In this episode of Nothing Ventured, host Aarish Shah welcomes Marcus Clover, co-founder of Energy Revolution Ventures (ERV). They delve into ERV's mission to accelerate the transition from carbon-heavy energy systems to renewable electrochemical solutions. With a team boasting seven PhDs and three professors, ERV combines deep technical expertise with a venture builder arm, ProSemino, to transform research into viable companies. The conversation covers key topics such as the two winning strategies for hardware companies—cost and functionality—the two megatrends in energy beyond decarbonisation, and the significant reduction in the price of solar and wind energy over the past decade. Marcus discusses the potential for homes and cities to evolve into power stations and highlights that 50% of the technologies needed for the energy transition already exist. The episode also touches on the rapid commercialisation of technology and the future convergence of compute costs with energy prices. Tune in to explore how innovation is shaping a more efficient and sustainable energy landscape.

Timestamps:
00:00:00 - Introduction to Nothing Ventured Podcast
00:00:10 - Guest Introduction: Marcus Clover of ERV
00:00:21 - ERV's Mission and Expertise
00:00:32 - ERV's Core Belief and Approach
00:00:53 - Topics for Today's Episode
00:01:25 - Energy Transition Technologies
00:02:00 - Host Reintroduction and Podcast Information
00:02:43 - Marcus Clover's Background and Origin Story
00:03:17 - Early Career and Fuel Cell Technology
00:04:01 - Efficiency of Fuel Cells vs. Fossil Fuels
00:05:06 - Cost Reduction in EVs and Renewable Energy
00:06:00 - Formation of ERV and Partnership with ProSemino
00:07:16 - Economics of Electrons and Deep Tech Investment
00:08:12 - Capital Intensity in Deep Tech and Hardware
00:09:04 - Cost vs. Functionality in Hardware Companies
00:10:10 - Capital and Business Models in Energy Tech
00:11:20 - Challenges in Energy Tech Adoption
00:12:03 - Energy Transition and Efficiency
00:13:15 - Megatrends in Global Energy Demand
00:14:01 - Price Reduction in Renewable Energy
00:15:07 - Barriers to Renewable Energy Adoption
00:17:03 - Narrative and Storytelling in Energy Transition
00:18:00 - Historical Context of Cleantech Investment
00:19:11 - Focus on Fundamentals and Economics
00:20:03 - Rapid Deployment of Solar and EVs
00:21:12 - Future of Energy Tech in the Next Decade
00:22:01 - Homes and Cities as Power Stations
00:23:02 - UK Energy Infrastructure and Policy
00:24:04 - Battery Technology and Energy Storage
00:25:11 - Impact of Energy Tech on Daily Life
00:25:41 - Integrated Energy Solutions for Consumers
00:26:45 - Analogy to Early Internet and Energy Solutions
00:27:42 - Aggregators and Resellers in Energy Tech
00:28:24 - Consumer Behavior and Energy Solutions
00:29:48 - Climate Angle in Energy Investment
00:30:30 - Matching Capital to Energy Models
00:31:12 - Existing vs. Emerging Energy Technologies
00:32:07 - Role of Philanthropy in Frontier Technologies
00:33:03 - Venture Studio and Incubator for Energy Tech
00:34:45 - Challenges in Lab Space for Energy Tech
00:36:34 - Research and Innovation in Energy Tech
00:37:12 - Ecosystem for Cleantech Spinouts
00:38:25 - UK Ambition in Energy Tech
00:39:18 - Energy for Future of Compute
00:40:11 - Cost of Compute and Energy Demand
00:41:40 - Venture Perspective on Data Centers
00:42:21 - Technology Needs for Data Centers
00:43:38 - Energy Demand Spikes in Data Centers
00:44:19 - Stability of Power in Emerging Markets
00:45:01 - Global Energy Distribution and Security
00:46:35 - Collaboration in the Global South
00:48:08 - Sovereign Energy Security and Dependence
00:49:02 - Electrification and Renewable Energy as Solutions

Find Marcus Clover online at:

LinkedIn: https://www.linkedin.com/in/marcus-clover-47b463a7/
Twitter: https://www.linkedin.com/company/energy-revolution-ventures/
Energy Revolution Ventures: https://erv.io

This episode is sponsored by EmergeOne, fractional CFOs for venture backed tech startups from Seed to Series B.
Get in touch at https://emergeone.co.uk/contact-us/ or join the CFO team at https://emergeone.co.uk/join-the-cfo-team/

Sign up for EmergeOne’s weekly newsletter, Off Balance at https://off-balance.beehiiv.com/subscribe


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