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Thierry Lepercq
Professional Background
Thierry Lepercq is a seasoned professional known for his significant contributions to the energy and finance sectors. With an impressive career spanning multiple high-profile roles, he has consistently demonstrated his expertise in technology, research, and innovation. As the founder of Soladvent, he has positioned himself as a pivotal figure in driving sustainable energy solutions forward.
Previously, he served as the Executive Vice-President in charge of Research, Technology, and Innovation at Engie, where he played a crucial role in advancing the company’s renewable energy initiatives. His tenure at Engie allowed him to harness the power of innovation to enhance the company’s competitive edge in a rapidly evolving energy market.
Thierry also held the position of President at Solaire Direct, reinforcing his commitment to solar energy and sustainability. Under his leadership, Solaire Direct positioned itself as a key player in the solar energy industry, contributing to significant growth and technological advancements. His strategic vision was instrumental in navigating the complexities of the renewable energy landscape.
In addition to these roles, Thierry has a rich background in corporate finance, having served as the Chief Executive Officer at Netscapital and as the Director for Corporate Finance at Oddo & Cie. His financial acumen and strategic thinking were essential in guiding both organizations toward achieving their business objectives.
His expertise is not limited to the corporate world; Thierry has also authored works in various publications, showcasing his depth of knowledge and insights into the energy sector and business strategy.
Education and Achievements
Thierry Lepercq’s academic foundation was established at the prestigious Ecole Des Hautes Etudes Commerciales, where he gained valuable insights into business administration and management. The education he received at this esteemed institution has undoubtedly played a vital role in shaping his career and approach to leadership.
Thierry’s achievements in the renewable energy sector are commendable. As a pioneer in solar energy through his founding role at Soladvent and as President of Solaire Direct, he has helped catalyze the shift toward sustainable practices in energy generation. His influence in promoting research and technological innovation at Engie has driven forward-thinking strategies that align with global sustainability goals. His work has not only contributed to his organizations’ successes but has also positively impacted the communities they serve.
Thierry’s dedication to advancing knowledge is evident through his contributions as an author for a book publishing company, where he has shared his expertise with a broader audience, fostering education and awareness around pivotal issues in energy and corporate finance.
Achievements
- Founder of Soladvent: Established a company focused on solar energy solutions, emphasizing innovation and sustainability.
- Executive Experience at Engie: Led research and innovation initiatives, significantly impacting renewable energy strategies and applications.
- Leadership at Solaire Direct: Drove the company’s growth and development in the solar energy sector, contributing to advancements in renewable technologies.
- CEO of Netscapital: Oversaw the company’s strategic direction, reinforcing the importance of finance in supporting innovative ventures.
- Director, Corporate Finance at Oddo & Cie: Provided strategic financial guidance that contributed to robust business decisions and outcomes.
- Author: Contributed writings to the field of business and energy, sharing insights and expertise with a wider audience.
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Highlights
Two momentous - and apparently contradictory - events have marked the world of green hydrogen in the last few days. They are indirectly paving the way for a true, long awaited, industry takeoff.
The CEO of TotalEnergies just revealed that their huge 500 kt/y tender was showing very high prices (around 8 €/kg), making it an unworkable economic proposition (https://lnkd.in/d3mx_NWn), as it would require up to 7 €/kg in subsidies.
This is unsurprising. It is common industry knowledge that North Sea offshore wind-based hydrogen, low-carbon grid-powered hydrogen and hydrogen from cracked imported green ammonia (itself developed by TotalEnergies' own subsidiaries) all yield prices between 6 and 9 €/kg.
Simultaneously the European Hydrogen Bank tender allocations have yielded opex subsidy demands as low as 0.38 €/kg, seemingly in contradiction with the TotalEnergies findings (https://lnkd.in/dPStJijB).
This is unsurprising too. The EHB auction was not about hydrogen prices, just subsidy requests. Considering the wild imbalance between the number of candidates (132) and awarded projects (7), opportunistic bidding strategies had to be implemented. Better secure some (if minimal) opex subsidies while trying to grab other (capex) subsidies and hope for potential generous offtake - which is ultimately unlikely to ever materialize for long-term contracts with large volumes, as confirmed by TotalEnergies.
These inconclusive tenders show it clearly: the time has come to establish an industrywide marketplace matching demand (which exists in tens of millions of tons in Europe based on a delivered price of 2.5 €/kg - a rough equivalent to current oil prices) with North Africa piped green hydrogen, combining the best solar and wind ressource globally with the cheapest transmission route, the only pathway to reach the competitiveness levels demanded by the market.
Such an initiative will be announced in the coming months (https://lnkd.in/dJCwmjxu). The market-based green hydrogen boom might well be around the corner. Beware fossil fuel barons! Climate advocates rejoice!
I took this picture of Franz Josef glacier in New Zealand (or what remains of it) a couple of days ago. It looks beautiful but it is actually scary. I was standing at the same place in 1990 and the valley was then full of ice, running several kilometers down. Now the glacier is virtually gone, and a luscious, almost surreal, rainforest has prospered with higher temperatures and more carbon in the atmosphere. It is a bizarre thing to personally witness such a drastic change in a bit more than a generation. There is no escaping it, notwithstanding the current cold snap in Europe: we are now past the climate tipping point, a new planet is emerging, countless species will disappear (including possibly our own), others will thrive, like small mammals which survived the dinosaur extinction event 66 million years ago. We need to talk about extinction. Maybe an issue to add to mitigation and adaptation at future COPs?
