The New Geothermal Investment Landscape | Torsten Kolind, Underground Ventures | Ep 183

In this conversation, Joe Batir interviews Torsten Kolind, co-founder of Underground Ventures, focusing on the geothermal investment landscape. They discuss the rapid increase in investment in geothermal technology, the different paths companies can take in the industry, and the importance of technology in enabling the growth of geothermal energy. Torsten shares insights on the investment thesis of Underground Ventures, the relationship between developers and technology providers, and the lessons that geothermal can learn from the tech industry. In this conversation, Joe Batir and Torsten discuss the evolving landscape of geothermal energy, focusing on its future potential, technological advancements like digital twins, and the investment ecosystem surrounding geothermal projects. They explore the transition from traditional geothermal methods to next-generation technologies, emphasizing the importance of modularity and standardization. The discussion also highlights the shift in risk perception within the geothermal sector and the potential for geothermal energy to play a significant role in achieving net-zero emissions. Torsten shares insights on upcoming investment forums and the need for continuous innovation in the geothermal space.

Chapters

00:00 Introduction to Geothermal Investment

04:03 Investment Trends in Geothermal Energy

10:09 Investment Vehicles and Strategies

11:56 Underground Ventures’ Investment Thesis

17:07 Evaluating Geothermal as an Investment

21:59 Learning from the Tech Industry

27:06 Future of Geothermal Technology

28:23 The Future of Geothermal Energy

31:27 Digital Twins and Technological Advancements

37:30 Investment Landscape in Geothermal

41:35 Geothermal Anywhere: The Holy Grail

54:55 Closing Thoughts and Future Conversations

Torsten’s Book Recommendation:

Poor Charlie’s Almanac: by Charles Munger

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