Terra Talent VC’s Post

Transcript

Hi, everyone. Welcome back to Breed Sea, your weekly dose of the latest and greatest, and Climatech, our Gray Barn, the head of Operations at Tarrytown, joined by our founder, Dolly Singh. And Dolly, what is it that we have folks today? Well, Ray, today we're going to talk a little bit about fusion, which is a very exciting topic, So I'm looking forward to getting into it. That's fire, though. I wanted to talk about this topic today because as you know and those of us who are tech nerds may or may not know, in December of 2022, Lawrence Livermore National Labs, also known as lasers, lasers, nothing but lasers. They announced the first instance of ignition, which means they created. More energy than it required to create the reaction for the first time in the world of fusion, which is really, really exciting. Since then, there are probably upwards of 50 really incredibly exciting fusion startups in the US And this is kind of like a, in the way that there was a race to the moon, to use a space analogy. There is definitely a race to fusion happening between the US, Chinese, and likely the Russians. And so it's incredibly important. That we have a really brilliant teams working on this technology there's really severe national security implications and long term security implications for us. And so I just think that the the race to fusion becomes incredibly and even more important in the coming years and it's a space that hopefully everybody is watching or participating in in some way, shape or form. Yeah, greed Dolly along with sort of the geopolitical and strategic race, there's also just the demand side of like exponential increase of. Energy needs across the world with like AI and other technologies like the New York Times reported that AI could require as much energy as an entire country. So if so, fossil fuels, renewables alone, as it currently sit, won't get us there. So we saw recently Signalman invested in Helion Energy and received much more of that, I think the coming years. Yeah. I mean, I think when just the cost of compute and the resources that it's going to require is kind of scary on one level. So there's no way that we get. Around massive energy innovation in the next 20 years. Let's say you didn't, let's say you don't believe in climate change. It's almost doesn't matter. We're gonna massively need to upgrade our abilities as it relates to energy in the next 20 years or we're going to fall behind as a country. So even if you don't believe any of you know, like the climate change reality, I will call it reality. That's fine. But the, the, the other economic reality is we're going to need a tremendous amount of energy to compete. As the world changes and evolves and becomes more competitive. So so I think it's really important that what gives me faith is I haven't met all fifty of these companies, but we've been really lucky to work with a few and meet several others. So first and foremost, I'm going to give a shout out to fuse. One of the things that I think is really interesting is, you know, all of these companies will need to build short-term paths to revenue while figuring out that long term equation similar to SpaceX. Being the low cost, reliable access to space on the road to Mars. And so, so the companies that do that well and really are thoughtful about the techno economics, I think will fare really well in the next 10 years. And I think Fuse is one of those, at least based on, you know, the, the limited info and insight that I have, but obviously I'm a little bit biased. We also have met with Thea Energy. I thought they were really compelling. Summer we worked with them, they just raised like $100 million. Shout out to that team. I think there are probably three or four others that come to mind that everybody is just doing incredibly good work. And I would even say briefly that like even traditional nuclear, you know, this is an overlooked area, an opportunity for us to invest as a country. If you look at France and Germany and and where their energy security is as nations, one of them made a clear bet on nuclear and they are much more energy secure a renewables alone because the path and the pace of scale and the resources. Required to scale. The primary problem with solar isn't that there isn't enough panels or enough sunshine, it's that the human labor required to deploy enough solar, all of these things are going to take a tremendous amount of time. And that's why for energy security, my personal opinion, and for climate security, whichever one you care about, it's many shots on goal. We have to do all of the things all at once, and that's what makes it that much more difficult, but also that much more valiant and incredible and exciting and so stuff. That all of our friends should be watching and hopefully leading into absolutely Dolly and if you're curious about everything that's going on nuclear. It's a ton of public information now examined is dropped an article in relation to their recent fundraise use just had a feature done on them by not boring which we'll link in the comments so you can go nerd out on all the cool stuff happening. Awesome. Thank you Ray. This is a great topic like myself thanks.