The Future Trends Blog Post #1: Day one; winds of change
To coincide with the third anniversary of the Heptagon Future Trends Equity Fund in a UCITS format, we are excited to announce the launch today of the Future Trends Blog. Over the last 8 years, we have consistently sought to uncover new and emerging themes (or future trends), track their evolution and identify the best ways of investing in them within our Fund. Our Blog represents a natural complement to this approach and provides a platform to share with our investors some of the original thinking we are doing.
We plan to publish the Blog whenever we uncover pertinent insights (first Blog below) we consider worth sharing, but intend this to be no more than twice a week. Initially, our Blog will be available via Heptagon Capital’s website and also published on Heptagon’s LinkedIn page. Should you wish to receive our postings directly via email, then please respond to this message.
We welcome any feedback you may have. Happy reading!
“This is day one” writes Jeff Bezos, founder and CEO of Amazon, at the start of his first ever letter to shareholders in 1997. Such a mentality, which pervades consistently the philosophy of one of the world’s most successful businesses, is a crucial one in our opinion; it is something we consistently strive by too. What we believe Mr Bezos meant by this observation does not stand a million miles away from the quote by Charles Darwin that has appeared in much of our literature on future trends – namely, that the species which survive are those “most responsive to change.” It is against this background that today (and on every occasion going forward) is ‘day one’ for our Future Trends Blog. Its purpose is to share with you new and original insights into future trends that we uncover. These learnings help us better understand the future and then how best to invest it.
Where better to begin than with renewable energy? A recent press release from Vestas, the world’s largest producer of wind turbines, caught our eye. In it, the business announced that it had just passed the milestone of being the first company globally to install 100GW of wind turbines. While everyone likes the beauty of round numbers, perhaps the best way of quantifying the magnitude of this achievement is to note that it is equivalent to around 10% of the world’s total installed wind and solar capacity. More impressively, such a level of installation has, according to Vestas, saved approximately 129m tonnes of carbon dioxide annually. This is equivalent to the emissions that would have arisen from, say, 141bn pounds of burned coal or 298m barrels of oil.
We continue to see a compelling case for wind going forward. The runway is certainly significant, given that renewable energy accounts for only 10-20% of all installed energy capacity globally (depending on the definition used). Nonetheless, not only is wind free and plentiful, but it produces no carbon dioxide, no greenhouse gases and no hazardous waste. It is also increasingly cost competitive. This remains day one for the wind industry.
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