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This Working Life – Teacher turned energy tech investor Gerard Reid believes Government needs a better understanding of the gas import market

Gerard Reid – co-founder and Partner at Alexa Capital and a member of the Global Future Council on Advanced Energy Technologies at the World Economic Forum – chats to Mary McCarthy

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Gerard Reid is optimistic that solutions will be found to the energy crisis and to complete the green transition

Gerard Reid is optimistic that solutions will be found to the energy crisis and to complete the green transition

Gerard Reid is optimistic that solutions will be found to the energy crisis and to complete the green transition

There are massive winners in a world of high energy prices, among them gas traders. If you have access to a LNG ship you could be making €200m by filling it up in the US and delivering it to Europe.

Acting in the European interest

If I compare the Irish consumer to other countries, they have not been nearly as badly hit by the ongoing European energy crisis as the British or Germans. My own electricity bills will be doubled compared to last year but I don’t have gas. Many German gas customers are paying four times more.


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