Energy

3 Items

Sovereign Venture Capitalism: At a Crossroad

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Analysis & Opinions - The Economist

Sovereign Venture Capitalism: At a Crossroad

| Oct. 03, 2018

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.

Prince Mohammed Bin Salman of Saudi Arabia

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Analysis & Opinions - The Washington Post

A 30-Year-Old Saudi Prince Could Jump-Start The Kingdom - Or Drive It Off A Cliff

| June 28, 2016

The tensions unsettling the Saudi royal family became clear in September, when Joseph Westphal, the U.S. ambassador to Riyadh, flew to Jiddah to meet Crown Prince Mohammed bin Nayef, nominally the heir to the throne. But when he arrived, he was told that the deputy crown prince, a brash 30-year-old named Mohammed bin Salman, wanted to see him urgently. Senior Fellow, David Ignatius, discusses Mohammed bin Salman opportunity to transform Saudi Arabia.

Traffic lights went out across New Delhi, India, July 31, 2012, causing traffic jams. India's energy crisis spread over half the country when both its eastern and northern electricity grids collapsed, leaving 600 million people without power.

AP Photo

Analysis & Opinions - The Boston Globe

Fear the Grid

| August 2, 2012

"India's woes should strike a warning for modern nations to invest in themselves and in the networks and infrastructure that unite their citizens. It's important to be a competent nation....It means that the lights go on, trains run on time, and a capital city — whether it is New Delhi or Washington, which suffered its own debilitating blackout last month — continues to function."