Sunday Quick Hits

Watching, Reading, Listening

Welcome back to Wicked Problems. The climate tech newsletter our stepson says is like a drunk Wall Street Times [sic] - but better.

1. Infrastructure player KKR confirmed it has invested $750m into Zenobe, the UK grid battery storage and fleet EV charging soonicorn (I guess it’s unicorn, now). When asked by Bloomberg whether that’s “an awful lot of money”, KKR’s Raj Agrawal agreed - but added, “it’s a drop in the bucket compared to the trillions that are required for decarbonisation. We think the opportunity is multiples of the $750 we’ve committed to Zenobe. But when we look at Zenobe’s growth opportunity, not only in Europe where it has a significant presence, but in the US, in Australia, in other geographies, we think the growth opportunity is multiples of the $750m. With our cap, combined with that from our partners Infracapital, and the good work of…