The Purpose of this Website
This website is designed to advance our mission of mobilising trillions of dollars in support of the energy transition. It serves as a hub for deep, objective investment insights and as a meeting place for a community of investors who can both contribute their expertise and channel the capital needed to drive the energy transition
Our Community
True North Institute serves two primary audiences:
- Chief Investment Officers (CIOs) of the world’s capital owners — including sovereign wealth funds, pension plans, endowments, foundations, and family offices, both large and small.
- Investors driving the global energy transition — the specialist teams within those same institutions, as well as asset managers across public equities, venture capital, private equity, and infrastructure.
Featured Research
Here we feature a selection of the True North Institute's most important and influential research for both communities – Institutional CIOs and energy transition investors.
How Climate Tech First-of-a-Kind (FOAK) Projects Get Financed
This white paper explores how 18 pioneering climate technology companies overcame the notorious “valley of death” – the funding gap between proven pilot projects and full-scale commercial deployment. It identifies a clear funding pattern for First-of-a-Kind (FOAK) facilities: a blend of early-stage venture capital, government grants or loans, and strategic corporate investments or offtake agreements.…
OpenMinds: Accelerating Energy & Climate Progress
The “Accelerating Energy and Climate Progress” document from OpenMinds addresses the dual challenge of meeting growing global energy demands while reducing emissions. It highlights that while energy consumption and access to it have improved global living standards, increasing CO2 concentrations are causing dangerous climate change. OpenMinds emphasises the need to change the current trajectory of…
Chart of the Month
We estimate that approximately $7.9 trillion of market value has been created in the last 30 years from energy transition companies, mostly in the EV, battery, solar and wind sectors. We further estimate that $5.9T of this has been grown inside publicly listed “brown” companies turning “green” such as Iberdrola ($118B), SSE ($28B), China Yangtze Power ($102B) and PG&E ($30B). $2.0T of value creation has been in wholly new companies created primarily over the last 30 years, with $1T in the form of Tesla, $161B in Chinese battery producer CATL and $141B in Chinese EV company BYD. The bulk of other large energy transition success stories have less than $20B in market cap today and only 10 of these with more than $10B (<$20B).
