Who is known for their scientific prowess? A16z and with sprawling investments in web3? Capital is capital. We should be cheering on these types of investments regardless. Electric motors have been around for a looong time as well..

The VC and investment world in energy technology is quite different then the A16z and traditional VC world or financial heavyweights.

Having had GS invest in companies in the energy tech space in the past and having not particularly great success - I wouldn't think this is a strong signal. More that the financial heavyweights think there is action and they want to get in.

Goldman has army of analysts that are covering the field. Many many more than Even VCs that specialize in it. I would definitely write them off when it comes to smart investing.

Financial analysts != energy technologists with a scientific background.

Its small money on a broad industry bet thats all in an economy with very few quality investments available. Don't read too much into it.

So you think it's in GS's best interest to make uninformed decisions on a continual basis?

Seriously?

Put another way it sounds like a corporate investor or VC into an industry they know a little about but have heard good things. Goldman Sachs is not known to be a good energy investor. Who knows maybe now they are.

Never said it was uninformed. I was implying that this really isn't a big deal except for the company who got invested in.

the governments should invest instead i agree but it doesn't hurt if a private venture can help us all