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Having more energy is directly linked to higher GDP per capita. Industries like AI, transportation, agriculture, and manufacturing heavily rely on energy. Improving energy availability is crucial for economic growth and innovation, paving the way for various advancements in different sectors.
Base Power's solution involves installing batteries in homes to tackle grid failures during outages. By using batteries, homeowners can ensure continued power supply without the need for solar panels. In Texas, the unique grid structure and high renewable energy integration pose challenges during extreme weather conditions, making battery installations essential for grid stability.
The batteries provided by Base Power offer a cost-effective approach to energy storage, making them more accessible to homeowners. By strategically managing battery usage based on pricing and outage patterns, Base Power ensures efficient grid support and economic benefits for customers. The business model involves flat fees for energy consumption, leveraging batteries to stabilize the grid during peak demand and reduce delivery costs for consumers.
The podcast explains a new energy solution involving batteries for homes and addresses concerns about pricing models with traditional providers. By analyzing a homeowner's past usage, the new service offers competitive and transparent pricing, unlike traditional retail electric providers with complicated rate structures. The innovative battery approach shares gains with homeowners, ensuring a win-win situation by providing outage protection and affordability without hidden charges. The episode highlights the importance of transparent pricing and efficient energy solutions, underscoring benefits for both consumers and the energy grid.
The conversation delves into the future of energy infrastructure and storage technology, discussing the role of batteries in balancing demand and easing grid load. With a projection towards increased renewable energy integration and decentralized energy management, a shift from fossil fuels to renewables like wind and solar is envisaged. The incorporation of batteries in homes is seen as a critical move towards grid stability and higher efficiency. Additionally, the discussion includes insights on battery longevity, cost reduction, and the potential evolution of the energy sector over the next decade, emphasizing the significant impact of advanced energy solutions on economic prosperity and environmental sustainability.
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Todays show:
Base Power’s Justin Lopas joins Jason to discuss the critical link between energy availability and GDP per capita, focusing on Texas' deregulated energy market and recent power outages (2:16). They also dive into ERCOT's role (7:40), dynamic grid pricing (20:04), batteries' potential for grid resilience (23:09), and more!
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Timestamps:
(0:00) Base Power’s Justin Lopas joins Jason
(2:16) Discussion on Texas energy grid and recent power outages
(5:34) Deregulated energy market in Texas
(7:40) How the Texas grid works and the role of ERCOT
(9:35) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(10:50) Issues with the Texas energy system, power outages, and comparison with California's energy issues
(20:04) Dynamic grid pricing in Texas
(23:08) ERCOT's procedures during overload conditions and the role of batteries in grid resilience
(25:39) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST
(30:40) Cost comparison with Tesla Powerwalls
(36:09) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(45:12) Current deployment status, operational challenges, and regulatory challenges in the energy market
(50:32) Proposal for trusted vendor programs and preferred vendor status
(1:03:41) Correlation between energy availability and GDP per capita
(1:04:19) Solving the energy problem to boost human prosperity
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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Check out Base Power: https://www.basepowercompany.com
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Follow Justin:
LinkedIn: https://www.linkedin.com/in/justinlopas
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(9:35) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(25:39) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST
(36:09) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
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TikTok: https://www.tiktok.com/@thisweekinstartups
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast
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