Equity The hydrogen plateau and IRA funding crutch with Toyota Ventures' Lisa Coca
Sep 25, 2024
Lisa Coca, a Partner at Toyota Ventures and former Intel and GE Ventures executive, joins the discussion to delve into their Climate Fund's $300 million focus on climate innovation. She highlights groundbreaking startups like AM Batteries, which is revolutionizing battery manufacturing, and Ecoletro, leading in sustainable hydrogen production. The conversation touches on the pressing challenges of achieving cost parity with fossil fuels, methane mitigation strategies, and the transformative role of non-dilutive funding in startup valuations.
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AM Batteries Innovation
- AM Batteries uses dry powder mixing and electrostatic deposition for electrodes, unlike traditional toxic wet slurry methods.
- This results in a 40% reduction in energy usage and CapEx and up to a 25% reduction in cell unit cost.
Ecolectro's Green Hydrogen Pilot
- Ecolectro partners with Liberty Utilities in upstate New York, using hydropower to produce green hydrogen.
- This hydrogen is then blended with natural gas, demonstrating a live pilot project.
Hydrogen Infrastructure Challenge
- Hydrogen's biggest challenge is the lack of infrastructure for cost-efficient distribution.
- Despite advancements in hydrogen production, the absence of widespread infrastructure hinders its adoption.