The Prof G Pod with Scott Galloway First Time Founders with Ed Elson – This Founder Raised $900M to Power the Grid
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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.
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The Electric Grid's Complexity
- The electric grid is the most complex and largest machine humans have built.
- It balances electricity production and consumption in real-time with minimal storage.
Energy Storage's Importance
- Traditional grids rarely use storage, unlike other industries that rely on inventory.
- Energy storage becomes vital for managing intermittent renewable sources like solar and wind.
Lithium-ion Batteries' Strengths
- Lithium-ion batteries excel in energy density, making them ideal for short-duration needs like peak grid demand.
- They were first commercialized for portable camcorders.