insights

Clean Tech – Trends Moving Past Inflection Point

Our Essex Global Environmental Opportunities Strategy (GEOS) investment philosophy is rooted in a long term perspective with an investment horizon meaningfully beyond the brief attention span of today’s average investor.  The secular trends we are positioned for with GEOS, and have been articulating over the past several years are reflected in the strong performance for clean technology stocks this year. ... Read more ›

Math Homework, with Extra Credit

Bill McKibben of 350.org has toured U.S. college campuses with a nation-wide “Do the Math” tour to convince students to take action, pressuring university endowments to divest from fossil fuels:  http://math.350.org/.  The “math” refers to acceptable allowances and limits of carbon and other greenhouse gases (GHGs) that can be released into the atmosphere, before global climate change is exacerbated.  We... Read more ›

Information Flow in the Micro Cap World

Over the past 20 years, the amount of information available on financial markets has exploded due to the emergence and proliferation of the internet and social media.  Instant reporting of news followed by instant analysis has become the norm.  However, there are few quality control measures on the web as the medium is open to all.  Although this democratization and... Read more ›

Clean Tech 2.0 – Megatrends In-Tact, Survivors Emerging

“Survive first, and make money afterwards.” - George Soros In managing the Essex Global Environmental Opportunities Strategy (GEOS) we remain strictly focused on environmental technology, with financial analysis an equally important component of our investment process.  During a very difficult period for clean tech investing, we have consistently executed our investment philosophy and process, ensuring GEOS is the nexus of... Read more ›

Water: A Complex and Precious Resource

“We never know the worth of water, ‘til the well is dry.” Thomas Fuller, English Proverb, 1732. In managing the Essex Global Environmental Opportunities Strategy (GEOS), we invest across nine clean technology themes.  A key GEOS theme is water, which is a complex and precious resource.  Water is localized, with its presence a critical catalyst to rates of economic growth. ... Read more ›

Will 2013 be the Year of Biofuel?

Since the initial public offerings of the first tranche of second generation biofuel companies in the spring of 2010, the performance of the stocks has been staggeringly poor.  The five higher-profile biofuel companies (Codexis, Amyris, Gevo, Solazyme and KiOR) that went public over a 14-month span from April 2010 have experienced stock price declines averaging nearly -74%.  In addition, at... Read more ›

Despite Misconceptions, Clean Tech Takes Hold

While misconceptions regarding the state of clean tech investing have run rampant, we believe the long-term case for new and clean energy technology grows stronger by the day.  The longer-term secular catalysts for clean tech and new energy infrastructure continue apace, driven by massive economic transitions in the emerging markets which are placing great stress on the world’s natural resources. ... Read more ›

A Practical Approach for the Student Activists

We read with interest an article in The New York Times on 12/5/12 entitled “To Stop Climate Change, Students Aim at College Portfolios”.  In short, there is growing movement among college students lobbying the overseers of university endowments to purge investments in fossil fuel companies.  This effort is being compared to the anti-apartheid campaign to pressure endowments to divest from... Read more ›

Why We Do What We Do

As investors focused on finding companies that solve some of the world’s greatest challenges, we have been continually reminded lately of the “bear” case surrounding clean technology investment.  Among hedge funds, it has become the easiest play in the playbook to short anything and everything related to solar energy, wind power, electric vehicles, advanced batteries, and biofuel, with little regard... Read more ›