NEW YORK – The Altru Institute has announced the formation of a Global Energy Future Consortium to unite key players in the energy transition to address the global energy and climate crisis.
The Energy Future Consortium's is a platform to identify and showcase the most promising breakthroughs and proven solutions in clean energy. The Consortiums will anchor for Altru’s Climate Project which is advancing efforts to meet the global energy demands without destroying the planet.
The Consortiums will build a pipeline of promising technologies and companies and help these firms access global partnerships. “Solutions that work in one market should expand to 50 markets, then 500," said Brett Johnson, CEO of the Altru Institute—a New York and Davos-based think tank focused which addresses complex challenges through collaboration. “Helping innovations access the resources they need to succeed and to scale globally is the only viable way forward. Solutions exist, the challenge is to provide them with visibility and high-quality resources to achieve their potential.”
a pipeline of promising technologies and companies to access global partnerships. Solutions that work in one market should expand to 50 markets, then 500.
The first Consortiums now being formed for Hydrogen. Others slated to begin later this year include Waste to Energy, and Nuclear. In each case the effort is to build an expansive database of nearly every venture globally with an emphasis placed on those which be scaled globally.
The Consortium is also the home for the ecosystems critical to success, which comprises associations and professional societies, media, conferences, experts and investors. Making it easy for the key actors to connect is how collaborations occur.
Leading players recognize such. “It is a struggle to keep up with the innovation occurring, particularly at the small and early companies where cutting-edge work is occurring. This is a truly valuable service good for everyone,” said Pat Maher a technology development executive at GE Vernova, one of the world’s leading energy technology companies.
With a presence in both New York and Davos, Switzerland, the Altru Institute has a global reach, facilitating cross-border transactions, licensing, and joint ventures. Raising global awareness among key stakeholders will enable companies to monetize their technology through cross-border licensing and joint venture arrangements.
Raising global awareness among key stakeholders will enable companies to monetize their technology through cross-border licensing and joint venture arrangements.
The first Consortium for Hydrogen will launch in September and has already begun enrolling members, including Infener—a German firm building hydrogen hubs and residential energy systems—Wild Hydrogen, a UK-based company producing affordable, carbon-negative green hydrogen, BoMax Hydrogen, a US company generating hydrogen from water, and CHAR Technologies, a Canadian firm using woody waste to power steel plants.
“We are pleased to be part of this important effort. Supporting breakthrough innovation is essential. This can play a central role in meeting global energy needs,” said James Milner, co-founder and CEO of Wild Hydrogen. “This initiative fills a critical need and will be of great service to all involved worldwide.”
The Climate Project grew out of the Institute’s 2020 meeting in Davos Switzerland in which the key focus was climate and partly inspired by initiatives at the World Economic Forum and its First Movers Coalition project.
The Consortium is now reaching out to organizations to enroll them in this collaborative effort and will soon introduce its founding membership offer. For more information visit www.altruinstitute.com.
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