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Damien Klassen

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 Battery

Damien Klassen runs asset allocation and global stock portfolios for Nucleus Super, Nucleus Ethical and Nucleus Wealth. His 25 year+ career includes Global Quant at Schroders, Strategy at Wilson HTM & co-founder of Aegis.

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Damien Klassen

Ignore the electricity grid

There has been a lot of talk lately about electric vehicles and their impact on the electricity grid. Some say we can’t transition to renewable energy because electric cars will swamp the grid with demand. GMO’s Grantham was the latest of a long line who are concerned. I can’t make the numbers add up to anything like a problem. I have never seen anyone who claims the grid can’t handle a transition to electric vehicles express the problem in numbers that make sense to me.

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