Venture capital is an effective source of money for scaling companies quickly. But what if your company needs 15 years to prove itself?
That’s the time horizon for many “tough tech” companies in energy that are developing new semiconductors, industrial processes, chemical production methods and long-duration storage innovations.
The first cleantech bubble showed the limits of VC in backing tough, capital-intensive tech. So we are asking: Can venture capital ever step up to the big industrial-scale challenges of our day? Wind, solar and lithium-ion batteries are growing — but what about the difficult decarbonization solutions for heavy industry?
Our guest, Katie Rae, believes it can. Katie is the CEO and managing partner at The Engine, a venture firm based in Cambridge, Mass. that invests in a wide-ranging sector she calls tough tech. Katie joins us to explain why she’s hopeful that startups doing difficult things are finding more opportunities to connect with investors. You can also learn more about The Engine’s upcoming Tough Tech summit next week.
- Fortune: Why This Venture Capitalist Is Tackling 'Tough Tech'
- Listen to our previous Interchange episode on why cleantech VC is back
- Vox: This Climate Problem Is Bigger Than Cars and Much Harder to Solve
Support for this podcast comes from PG&E. Did you know that 20 percent of EV drivers in the U.S. are in PG&E’s service area in Northern California? PG&E is helping to electrify corporate fleet vehicles. Get in touch with PG&E’s EV specialists to find out how you can take your transportation fleet electric.
More Than Meets The Eye With Renewable Energy. Most people assume they have renewable energy all figured out. You’re probably familiar with the typical forms of it, like solar and wind. You’ve probably encountered a whole slew of statistics about the benefits renewable energy has to offer to you and the planet. While this is all useful information, don’t underestimate what renewable energy is and has to offer. There are plenty of surprising facts and statistics for you to learn about. Whether they encourage you to become a Star Energy Partner with us or help you impress your friends at a party, you will find this information useful. Here are a few surprising things about renewable energy.