The Prof G Pod with Scott Galloway First Time Founders with Ed Elson – This Founder Raised $900M to Power the Grid
5 snips
Jul 7, 2024 Mateo Jaramillo, Co-founder and CEO of Form Energy, shares insights from his journey at Tesla to leading an innovative energy storage company. He reveals how his divinity school experience shaped his vision for impactful change in the energy sector. The discussion highlights the urgent need for reliable energy solutions in a world increasingly driven by renewable sources and AI demands. Jaramillo also reflects on the challenges of startup life and the importance of collaborative leadership in addressing climate change.
AI Snips
Chapters
Transcript
Episode notes
Cost of Long-Duration Storage
- Longer battery discharge durations increase cost, making lithium-ion less suitable for long-term storage.
- The grid needs cost-effective long-duration storage for intermittency and extreme weather.
Iron Air's Killer App
- Iron air batteries, researched since the 1970s, were never commercialized due to lack of a "killer app".
- Form Energy saw the grid's long-duration storage needs as that "killer app."
Path to Renewables
- Mateo Jaramillo grew up observing how energy access impacts communities and worked in tech before divinity school.
- Despite considering priesthood, he realized his unsuitability and pursued his energy fascination.