Insights

The Gist is the monthly newsletter of The Ad Hoc Group that covers everything at the intersection of climate tech and policy. Subscribe at the link here to have The Gist mailed to your inbox each month.

Gist November 2025

The Ad Hoc Gist: Who Pays For a Resilient Grid?

The grid is reaching a breaking point. Utilities say they need a trillion dollars for upgrades by 2030. Regulators say: prove it. Somewhere between California’s wildfire zones and Florida’s hurricane corridors, we’re entering a period where every investment decision carries real political and economic consequences.

The core question is no longer whether we need a more resilient grid. It’s how much resilience is enough and who pays?

On last week’s Open Circuit podcast, my partner Julia Hamm joined hosts Stephen Lacey, Katherine Hamilton and Jigar Shah to cut through the noise and explain what’s happening behind the scenes. Julia and Jigar also went at it a bit, which I always find entertaining! Read this month’s Gist for the key takeaways.

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The Ad Hoc Gist: How Urbint’s $325M Exit Proved Many VCs Wrong

Itron recently announced its $325 million acquisition of Urbint, marking a significant exit in the climate resilience software space. The deal comes at an interesting time. Climate tech M&A exits are down 25% year over year, yet acquisitions now represent 92% of all exits in the sector.

We sat down with Urbint founder and CEO, Corey Capasso, one of AHG’s first clients, to discuss what this exit signals for founders selling to utilities and how the utility market has transformed from a graveyard for startups into fertile ground.

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The Ad Hoc Gist: AI is Transforming Weather Forecasting

Weather forecasting is undergoing a period of rapid transformation driven by AI and surging demand for more precise, local, and actionable information. In an age of increasingly destructive extreme weather, the right weather intelligence can be the difference between safety and calamity.

In this month’s Gist, we spoke with meteorologist Sunny Wescott and Matt Stein, CEO of Salient Predictions, about why utilities still get caught off-guard by predictable storms, how AI is reshaping risk assessment and complementing physics-based models, and what it really takes to embed weather intelligence into daily operations.

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People as Moat – Ad Hoc Expands into Search

In climate tech, we talk a lot about, well, technology. But talk with most CEOs and they’ll share that the hardest part of their job is figuring out how to hire and retain the right people. In my experience, a company’s ability to hire and effectively onboard the right people is what differentiates successful businesses from those that falter. Because, as a CEO, you can have a great vision, but if you don’t have the right people, you can’t execute it.

A Conversation with Vida and Devin

We invited two leaders, Devin Hampton, CEO of UtilityAPI, and Vida Asiegbu, principal at Energy Impact Partners, for a candid conversation on equity and representation in the energy transition.

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Silicon Valley Bank Collapse Could Slow the Transition to Clean Energy

The bank cast a wide shadow over climate tech, with half the start-ups in the sector doing business with it.

The collapse of Silicon Valley Bank has created new challenges not just for the nation’s banking system, but also for the Biden administration’s climate agenda, following a harrowing weekend in which many major clean tech companies faced insolvency.

Read More @ Washington Post

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Investors Putting Billions Into Climate Tech Don’t Plan to Stop

Bill Gates is worried about a dark period ahead for the global economy. “We’re going to go through a winter period for a number of years,” he warned a room full of go-getting green entrepreneurs last week, lamenting at a TechCrunch event that their success had come up against bad timing.

Read More @ Bloomberg

Hear more from our leadership on My Climate Journey and Technopolis.

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