Energy Transition Investment: Returns, Reform, and Real Impact, Jonathan Hick, Triple Point
- S1E43
- 39:47
- May 29th 2025
In this episode of the Hypercube Podcast, Adam sits down with Jonathan Hick, Head of Energy Transition & Fund Manager at Triple Point, to unpack the realities of energy transition investment – beyond the ESG hype.
Jonathan shares his journey from the post-2008 financial crisis to leading one of the UK’s most innovative impact-led investment teams. At Triple Point, he’s helping drive capital into the climate transition across debt and equity, tackling everything from battery storage to transport and building decarbonisation.
The conversation dives into the challenges of pricing risk in an environment where gilts yield more than solar farms, why long-duration storage and co-location aren’t being properly valued, and how Triple Point assesses returns in markets shaped by REMA, grid reform, and regional regulation. Jonathan also unpacks the investor mindset — it’s not about sacrificing returns to do good, but about designing projects that generate strong returns because they accelerate the energy transition.
Adam and Jonathan discuss:
- Why pricing risk properly matters more than ever in a post-subsidy, high-rate world
- The real reason long-duration storage and co-location are still underdeveloped
- How Triple Point balances debt and equity to unlock complex energy projects
- What grid reform and REMA mean for investor confidence and project pipelines
- Where Europe’s energy capital is heading - and why smart regulation makes all the difference
Useful Links
Connect with Jonathan: https://www.linkedin.com/in/jonathan-hick-a302101b/
Visit Triple Point's website: https://www.triplepoint.co.uk/
Join Hypercube's Beyond Energy Community: https://wearehypercube.com/join-the-community/
The Hypercube Energy Podcast
The Hypercube Energy Podcast explores the application of technology, data and AI across the energy sector.
In the fast-moving energy landscape, organisations of all sizes need to understand and adopt emerging tech to tackle complex problems, identify new areas of innovation and capitalise on opportunity.
What should an energy technology strategy look like?
How do we identify what problems to solve first?
What innovations are being made in the industry?
These are the questions that host Adam Sroka seeks to answer on this show.
In each episode, he sits down with tech experts and business leaders from the energy sector to understand exactly how they are solving energy-specific data challenges today.
You can learn more about Hypercube - Energy Technology Partner at wearehypercube.com
Join the Beyond Energy Community: wearehypercube.com/join-the-community/