Climate Changed
Big Data Could Bring Upside to Renewables Investors
- Innovation may not be priced into solar, says Makena’s Banks
- Also sees opportunity for data, tech in electric cars, water
Photographer: Michael Nagle/Bloomberg
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Technology and big data will change how electric grids are organized and water is transported, creating upside for sustainable investors that may not be priced in today, says Lara Banks, a managing director at Makena Capital Management, which oversees about $19 billion.
Banks, who oversees portfolio management and manager selection for natural resources at the Menlo Park, California-based firm spoke to Emily Chasan on Nov. 6. Comments have been edited and condensed.