New or “wacky” biomass technology is a huge turn off for investors.
Proven technology is what investment funds really want, according to Ruby Jones, Managing Director at Matrix Asset Management, a firm which helps find finances for energy projects.
She told the audience at business network ecoConnect’s forum on biomass: “We don’t get excited by wacky technology. We’re excited by proven technologies. There aren’t many of those around.”
Raising a note of caution, she added they “stay clear of anything ‘funky’. It’s definitely not bankable.”
However others on the panel made the case for more investment.
Dr Pat Howes, Bioenergy Knowledge Leader at AEA Group countered the warning from her fellow panelist: “I can see why, but if someone doesn’t invest, there’ll be no efficiency improvements developed.”