Philippe Detours is a General Partner with Demeter and a member of its management board. He is responsible for the infrastructure investments of Demeter via two funds: Demeter 4 INFRA and the Fonds de Modernisation Ecologique des Transports (FMET).
Prior to joining Demeter, Philippe worked 8 years with Macquarie, performing financial advisory, investment and fund raising for Macquarie European infrastructure funds. Before Macquarie, Philippe spent 11 years in the investment banking industry, between Hong Kong, Paris, Amsterdam and London, successively with Credit Agricole Indosuez and then with ABN AMRO Bank N.V. Group.
What do you consider as the main challenges at stake in the development of e-mobility?
Electric mobility is expected to grow significantly in the coming years. This new sector will nevertheless need to face two main challenges to achieve in a not too distant future its transformation into a real industry.
The first challenge is related to energy, and more specifically how to allow for the rapid deployment of fast charging stations without compromising the viability of electric transmission and distribution networks. Substantial investments will be required to upgrade the grid. In parallel, the development of smart grids, the already observed diminution cost of storage (which will continue), the anticipated development of vehicle to grid solutions are key success factors of the electric mobility.
The second challenge is a financial one. Electric mobility needs to find its financial model, especially for the rapid deployment, at the European level, of an adequate charging infrastructure network.
How is Demeter involved in this sector? What are the main projects?
Demeter has been focusing on the investment in the environment and energy transition sectors since more than ten years. Electric mobility has always been on our radar screen as one of the most promising emerging markets. We invested into companies like IES (EV charging stations manufacturer) and Comarth (electric vehicles producer).
More recently, with the Fonds de Modernisation Ecologique des Transports (FMET), Demeter is positioning itself as a pioneer in the financing of the required infrastructure networks for the development of electric mobility. Our recent investment into Gireve is a first step in this strategy, other investments from FMET in electric mobility are expected soon.
What do you expect from this Forum ?
There are many stakeholders gravitating around electric mobility which is an emerging industry, it is therefore very useful to gather most of the key players of the industry in the same location, so that we can know each other and understand how we might work together.