- Secretary John Kerry has joined Galvanize Climate Solutions as co-executive chair. - He will work alongside co-executive chairs Tom Steyer and Katie Hall to combine climate expertise with investment talent. - Galvanize is focused on generating long-term value through the energy transition by investing across various asset classes. - The firm draws on expertise in science, technology, market development, policy, and geopolitics for its investment strategies. - As more climate solutions gain commercial viability, private sector capital is needed for scaling. - Tom Steyer highlighted Kerry's reputation as a leading climate statesman and his ability to expand the firm's global scope. - Secretary Kerry will aim to enhance Galvanize's investment resources and leverage his knowledge of technology, policy, and geopolitics. - He believes the energy transition is accelerating, driven by policy and technological trends. - Kerry expressed confidence in Galvanize’s role in delivering competitive climate solutions. - Katie Hall noted that climate initiatives present profitable opportunities that meet market demands. - Galvanize Climate Solutions was founded in 2021 and aims to accelerate commercially competitive solutions across sectors of the economy.

Secretary John Kerry Joins Galvanize Climate Solutions As Co-Executive Chair

The 68th U.S. Secretary of State and former U.S. Special Presidential Envoy for Climate joins investment firm to scale commercially competitive climate solutions

October 07, 2024 12:00 AM Eastern Daylight Time

SAN FRANCISCO--(BUSINESS WIRE)--Galvanize Climate Solutions (“Galvanize”), an investment firm focused on generating long-term value from the energy transition, today announced the appointment of Secretary John Kerry as co-executive chair. He will be working closely alongside co-executive chairs Tom Steyer and Katie Hall combining the insights and experience of the world’s leading climate statesman with the firm’s blue-chip investment talent.

The firm invests across asset classes, including venture capital and growth equity, real estate, and public equities. Each investment strategy draws upon the firm’s expertise across science, technology, market development, policy, and geopolitics. As more climate solutions become commercially viable, outcompeting incumbent products and services, they require private sector capital to continue to scale. Galvanize believes this creates an environment primed for climate investors who understand the drivers of value creation in the transition.

“Secretary Kerry is a bridge-builder, calling people in rather than calling them out. Having worked on solving the climate crisis since the Rio Earth Summit, all the way through big breakthroughs from Paris to Dubai, he has earned his reputation as the world’s leading climate statesman,” notes Tom Steyer, the firm’s co-executive chair. “This unparalleled knowledge, credibility, and convening power will help Galvanize to expand the firm’s global scope, scale solutions across asset classes, and generate compelling returns.”

Secretary Kerry’s role will focus on expanding the resources and reach of Galvanize’s investment strategies, originating differentiated opportunities, and leveraging firsthand knowledge as to how technology, policy, and geopolitics are shaping the energy transition.

“The energy transition is well underway and is only set to accelerate, driven in part by policy but more so by inexorable technological trends. I am convinced that Galvanize is positioned to play a key role in bringing competitive, commercially viable solutions to market and generating long-term value,” said Secretary Kerry. “Tom is someone I've known and trusted for years. I have sought his counsel as a creative and accomplished investor, and I'm deeply impressed with Katie's skill in building successful investment businesses. We share the thesis that the climate transition is one of the most important secular trends in markets over the coming years and will have a meaningful impact across all sectors of the economy.”

“Secretary Kerry shares our conviction that climate is good business because it’s delivering something that the market demands, whether its profitably decarbonized commercial real estate, technologies that help companies clean up their supply chains and reduce risks, or providing clean energy to match growing global demand,” adds Katie Hall, the firm’s co-executive chair.

ABOUT GALVANIZE CLIMATE SOLUTIONS

Galvanize Climate Solutions (“Galvanize”) is a global investment firm focused on generating long-term value from the energy transition. Founded in 2021 by Katie Hall and Tom Steyer, and led by co-executive chairs Hall, Steyer, and Secretary John Kerry – Galvanize invests across asset classes including venture capital and growth equity, public equities, and real estate, to accelerate commercially competitive solutions, products, and services. Built by investors and operators with decades of experience scaling multibillion dollar strategies, Galvanize is structured to identify and execute on investment opportunities across all sectors of the economy faster than others. Its model pairs best-in-class institutional investment talent with domain expertise across technology, science, market development, policy, geopolitics, and other factors shaping climate landscape.

Contacts

Kate Bassett
VP, Marketing & Communications, Galvanize Climate Solutions
kate.bassett@galvanizeclimate.com