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How energy capital will now be deployed The first essay in this series argued that the immediate phase of the energy transition will be shaped less by policy ambition and more by fundamentals, execution, and system economics. The second explored how that shift is changing the operating logic across developers, offtakers, and system operators. The natural next step is to assess how capital is responding. Projects that cannot integrate into existing infrastructure and instead d

Once ambition ceases to be the binding constraint, the energy transition becomes a question not of direction, but of operation In the first essay in this series, The Next Act of the Energy Transition , I argued that the immediate phase of the transition will be shaped less by policy ambition and more by fundamentals, execution, and system economics. That piece was concerned with diagnosis: what has changed, and why many of the assumptions that guided the last decade no longer

Why the immediate next phase of the energy transition will be shaped less by policy ambition and more by fundamentals, execution, and system economics For much of the past decade, the energy transition has been framed as a contest of ambition, how quickly technologies could be invented, how boldly governments could legislate and how decisively capital could be mobilised. The pattern is beggining to shift - what lies ahead is not a competition of vision, but of viability. As A

India’s energy transition has entered a new phase. As can be observed in recent deal flow and announcements - from global trading houses and infrastructure investors to domestic conglomerates and pension-backed platforms, capital is already moving into India’s clean energy ecosystem, often through partnerships, minority stakes, and platform build-outs. However, important caveat is that India does not reward small, fragmented bets. It rewards platforms. Scale allows capital to

Financing large-scale energy transition projects—hydrogen, SAF, e-methanol, ammonia, offshore wind, grid infrastructure—requires depth of capital and risk appetite that commercial lenders alone rarely provide. This is where Multilateral Development Banks (MDBs)  and Export Credit Agencies (ECAs)  become pivotal. Their role is not simply to “support” a project; they shape its bankability, economics, and long-term resilience. Yet their involvement is often misunderstood. MDB fi

Capital investors are starting to take note of green ammonia more seriously as global policies align behind it. Supportive frameworks from India’s SIGHT auctions, the IMO’s MEPC 83 decarbonization strategy for shipping to Europe’s H2Global and CBAM are turning what was once a climate ambition into an emerging asset class.

The energy transition isn’t stalled by technology, but by bankability. Projects falter when policies shift, risks aren’t allocated, or scale can’t be replicated. At AEC, we argue this decade demands a new playbook — one built on finance, commercial strategy, and risk discipline. Our mission is simple: to bridge capital and projects, turning ambition into investable reality across hydrogen, SAF, methanol, and beyond.