Generate

Earlier this month we marked a major milestone with Pacific Steel Group, launching construction on a new steel mill in Kern County, CA. Now, as the first foundations are laid, we’re doubling down on what this project means: ? Nearly 700 local jobs in the first five years ? An 85% reduction in emissions from using steel in California We’re proud to be a partner to Pacific Steel Group, who will help accelerate the shift to lower-carbon materials while strengthening local economies. #InfrastructureTransition #GreenSteel #SustainableInvestment

We’re thrilled to welcome Paul Ross as our Global Head of Investor Solutions, a key role on our Capital Formation team. Paul joins Generate with more than 20 years of experience in financial services, most recently having served as Head of the Investment Engine at Bridgewater Associates. His experience navigating complex financial markets and fostering strategic investor relationships will prove invaluable as Generate continues to scale and provide investors with mission-driven infrastructure investment opportunities. Welcome to Generate, Paul! Learn more: https://lnkd.in/gkhqRbBK

Generate’s Scott Jacobs delivered a keynote address at the Confluence Philanthropy Practitioners Gathering. Scott’s speech centered on a key component of Generate’s thesis: “Proof, not promises, that sustainability pays.” This phrase has served as a guiding tenet throughout Generate’s decade in business, and it remains so as we enter a new era with a shifting macro-economic landscape. We’re grateful for opportunities, like those with Confluence Philanthropy, to meet with partners similarly focused on mobilizing the capital and scaling the projects needed to rebuild the world.

In the latest edition of The New York Times' Climate Forward newsletter, our CEO and Cofounder Scott Jacobs weighed in on the momentum fueling the energy transition, even amid the shifting policy landscape. Scott discussed the market mechanisms driving the adoption of resilient, sustainable infrastructure – from the need for renewables to help meet surging electricity demand to the global transition to #EVs. Read the full newsletter here: https://lnkd.in/eJ3JteBk #InfrastructureTransition #SustainableInvestment

In this month’s edition of our Generate: Intelligence newsletter, we track the latest data stories shaping the #EnergyTransition: Corporates in the US procured more renewable energy in 2024 than ever according to a new report from BNEF and the Business Council for Sustainability. Some 28 GW of corporate PPAs were announced in the US in 2024. Technology companies led the way but a record 184 deals were signed in the market from 64 different offtakers. https://lnkd.in/gNP3jYGm Recent developments in Texas demonstrate that load growth remains tricky to meet with gas: some 20% of gas capacity in the Texas Energy Fund awarded in 2024 has since dropped or been rejected. Meanwhile, battery capacity continues to grow in ERCOT, with nearly 8,000 MW of battery capacity coming online in the last five years. https://lnkd.in/geGzq4Te US clean energy and transportation investment in Q4 2024 reached $70 billion, a 6% increase from Q4 2023. Total clean investment increased 16% YoY in 2024 to $272 billion, though figures from Q4 reveal quarter-over-quarter growth is slowing. https://lnkd.in/gAGCAW_7 The 2024 tax credit data is in, and the 2024 tax credit transfer market exceeded Crux’s forecast for total deal volume, more than tripling 2023 transaction volume to total nearly $30 billion. Advanced manufacturing accounted for 34% of the 2024 tax credit market. https://lnkd.in/gKazbSXw Read more of our team’s data insights: https://lnkd.in/ge-i2mxt Subscribe for more Generate: Intelligence energy transition analysis: https://lnkd.in/g95r2_md

Today, we teamed up with our partners at Pacific Steel Group to officially break ground on a new steel mill in Kern County, CA. The steel mill – developed by PSG and financed in part by Generate – will help accelerate the transition to lower-carbon steel while revitalizing local industry. It’s expected to create nearly 700 local jobs in its first five years while reducing the emissions of using steel in California by 85% and serving as a blueprint for unlocking market-wide sustainability through creative capital. As we kick off construction, we’re also celebrating the benefits this steel mill will bring to its local California community and the broader #InfrastructureTransition. Read more about the project: - How our investment is helping mobilize the green steel market: https://lnkd.in/gfCaWDzy - How the mill will serve as a long-time community partner: https://lnkd.in/gkVdMTzS - A breakdown of the investment from Bloomberg: https://lnkd.in/gx_6bFpd ??: Pacific Steel Group

We’re thrilled to share the latest editorial from Generate’s William Sonneborn, authored in partnership with Eric Benson, CEO of Pacific Steel Group. The article was featured in The Bakersfield Californian. As we prepare to break ground on our new state-of-the-art steel mill facility in Mojave, CA – developed by PSG and financed in part by Generate – Bill and Eric spotlight how the project will support local economic development, helping Kern County reclaim the industrial and innovation jobs that have long been a staple of its economy. In addition to creating hundreds of new jobs and boosting local businesses, our partners at PSG are also working with local educators to establish pathways to employment from surrounding colleges and create long-term career opportunities. We’re very excited for the many ways this project will help support its community. Our goal is not just to operate a steel mill in Kern County, but to be a long-term community partner. Read the article: https://lnkd.in/g23s6b-6 #SustainableInfrastructure #EnergyTransition #GreenSteel

In our latest expert view for Generate: Intelligence, William Sonneborn delves into how our investment in a new Pacific Steel Group steel mill can help accelerate the transition to lower-carbon steel – and be replicated in other complex industrial sectors. As we prepare for the steel mill’s construction to commence, Bill explores how the project leverages creative financing and system-wide emissions reduction to serve as a blueprint for how creative capital can unlock market-wide sustainability. Read the article: https://lnkd.in/gfCaWDzy #SustainableInfrastructure #EnergyTransition #GreenSteel

The February edition of our Generate: Intelligence newsletter is now available on our website! This month, we’re covering the data behind investor signals for energy transition private market fundraising, well as the policy themes emerging from the first full month of the Trump administration. Our latest expert view article explores how our investment in an innovative new Pacific Steel Group steel mill can help mobilize the green steel market and serve as a blueprint for decarbonizing other industrial sectors. Read the newsletter online: https://lnkd.in/ge-i2mxt Subscribe to our Generate: Intelligence newsletter for our team's energy transition analysis: https://lnkd.in/g95r2_md #SustainableInfrastructure #EnergyTransition

The recent edition of SEMAFOR's Net Zero newsletter features Scott Jacobs' take on the five characteristics he believes makes for a good #EnergyTransition CEO right now – including mental agility to adapt to a dynamic landscape, an ability to recruit others to the mission, and a discipline to discern what matters most. Read Scott’s full response: https://lnkd.in/gfp4MgXw Read Scott’s recent open letter to energy transition CEOs: https://lnkd.in/gJKxp-pM