fund
- 16. Four multi-million dollar industries ready to grow right here at home: ● Agriculture ● Energy ● Transportation ● Manufacturing ● Mining Idaho Industries Ready for Cleantech Growth
- 17. Agriculture & Regenerative Ag -Ecdysis Foundation Farms with regenerative practices were 78% more profitable than conventional plots. Biochar & Organic Amendments 1. Holistic Land Managemen t 2. Cover Crops 3. No Till 4. Biochar
- 18. Energy/Waste/Ag Intersection Anaerobic digestion has the potential to abate 10-13% of current global GHG emissions (3,290 – 4,360 Mt of CO2eq). Source: World Biogas Association
- 19. Transportation Source: UCS MPG-CO2e: the fuel economy a gas powered car would have to achieve to generate an equivalent amount of pollution. Higher MPG-CO2e means less pollution. Even with electricity generation, the carbon emissions of an electric car are around 17 – 30% lower than driving a petrol or diesel car.
- 20. Manufacturing Source: Moss Adams The IRA’s core clean manufacturing program is designed to: ● Last a decade ● Be scalable ● Support development across the clean energy supply chain
- 21. Mining To achieve Net Zero critical minerals production will need to grow 6x by 2050 - IEA 2021 Net Zero by 2050 Report 21 Chart sourced from: IEA 2021 Net Zero by 2050 Report
- 22. Where do the Minerals for Li-Ion Batteries Come From? 22 Five critical minerals for lithium-ion batteries: - Lithium - Cobalt - Manganese - Graphite - Nickel Images sourced from elements.visualcapitalist.com China currently owns more than 62% of battery manufacturing
- 23. 23 “Digital assets (like cryptocurrency) can be deceiving in that they appear out of thin air, but there is real power usage behind mining bitcoin.” - Visual Capitalist Bitcoin mining is nearly 15x more carbon intensive than mining the equivalent value of gold. Gold mining vs Bitcoin Mining Comparison Reference: Visual Capitalist, source Bitcoin Energy Consumption Index, Digiconomist
- 24. Funding for Cleantech Inflation Reduction Act Attractive focus areas for startups: ○ Agtech ○ Batteries ○ Critical minerals processing ○ U.S. based manufacturing to support supply chains for: ■ Batteries ■ EVs ■ Renewable energy ○ Energy efficiency retrofitting ○ Closed-loop economy IRA invests over $50 billion in cleantech and measures to support energy efficiency, reduce climate pollution and prioritize the delivery of those benefits to low-income and environmental justice communities.
- 25. IRA = $28 Billion for Green Banks $36.8 million in projects financed in 2020 $275.7 million in private investment 81.6M Wof Renewables
- 26. Looking Towards the Future Unless we consider more ways to invest in our cleantech startups, we will quickly be out-shadowed by other regions. 1. Agriculture 2. Energy 3. Transportation 4. Manufacturing 5. Mining
- 27. JOIN US! www.cleantechalliance.org Amber Bieg, Partner 208-919-1682 cell | 208-918-1707 office deb@warmspringsconsulting.com www.warmspringsconsulting.com People | Planet | Profit Boise Entrepreneur Week 2022
Editor's Notes
- WSC is an Idaho-based, globally-connected team that sees emissions reduction strategies as a means to sustainable profits for our business and our clients. Not only do we guide our clients in how to make 'doing better' also profitable, but we also walk the talk.
- Investment in cleantech has increased substantially since the term was first popularized in the late 1990s. Today, cleantech jobs are among the fastest-growing in the United States.
- Cleantech is a subset of the technology sector which focuses on products and services that reduce the negative environmental impact of current technologies. Cleantech innovations improve operations and performance across industries ranging from agriculture to energy.
- Why Idaho? To start, Idaho is rich in natural resources that make cleantech possible: Sun, wind, minerals, available land, and good soil.
- Perhaps more importantly, Idaho is rich in innovation, particularly in the renewable energy and battery industries. Idaho is rich with smart, talented people working on the world’s biggest energy problems. Center for Advanced Energy Studies (CAES), a collaboration between INL, Boise State University, University of Idaho, and Idaho State University, hosts over 8,000 researchers working to solve the greatest energy challenges. Idaho hosts two large energy engineering firms, Power Engineers and McMillan-Jacobs, who are both leading in the energy innovation space. Idaho leads with some of the nation’s top energy research institutions. For example, Idaho National Laboratory (INL) leads research and development in batteries, solar, and grid modernization. Additionally, Idaho is host to more than a dozen B Corp companies — all of which focus on using business as a force for good.
- To support these innovators and push for smart economic policy that will create jobs in Idaho, a group of business leaders and policy advocates formed the Idaho Chapter of the CleanTech Alliance in 2020. Idaho CleanTech Alliance members are working with local leaders to position Idaho for investment in cleantech startups, leading to: Long-term jobs Economic resilience New energy solution and product export industry for Idaho
- According to Idaho cleantech entrepreneurs, the biggest barrier to growth is access to capital. China, France, Canada and others all invest in their cleantech startups. Here in Idaho, we leave those investments to the private sector, which is often unwilling to take the risk of early investment. The innovations that could grow here relocate to other places where capital can be accessed more easily.
- With existing manufacturing capabilities, China has demonstrated its initial cleantech success in the Solar and Wind sectors. Based on China’s existing manufacturing capabilities, the Solar and Energy Efficiency sectors dominated the early years of China’s cleantech development. Since then, investments in sectors such as Transportation, Water & Wastewater, and Advanced Materials have increased as China began to shift from manufacturing to innovation in the cleantech space. China has committed to the development of a sustainable low-carbon economy that will address the serious environmental challenges it currently faces.
- France has all the ingredients needed to succeed in the race to net zero: state of the art scientific research and know-how, a strong innovation ecosystem, major industrial players, international commitments, national and regional climate policies, and conscious citizens eager for environmental progress. In cleantech, pioneer venture capital players in France have increased their investments, quadrupling investments over the last 5 years: as a result, in 2021 France saw a record of cleantech investments amounting to over $1.8 billion. These investments represent nearly a quarter of the $6.9 billion invested over the last ten years.
- Canada is well positioned to flourish in the cleantech industry. In 2019, the industry accounted for 3% of Canada’s GDP. Committed to transitioning to a low-emission economy, Canada is collaborating with stakeholders and jurisdictions across the country and around the world to bring innovative and competitive clean technology to market. Canada’s low R&D costs, highly skilled workforce, wealth of natural resources and support for innovation make it attractive for clean technology development and commercialization.
- Humans directly or indirectly generate over 105 billion tons of organic wastes globally each year, all of which release harmful methane and other greenhouse gas emissions directly into the atmosphere as they decompose. These organic wastes include food waste, sewage and garden wastes, food and drink processing wastes, and farm and agricultural wastes. Today only 2% of these are treated and recycled. By simply managing these important bioresources more effectively we can cut global Greenhouse Gas (GHG) emissions by 10% by 2030.
- The major benefit of electric cars is the contribution that they can make towards improving air quality in towns and cities. With no tailpipe, pure electric cars produce no carbon dioxide emissions when driving. This reduces air pollution considerably. Put simply, electric cars give us cleaner streets making our towns and cities a better place to be for pedestrians and cyclists. In just over a year, one electric car can save an average 1.5 million grams of CO2. That’s the equivalent of four return flights from London to Barcelona.
- Manufacturing technologies for cleaner energy generation, distribution, and use represents an important opportunity for U.S. economic growth, energy security, and accelerated innovation. Likewise, enhanced energy productivity and low-cost energy represent important opportunities for increasing U.S. competitiveness across the manufacturing sector (Energy.gov). The $369 billion in climate and energy funding in the Inflation Reduction Act is the biggest-ever U.S. investment in combating climate change and promises to deliver a comprehensive U.S. clean energy industrial policy — a plan to make the US a leader in the technological innovation that is vital to combating climate change. The Inflation Reduction Act’s core clean manufacturing program, the 45X Advanced Manufacturing Production Credit, is designed to last a decade, scale up as companies increase production volume and efficiency, and support development across the clean energy supply chain.
- Unless we consider more ways to invest in our cleantech startups, we will quickly be out-shadowed by other regions. Idaho’s iGEM program has been an excellent example of what can be done with a relatively small amount of funding. $1,000,000 per year in funding. Funded 36 projects over the past 8 years. However, these grants are limited to commercializing projects that start at Idaho Universities and aren’t available to Idaho entrepreneurs not affiliated with a university. What else could we do? Set aside funding for low-interest innovation loans, managed through the Department of Commerce. Intent would be to support commercializing cleantech (this could also include clean ag-tech) innovations. This would be a competitive process with a huge boost to our economy — leading to a growth in tech jobs. While potatoes and microchips have been our legacy, maybe our future should be cleantech — supporting our microchips, food manufacturers, and other industries for years to come.
- Unless we consider more ways to invest in our cleantech startups, we will quickly be out-shadowed by other regions. Idaho’s iGEM program has been an excellent example of what can be done with a relatively small amount of funding. $1,000,000 per year in funding. Funded 36 projects over the past 8 years. However, these grants are limited to commercializing projects that start at Idaho Universities and aren’t available to Idaho entrepreneurs not affiliated with a university. What else could we do? Set aside funding for low-interest innovation loans, managed through the Department of Commerce. Intent would be to support commercializing cleantech (this could also include clean ag-tech) innovations. This would be a competitive process with a huge boost to our economy — leading to a growth in tech jobs. While potatoes and microchips have been our legacy, maybe our future should be cleantech — supporting our microchips, food manufacturers, and other industries for years to come.