Enabling Climate Action with Brennan Spellacy of Patch: Ep 242
Oct 12, 2022
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Brennan Spellacy, Co-founder and CEO of Patch, is on a mission to harness technology for climate action. He shares his journey from chemical engineering to launching a fintech platform dedicated to sustainability. Topics include the vital role of consumer behavior in combatting climate change and innovative tools to enhance climate initiatives. Brennan also discusses the realities of entrepreneurship and Patch's ambitious plans for European expansion, highlighting the need for tailored strategies for diverse customer journeys.
Brennan Spellacy's journey from oil and gas to co-founding Patch exemplifies the transformative potential of leveraging tech for climate initiatives.
Patch's dual focus on decarbonization and carbon removal highlights the necessity of accessible carbon markets for driving sustainable business practices.
Deep dives
Brendan Spelisie's Journey to Climate Tech
Brendan Spelisie's path to climate technology began with his academic background in chemical engineering, where he initially aimed to work in lower carbon energy systems. However, after graduating from McGill, he found himself in the oil and gas sector, which contrasted sharply with his eco-conscious aspirations. Instead of feeling discouraged, he transitioned into programming roles at startups like Shopify, using his experiences to pivot back to his passion for tackling climate change. This journey culminated in co-founding Patch, a platform designed to facilitate climate action through technology.
Understanding Carbon Markets and Climate Action
Patch focuses on two main strategies for addressing climate change: decarbonization and carbon removal. Decarbonization aims to reduce pollution, while carbon removal seeks to extract existing carbon from the atmosphere. Spelisie noted that the carbon removal sector has historically been underfunded, prompting the need for accessible carbon markets that his platform aims to simplify. By providing an interface and APIs, Patch enables businesses to engage with these markets, embedding sustainability into their operations.
Customer Engagement and Future Aspirations
The customer journey with Patch varies, reflecting different levels of understanding and maturity among clients. Established firms like EQT approach Patch with clearly defined needs, while others, such as Afterpay, seek guidance on integrating climate action into their services. As Patch continues to grow, the company aims to expand its reach, particularly into Europe, and enhance its offerings for enterprise clients. Spelisie envisions turning climate action into a scalable and competitive aspect of businesses, positioning Patch as a critical player in the evolving landscape of environmental responsibility.
Consumers are increasingly invested in sustainability. In this episode, we spoke with Brennan Spellacy, Co-founder and CEO of Patch to examine the ways companies can utilize technology to take action against climate change.