The Illusion of Crowds with Francis O’Sullivan

On paper, capital is pouring into the energy transition. But where is it actually going? In this episode, Sanjeev Krishnan sits down with S2G Managing Director Francis O'Sullivan to unpack his new paper, "The Illusion of Crowds," a five-year, data-driven look at how $88 billion across 6,400+ deals has really been deployed, and why the market is far more concentrated than the headline numbers…