In this episode we interviewed Caleb Waugh from Macquarie on the frontiers of energy storage investment covering grid-scale battery, hydrogen, data center backup power. 

Caleb Waugh is a Vice President in the Energy Technology and Solutions team at Macquarie Capital. Based in San Francisco, Caleb focuses on growth-equity, platform and project-level investments in energy storage, microgrids, distributed energy and vehicle electrification. He also leads development of internal proprietary techno-economic-financial models to inform investment decisions.

Caleb joined Macquarie from Lockheed Martin where he led techno-economic modelling and analytics for the energy storage business. At Lockheed, Caleb was the chief architect of high-fidelity techno-economic-financial models used to analyze emerging energy technologies and business opportunities across distributed, utility-scale and microgrid applications. Prior to joining the energy storage team, Caleb held an internal advisory role in Lockheed Martin’s CTO’s office and was responsible for early-stage energy technology scouting, incubation and overseeing a multimillion-dollar university research portfolio in the U.S. and Australia.

Caleb holds Master of Nuclear Engineering and Master of Technology and Policy degrees from the Massachusetts Institute of Technology and Bachelor of Science in Electrical Engineering and Bachelor of Arts in Philosophy degrees from Brigham Young University.