Case Studies


  • Beyond Power: The Broadening Scope of Greenhouse Gas Policy By: Eric Scheriff October 19, 2021 — Capstone recently held meetings on the policies driving the energy transition with the Biden administration’s Secretary of Energy Jennifer Granholm, Congresswoman Lizzie Fletcher of Houston (D-TX), and sustainability-focused executives from several companies—including First Solar, Delta Airlines, Bloom Energy, Renewable Energy Group, and Hannon Armstrong. The takeaways from these […]Learn More
  • Opening up EPA’s PFAS Toolbox: How One Little-Understood Statute Could Be the Key to PFAS Regulation By: Gianna Kinsman October 12, 2021 — As the Biden administration ramps up work to fulfill its campaign promise to control per- and polyfluoroalkyl (PFAS) chemicals, and it becomes clearer that manufacturers of the so-called “forever chemicals” face mounting risk of corporate liability and litigation, much of Capstone’s discussions with clients have centered around two […]Learn More
  • The Coming Cement Goldrush By Andrew Gier, CFA August 3, 2021 — When it comes to climate policy, states, and California in particular, are often laboratories for policies that become more widespread and widely adopted. These policies are likely to build on lessons learned while developing existing programs and include models that have already proved successful in other areas. […]Learn More
  • EU to Prioritize Green Energy in Trans-European Regulation July 12, 2021 — Each month, Capstone’s EU Energy Team highlights impactful policy developments investors should pay attention to. Below, read an excerpt from the latest publication. EU “TEN-E” Rules to Phase Out Funding Oil and Gas; Exemptions for Malta and Cyprus GasCapstone believes the European Parliament will increase its emphasis on renewable energy when it […]Learn More
  • WA State’s Low Carbon Fuel Standard a Harbinger of Things to Come May 18, 2021 — The Washington State Legislature passed HB 1091, legislation implementing a Clean Fuel Standard, on April 25th. The state’s market-based program is modeled after California’s Low Carbon Fuel Standard (LCFS) and signals a growing trend we believe will spread to other states. Washington will likely become the third state to enact a […]Learn More
  • Biden Makes Fission Fashionable Again Through a Fuel-Neutral Clean Energy Standard April 20, 2021 – Capstone believes nuclear power producers would be an underappreciated beneficiary of President Biden’s proposed Energy Efficiency and Clean Electricity Standard (EECES)—a crucial part of the administration’s infrastructure plan, designed to achieve 100% clean energy by 2035. This note explores how the EECES could be structured and how the debate is likely […]Learn More
  • Charts of the Month: SPACs, ERCOT, Medicare Advantage Reform, and CA Clean Energy Capstone’s Charts of the Month highlight regulatory, legislative, and policy-driven developments that investors should be paying attention to. All graphics were recently published in Capstone research.For more information on any issue, contact this edition: 1. SPACs: SEC Scrutiny Unlikely to Undermine Market; No Momentum for Impactful Legislation2. California’s Vision for 100% Clean Energy Will […]Learn More
  • Charts of the Month: Cruises, Climate Change, and Credit Servicers Capstone’s Charts of the Month highlight regulatory, legislative, and policy-driven developments that investors should be paying attention to. All graphics were recently published in Capstone research. Learn More
  • EU Plastics Regulations to Present Headwinds for Dow Inc, LyondellBasell By: Dhanush ArunJanuary 11, 2021 – Capstone believes the European Commission’s Single-Use Plastic Directive (SUP)—effective July 2021—signals a growing trend toward stricter packaging regulations that will lower demand for single-use plastics in the European Union, developments we believe the market is underappreciating. We believe this will lead to a reduction in polymers used in the […]Learn More
  • Six Policy Catalysts Driving the Battery Storage Industry June 9, 2020 – On June 8th, Capstone held a conference call exclusively for clients with the Energy Storage Association (ESA) to review the federal and state policy landscape and the probabilities of congressional action to extend clean energy tax credits. We believe there are strong market signals for battery storage and other forms of […]Learn More