17 Burst results for "Energy Impact Partners"

"energy impact partners" Discussed on The Interchange

The Interchange

05:38 min | 4 months ago

"energy impact partners" Discussed on The Interchange

"In certain parts of the world that are fundamentally unsustainable but our kickstarting the lot of interest in building an industry will the next fifteen years in the hydrogen market. Look like the last fifteen in the solar market. This is the inner change. I'm a partner at the venture capital firm energy impact partners. Welcome okay so here's a snapshot of where solar photovoltaics were fifteen years ago. Globally that year two thousand six we installed one and a half gigawatts globally and the average price of a solar module. A panel was about three fifty a what three dollars and fifty cents and at the time. There was a ton of hype around this market. Investors were starting to pile in government. Incentives had shown up. There were hundreds of companies being spun up and it was very hyper market at the time. And then here's what happened in the fifteen years. Since the size of the market as measured an annual new solar installations grew over one hundred times will install roughly one hundred fifty gigawatts this year up from that one and a half gigawatts fifteen years ago and meanwhile the price of a module fell something like ninety four percents spot prices for pd modules or now down. Close to twenty cents. A watt down from the three fifty in two thousand six. So it's been pretty incredible ride but it's also born to remember that this rising tide of the solar market did not ultimately lift all boats although the market itself proved to be stronger than almost anyone expected. The road to solar glory has been littered with failed companies. The ones that you may know cough cough cylinder era and literally hundreds that you don't. In fact on the module technology side there have been very few western companies that have survived the price pressure commoditisation and tree dynamics that the solar industry has faced as it grew but one of the few that has lasted and really the only one with the differentiated module technology is for solar. The world's leading thin.

energy impact partners cough cough
"energy impact partners" Discussed on The Interchange

The Interchange

03:47 min | 4 months ago

"energy impact partners" Discussed on The Interchange

"Well look no further because the intrepid team at climate tech c. Which is the leading newsletter. Climate innovation have gathered and crunch this data. The climate of dc newsletter is an incredible resource. That everybody should subscribe to if you don't already In addition to being a by weekly newsletter with all sorts of good content they includes a job board. If you're interested in finding roles within climate tech it's got an investor list if you're raising capital and more. Ctv's led by sophie purdham and kim zoo. Who are my guests this week. Sophie is a sustainability business practitioner at an early stage climate investor in addition to being intrepid journalist. It's etv see. She was also the co founder of the microbial fertilizer company. Cool bio and kim is an investor working with meet at energy impact partners in addition to moonlighting as one of the leaders of climate. Vc so with no further ado my chat with sophie and kim kim and sophie. Welcome to the interchange. Thanks for having shale to be here very excited to have you both For the first collab- between the inner change in climate vc. Let's let's start. Do you guys have been doing this. For what a year and a half now more or less and so you started tracking the world venture capital and innovation and in climb attack In early twenty twenty how did you then and how do you now. Define climb attack is a question. I get a lot. Maybe kim. i'll have you kickoff. Yeah this is a question. We get a lot as well and i think from our side. Climate started off as anything involving mitigating the effects of climate change. But that definition has really evolved as we see all these climate related disasters happening so for me personally. That definition has evolved to you. Anything making our world more climate resilient as well and i think the question we get the most often. How is this different from cleantech In my eyes. I see cleantech more focused on energy and transportation That was win. Kind of the solar and wind renewables revolution happened whereas climate tech is more involved with comprehensive verticals like food and water industrials even things like carbon removal and carbon tech. So i think there's just a wider world of industries that are related to climate tech versus purely cleantech. I think that's right. Yeah i've been asked that question a lot too. And i think it's funny. There's i think there's ways in which Climatic is broader than cleantech and there are ways in which it is narrower so like for example you just described cleantech at least the activity in the innovation in the funding specifically around cleantech mostly went to energy actually and then to a lesser extent to mobility. And now were looking at agriculture and food and industrial and all this kind of stuff so now way climate is broader on the other hand Cleantech also in its earlier. Iteration included a bunch of sustainability related stuff. That wasn't about climate innovations in water and other types of sustainability. Where it so in this context climate tech is like very narrow. It's solutions to solve one problem. Which is climate change. So i find it interesting. The ways in which they overlap each other but have the kind of their own categories but nonetheless climate tek clearly a category today and obviously a burgeoning one which is what we want to talk about back to the point of the like the difference between cleantech one point oh and climate tack. I think across the red of all of the industries the climate tech touches. There's one unifying metric..

sophie purdham kim zoo kim kim sophie kim Ctv Sophie Cleantech
"energy impact partners" Discussed on The Interchange

The Interchange

04:58 min | 6 months ago

"energy impact partners" Discussed on The Interchange

"Bringing best practices most recent techniques four four science to understand characterize this chemistry and to really bring it into the modern age if you will but it was also a known chemistry. That essentially leave was sitting there waiting to be onto the marmot form. Energies the hottest multi-day energy storage company to just on stealth. We have the details. This is the inner change i'm shale con. I'm a partner at the venture capital firm energy impact partners. Welcome so excited for this one. This week. i've known matteo harm yo. Our guest this week for the better part of a decade since he was leading the energy storage actually the stationary energy. Storage business at tesla back in its early days pre power wall. He left tesla in two thousand sixteen and start looking for a new challenge to tackle yelled.

energy impact partners matteo tesla
"energy impact partners" Discussed on The Interchange

The Interchange

05:14 min | 6 months ago

"energy impact partners" Discussed on The Interchange

"The clean energy transition shifts from electric utility bills to the federal tax base. And i think that's a really important point to stress because the federal tax code is progressive to some degree right progressive in not in the liberal versus conservative but progressive in the sense that it wealthier people pay more of the federal tax code. We're basically gonna tax corporations and wealthier people to raise the funding to cover this once in a generation transition to cleaner electricity system. This week we take to the news a clean. Electricity standard is making. Its winding way. Reconciliation process in the united states congress. What is it exactly this because the inner change i'm con i'm a partner at the venture capital firm energy impact partners. Welcome so we're recording. This episode on the morning of wednesday july twenty first which is not normally something that i have to say on this podcast. Because we're normally talking about long term issues in this market but this week it's more immediate last week. President biden unveiled his administration's plan for a three point five trillion dollar infrastructure. Plan which the democrats hope to pass through reconciliation more on that soon. Well the details are still relatively sparse..

energy impact partners President biden congress united states
"energy impact partners" Discussed on The Interchange

The Interchange

08:06 min | 6 months ago

"energy impact partners" Discussed on The Interchange

"Just play the game buddy game. I think you're just nervous. You're waving your hands all about froth whose answer in this on this week. The price is right deep decarbonization edition. This is the energy. i'm shell con. I'm a partner at the venture capital firm energy impact partners. Welcome so we're doing something a little bit different today. In the tradition of bob barker and now drew carey we are gonna play. A game of the price is right we you know on this show. In general we cover a smorgasbord of figures around some of the trends and climb attack and decarbonisation so we wanted to run through a few of the most important ones but gamified it so we turn to our producer. Daniel waldorf whose name you've heard but whose voice you've never heard before to be our statistics gatherer and game show host And we brought our old friend. Stephen lacey who use co host. The show is an executive producer. Back behind the microphone to compete with me once again in a game of the price is right deep decarbonization addition. Let's see how we did stephen. Eleanor lacy welcome. Back to the interchange. Eleanor is that your. I don't know your middle name. I just took a yes at it. Even hook lacy welcome back to the entertain. Thank you. i'm still sitting here in the same five by five cube that you left me on last time. You've basically been there for the past two years. As far as i can tell emerging only to you know drink some water and like square is at the sunlight periodically. I have sump pump over on the other side of the wall. So that's where i get my water. Yeah you don't even need to go upstairs for that. Well i am very excited to have you back just like old times but we are bringing one additional friend on daniel waldorf who is there for every single recording that we make but has never on this side of the microphone so daniel welcome to the side of the mic. Thank you very much I guess with nobody behind the scenes to yell at you when you background noise. I don't know who's gonna do that. Now yeah i also. Who's going to do that for me. Stephen is that your job. I've already yelled at you before so we started off the recording with me complaining about your white noise. This is going to be like a painful trying sound nitpicking. Daniel this is your show. I'm handed it over to you. Thank you so we are going to follow in the footsteps of legendary bob barker and drew carey and do a prices right deep decarbonization edition. Where each of you is going to compete to get as close as you can to different statistics and figures. That are gonna tell something interesting about climate tech in the energy transition. So you all are going to have a chance to get as close as possible without going over a statistic and we'll do a little bit of explaining of a statistic is and why it matters and then what that actual price once we reveal. It means to you i love. This show is ultra competitive in everything that he does. How competitive are you feeling today. Shale it's like you said i wake up in the morning ultracompetitive. I go to bed ultra. I'm in this to win it. I wanted to bring you back on just to defeat you again. It's been a while since i've wanted some game on the show i have been told that in the previous Gamified episodes that we've done that. I sometimes come across a little too competitive. Say i'm sorry. Well i'm so excited to pit you against each other. So let's let's get into it so again. Get closest to the price without going over. If you win you get a single point. We're gonna do multiple rounds if you both go over. Reveal the price but no one gets a point and if you get right on the price or the figure you get double points. I just want to point out. I am literally drinking electrolytes right now just to make sure. I'm at the top of my game sponsored by gatorade. No this is like a hippie. Berkeley electrolyte drink which is not sponsoring me yet. But wilson. okay. So let's start with a warm up round We're just going to start with some evt's and some ms rpg's. So i'm going to ask you how much each of these cost right now Rpi and see how close so we're going to start with a tesla model three. Stephen i all right. So i'm embarrassed i don't i don't actually know thirty six thousand dollars. Oh that's going to be right in range. I don't know whether to go higher or lower. i think. Ms rpm he is just is. I think ms rpm is lower than that. I think he's gone over. So i'll say thirty thousand. Not because they think it's thirty but because his prices right and anything between thirty and thirty six hour win and stephen gets it. The m. s. p. For tesla model three is thirty. Nine thousand nine hundred and ninety dollars according to tussles website aright off to a rocky start shell but A hand off to you how. Ms rpm for a nissan leaf a nissan leaf. I think that's thirty thousand flat stephen. Twenty eight seven fifty one for shale. Thirty one thousand. Six hundred and seventy dollars solid. And i was i just want i was closer than stephen was on the model three. Yes you are yes you are and hopefully. Hopefully those movies keep dropping i My last car was a a a two thousand sixteen priests. And i really am kicking myself because i want and all right next up. This is the twenty th the two thousand twenty three. Gmc hummer base model. Evi what do you think it is. Stephen is so out of my league. I am going to say seventy five thousand dollars. Oh that was going to be right around. Where i was gonna guess too. I think it's higher thousand and one that's a classic strategy and shale gets it it is eighty thousand dollars. That is the estimated ms rpm. They haven't come up with the official numbers but that's what they have on their website so it is now steven one shale to all right. Let's move through this quick next up the base model twenty twenty two ford f one fifty lightning the ev model. I think it's like forty five thousand forty two thousand. You both go over. It is no one gets a point. It is the It is thirty nine thousand nine hundred. Seventy four dollars hot damn. That's not bad all right. So we've talked about some ev prices. And hopefully they keep dropping one way they drop is when they drive off the lot. And you purchase it on average how much do depreciate in three years off the lot man. Ten percent in three years isn't it like don't cars depreciate like ten percent seconds so i think in three years it's going to be like twenty five percent ten percent twenty five percent. Both of you are so off. It is fifty two percent one point one point four times greater than the average for all vehicles. This is a problem for us. At least if you're buying new if you're like me and you wanna use devi. This is a great time to buy. Is that like because of battery degradation or like the drive train. What's what do we know. It's also i think it's also because you know. Tv's are getting better so much faster than interesting wants one. Nobody wants the range you had three years ago. You want the read you have. That's a good stat. It's not a good stat actually. It's a bad staffer vs but it's.

stephen bob barker drew carey energy impact partners Daniel waldorf Stephen lacey Eleanor lacy daniel waldorf lacy Eleanor tesla nissan daniel Daniel Berkeley
"energy impact partners" Discussed on The Interchange

The Interchange

04:36 min | 7 months ago

"energy impact partners" Discussed on The Interchange

"Totally get that. That's the part of the on eko sort of being able to promise the world in eventually deliver it. Hopefully through a series of unfortunate delays but eventually redemption But thus far this has been that product that that hasn't lived up to that height. We're in the back half of twenty twenty one. Where's your tesla solar roof. This is the inner change. I'm shell con a partner at the venture capital firm energy impact partners. Welcome so remember. The tesla solar roof. It was unveiled on the set of desperate housewives in two thousand sixteen while tesla was in the process of marshalling support for its two point six billion dollar acquisition of solar city which was then the largest rooftop solar installer in the country. The solar roof was supposed to be if you'll forgive me. The language the tesla ization of rooftop solar. Take a thing that already existed. Make it beautiful and sexy and build an entirely new category from it. It's what tesla has done. I would argue successfully in both electric vehicles and residential energy storage. Well it hasn't gone well. We're fully five years since that announcement. Now and tesla does not have a whole lot to show for it. Solar roofs do exist in the wild and they are generating power but an extremely small volumes. Certainly orders of magnitude less than tesla had anticipated and promised at the time of that announcement. Meanwhile in the interim tesla has gone through innumerable iterations on how to sell the thing how to build the thing they reasonably jacked up prices more than fifty percent for some customers which led to new lawsuits and cancelled orders and a bunch of articles. In classic tesla fashion. There's been very little in the way of admitting failure or significant missteps along the way but the proof is clearly in the pudding. I will say this. I've seen a lot of shod and friday in the solar tech community around tesla's struggles on the solar roof. And i personally think that's misguided yes. It is true that it was known..

tesla energy impact partners
"energy impact partners" Discussed on The Interchange

The Interchange

04:25 min | 7 months ago

"energy impact partners" Discussed on The Interchange

"Shale con. I'm a at the venture capital firm energy impact partners. Welcome okay so the timing here is obviously not exact. But let's just assume that the first boom in the world of what was then called cleantech went bust. Roughly after the celinda bankruptcy announcement that was in september twenty eleven that that happened and the market has really only started to pick back up again now called climate tek really over the past two years. I would say so. Roughly speaking between those two periods there was about eight years when cleantech climb attack was wandering in the wilderness. So to speak and during that time i think at least two things were happening. I there was a ton of introspection amongst all the actors. Who'd been a part of that first. Boom-and-bust was venture capital. The wrong model for cleantech was a question that was often asked and sometimes answered in the affirmative by by some people is energy fundamentally poorly suited to new technologies. It just to ossified into slow. So there's all this navel-gazing and second. There was a lot of focus on the so-called valley valleys of death the parts of the progression of a new technology or new business where it is common for a start up to fall victim to an inability to proceed because of a lack of capital generally speaking. I'm less interested in all that introspection about vc. In in cleantech at this point. I personally i think the jury has basically come back resoundingly to suggest that there is nothing. Fundamental about climate tech that makes it poorly suited for venture capital or for technology innovation. There were just some bad bets that got made a decade ago and some learnings that are to be taken from that. But there's no no reason to you know. Throw out the baby with the bathwater here. But the second thing around valleys of death that that's more interesting to me because it is a real challenge there certain stages in a company's life cycle that are particularly difficult to cross and that thinking over the past decade has shifted the.

energy impact partners celinda cleantech
"energy impact partners" Discussed on The Interchange

The Interchange

03:53 min | 1 year ago

"energy impact partners" Discussed on The Interchange

"Sales are flat. Consumers aren't demanding them, and there are still very real infrastructure challenges. So in this episode, run packing those trends in the context of California Governor Gavin Newsom is executive order mandating. Halt to new gas powered cars and fifteen years. This is a conversation between A. Micro Shell Khan and his colleague at energy impact partners. Andy Lubar Shane. It's a very helpful detailed look at the underlying trends that could complicate California's plans in this conversation they touch on the state of the transition, the State of Technology and consumer habits and the impact of lots of e vs on the grid in the future. And here is shale con with Andy Lubar? Shane enjoy. Andy Welcome. Thanks. So I think we have a lot to talk about here. On both the state of electric vehicles in California in the US in general, and then you know looking forward from where we are today to potentially getting to one hundred percent new EV sales and California by 2035 if California hits this goal of the executive order that the Gavin Newsom just signed and you can imagine a ripple effect in two other states. So I think we want to basically have this conversation in three parts. The first part is where we are today. Let's benchmark ourselves in the current state of vehicle extrication in the US, the second and the barriers I should say to. You know getting into more rapid adoption than we have seen thus far. I can stop is. What are we gonNA need from a technology perspective. To get to one hundred percent new sales being electric vehicles or something approaching one hundred percent even like what what are the big technology gaps to the extent that exists in part three? Is. What is this going to mean for the electric grid? There was a wave of stories that came out when newsom signed the executive order. The first wave was like Oh, my God, what a big deal? This is the second wave was wait a minute. How is California's grid can handle this especially given the fact that we just faced blackouts in California a couple of months ago due to a shortage of peak capacity. What happens when you add a ton of new electric vehicle to the grid So that's that's our three part conversation. Let's start with part one on the state of EVT's in the US today. How would you characterize it overall? What's interesting is this was supposed to be a turning point last year next I mean if you look at sales of vs in two thousand eighteen, there were starting to really ramp up and then twenty, nine, thousand, nine, even you know obviously before cove, it was a disappointment. Sales overall declined and the portion of the market that is not Tesla declined even further. So the only auto oem. To gain market share in two, thousand, nine, hundred was tesla making the US kind of even more unhelpfully dependent I would say on on that one. Manufacturer. And disappointing a lot of forecasters who were hoping for a ramp up towards the end of the last decade and you know I think what's what's difficult about? The timing of of that slowdown in the market and then the further slow-down that was caused by Cova. And all the results of Covid is that we were at a time when all of the other Oem's were just beginning to ramp up their efforts at developing and hopefully in the next few years. Bringing to market new EV models, and so we're at this point where the other Orleans are starting to make significant investments in debts on electrification and one of my concerns I guess just upfront about where we are in the market today is.

California Governor Gavin Newsom Andy Lubar Shane US executive Andy Lubar Andy Welcome Shell Khan Tesla Covid Cova tesla
"energy impact partners" Discussed on The Interchange

The Interchange

14:48 min | 2 years ago

"energy impact partners" Discussed on The Interchange

"I agree with this because I actually think we're GONNA see a substantial shift. Not Through market forces but through government mandate so so think about the current agriculture system which was basically set up by the government. Investing our India initiatives to boost crop yields needs. And we've been able to see extraordinary yield improvements because of technology and a massive government an investment in technology. Now he can go into all the reasons why increase pesticides our current land use and the types of monocultures we support are really really bad for the environment and Human Health There are plenty of drawbacks but clearly we have seen a massive increase in food production which has improved. There's a lot of people's lives again supported by governments around the world. Climate change is going to be a serious disaster for farmers in this country. I think it's going to be a particular disaster because of our types of monoculture farming as well and so when you see bigger deluges because of the atmosphere atmosphere is holding more moisture. When you see more extreme droughts You're probably going to come to a point where the government has to step in with some other kind of green revolution and that will probably mean growing more food indoors because of a more severe climate so I actually see in the coming decades this happening because the government actually steps in. Yeah that's interesting I think I was. I'm imagining it. Happening with or without government intervention mentioned with just the pure argument that at some point the economics are going to get better And you know there's going to be some demand from people for locally locally grown you know low water use no pesticides stopping inside. No one of the weird things about this. Is that some of these Some of these growers hinder agriculture growers. They can't get classified as organic even though they don't actually use any pesticides news ninety eight percent less water because the definition of organic has to do with the soil. That's it's used. And in some cases they're not actually using soil so it's a weird challenge that they face but You know setting aside the definitional issue I was just sort of assuming it would come from a combination of economics and consumer demand But it's interesting the idea that there would be a policy push for as well fun fact Kale that I served with my eggs. This morning came from three blocks. Walks away from a shipping container at Vertical Farm. Oh man that's like. That's such a Hashtag. Hipster Brag that you just amazing. I loved loved Virtue Signal Right. I'm using this podcast as a platform to talk about. How amazing my habits are this is the biggest bad ones but these these small ones make me look good? This is the biggest problem. mm-hmm we have this podcast. which is that all you want to do? Is Is hipster Brag and all I wanNA do is talk about scooters. Well we're going to talk about vertical farming in in greater detail in an upcoming episode to look out for that in the meantime let's go to BET number five back into bugs house. Yeah so the next bet. Is that in bugs first home. Once she has bought it more than half of her load. Electricity load will be flexible and responsive have to a grid signal to a price. Fortunately for bug she will have no idea what that means and she won't need to basically this this bat. Actually I think is maybe be the least controversial of any of the ones that I've made and the reason is that it's actually not that hard to make more than fifty percent of the load in a home controllable controllable depending on where she lives in the country if you just look at sort of aggregate load profiles for for residential customers. Let's say that bug lives in the south somewhere. Eighteen percent of her load is gonNA come from space heating and other twenty six percent from air conditioning. So if you just have a smart thermostat that controls your heating and air conditioning that gets you close to fifty percent percent on its own In some homes. It's more than fifty percent if you add a smart water here you're way over. Fifty percent just threw that in some other places. You might also need to control. Draw the lights or clothes washers and dryers but the point being like they're they're a small number of devices that comprise a big chunk of our load in the home. And so if if you just make those controllable and responsive and to act as load flexibility on the grid you get a big chunk a residential load that can be that way and that it doesn't even account for if I'm wrong about bug buying a car and she buys an electric vehicle has a smart charger. That's a huge load that becomes flexible and responsive or or if bug decides to install stationary energy storage. which just makes a bunch? You know. Hole big chunk of reload. No matter where it's coming from flexible so this one to me I think is actually a slam dunk. I will bet in favor of that prediction. I'll add to it. I think she'll be able to check in on that load shifting and the health of the equipment totally via voice control. Yes but my bet is that she will never do that like she'll she'll check in on her for appliances. But I think the whole notion of load flexibility for residential customers is GonNa have to rely on it all happening in the background like I wanna I wanna I WANNA maintain my level of comfort the home and I want in the background. I want my devices to be optimized against you know some price signal from the grid to save me money on my bill but I don't WanNa have to think about it. I certainly you know. And I'm an energy person like assuming bug the APP assuming the the apple falls far from the tree and bug doesn't follow in her father's footsteps work energy. Impact partners I I don't think she's GonNA WANNA spend a ton of time on it either so there won't be a speaker place in the corner of the room with robotic announcements smits bug. There is an electricity need in sector four. The assistance of your devices needed. Your battery will now discharge. Oh Man I hope that somebody takes fix it that snippet of audio from this podcast and turns it into like disturbed movie future. You now have your next Alexa skill. Some savvy developer. Please views that bet number six. We now get to renewables. Well actually before we get to renewables. I mean I think it just stepping back on these last few bets right right. So we're talking about her home and the Responsive load in the HO. We're talking about making agriculture. Indoor agriculture were talking about You you know vehicles transforming from the current mode into this new mode one of the things it is consistent across basically all of those is that they result resultant market share for electricity within the energy context so one of the things that I often forget because I spent so much time thinking about electricity atrocity as opposed to broader energy that electricity in the US only comprises about twenty percent of final energy demand Eighty percent of it still is not electricity so basically the entire transportation industry most of industrial processes and then a good chunk of residential and commercial electricity. Our energy demand rather don't come from luxury at this point which means that there is a ton of market share that electricity can theoretically gain. And there's has been this great series of studies that Enron will has been doing called Lecture City Futures Initiative where they're basically trying to map out like how much can we electrify really And what Oh that looks like and so they're high electrification case says that by twenty fifty electricity could comprise about forty one percent of final energy demand which basically would double. It's market share from today from twenty percent to forty one percent. So that's my bet that by the time bug reaches reaches thirty which would be in two thousand fifty or so electricity market share as share of total energy consumption double. I hate to keep agreeing with you but I will be in favor favor of that prediction as well. What I found most interesting about that? Enron report was that most of the growth comes in the residential sector In their high a scenario electric devices provide sixty one percent of space heating fifty two percent of water heating and ninety four percent of cooking services By I twenty fifty. So if you look at the two charts that you put into your piece of the vast majority of growth actually comes from the residential sector. Well hits hits it SORTA depends how you look at it on percentage basis. You get a big chunk out of out of residential but but actually the biggest single contributor attributed to the growth of electricity is transportation and this is true. I mean if you look at their overall forecasts like you can't get a significant increase in in electricity electronic share of total energy without electrifying. A fair bit of of transportation mostly light duty vehicles but to some degree medium and heavy duty vehicles as as well. You don't necessarily need aviation yet to to the point of the electric airplanes. We're talking about a couple of episodes ago but you do need to transfer to electrified transportation tation. So where are those electrons gonNA come from. That's bet number seven. What is it yes so this is another one? I think probably isn't going to be too controversial but the the bat is that by the time bug reaches the age of fifteen More than fifty percent of her electricity which is representative of the electricity in the country overall will come from renewables combination of hydro plus solar and wind and geothermal And so you know I was just using as a as a benchmark Bloomberg's Burg's long-term forecasts. They've got They've got fifty percent getting hit in twenty thirty five and then by the time bug would reach the age of twenty five. It would be about two-thirds already so this has been all of this requires is just a continuation of the current trend which is like slow Decline in actually relatively rapid decline in coal basically maintenance of the market share of of gas and then continued the growth of both solar and wind but particularly solar. Let me make this interesting and agree with you and also partially disagree with you if you look at projections. Actions from notoriously conservative organizations like the Energy Information Administration. We're GONNA hit that target so I think most people believe if that we will get there definitely not controversial. Just take a look at the interconnection queues around the country and the resource procurement plans for utilities. It is is almost all renewables in some places so I don't know of anyone who doesn't think that we won't hit that target but I do have some hesitation Hesitation which stems from your last bet. I do think this is going to be more difficult. When you factor in increasing electrification and renewables renewables need to grow but also keep pace with expanding demand for electricity and a lot of the projections that we rely on? Don't really take into account the scenarios outlined by an wral or the Electric Power Research Institute. So these are relatively new predictions and I think we have to reconcile both of them when we look at the growth of renewables I think that's that's right and that's an important point. The other thing that I think should give you at least a little bit of pause about this. This long term future is that if we're going to get to fifty percent renewables nationally that almost by definition means that we're going to have some locations that are well above eh right and so places like California are going to be At high very high penetration renewable energy by that point and so all these conversations that we've had about how do you. How do you manage a super high penetration renewables world will come to the forefront over not that long period of time? So we're going to have to answer these questions about about seasonality and things like that Not to say that we can't but it is to say that it that it's a necessary question that needs to be answered sooner rather than later speaking of questions that need to be answered were trying to figure out what is the meaning of life. What are we doing here? What is our existence all about and that is I bet number eight? Yeah so this is the point when I was putting this together where I was looking through the previous seven beds and I was worried that they weren't controversial enough. I think that's to. Some degree been reflected in the fact that you seem to agree with most of them so I was thinking okay. So what's a bet that I could make I'm supposed to represent you know I'm I'm the Energy Partners San Francisco office. There's only a couple of us out here in San Francisco. Everybody else is in New York. So I'm supposed to be the techno optimists here so I was thinking what what can I do. That is going to be a little more controversial result of that is the final bet. BET number eight. Which is that bug will live for over two hundred three years and for most of her life electricity will be her only food? So so what. This bad actually armed electricity trysofi vertically Varner Alexi So basically this is betting is that before bug Passes away her. Consciousness will be downloaded into into a machine somehow and that machine will be powered off trinity and thus electricity will replace food for her for the majority of her very very very long life as far as justification for this one goes. I have very little admittedly except to offer just a little bit of context around timeframe so bugs born in two thousand nineteen. Let's just say that her you know life expectancy today is something like eighty five years. So she's GonNa live until the year two thousand one hundred barring some unfortunate circumstance. So eighty-five years is a very long time. I just wanted to provide some context with like eighty five years ago. Some of the things that we had not invented nineteen thirty three. We hadn't been invented radar jet engines personal computers we hadn't have invented invented smartphones microwave ovens. Led's the birth control pill. We hadn't invented canned beer which is insane which is just to say that? Like how confident are you that in the next eighty five years. We're not GONNA be able to figure out a way to tackle bug. Live exclusively off electrcity. Well I disagree with your analysis Sir because I already think we are living in a simulated reality. There are billions of realities playing out all at once and this is only one of them. Oh my God this is like. Are we doing the like Yulon. Musk Joe Rogan. Like getting high and doing podcast. I didn't get the memo all right. Well think about it..

San Francisco Energy Information Administrat India Vertical Farm Alexa Joe Rogan Enron US Electric Power Research Instit Kale California apple developer Led
"energy impact partners" Discussed on The Interchange

The Interchange

02:44 min | 3 years ago

"energy impact partners" Discussed on The Interchange

"Book an appointment for somebody to come by your house. Now, who that somebody is I don't think they're tesla employees. Ultimately, I think they're going to be it's gonna be a channel partnership sort of a thing. But at the end of the day. I think they're solar businesses going to be pretty small. Yep. I generally agree with that an end to end vertically, integrated solar EV and battery storage company will not materialize in five years within tesla. And quite frankly, when you look at the expense of nature of these products. I think there is a lot of skepticism that that would ever materialize, you know, of eighty one hundred thousand dollars solar roof, a thirty five thousand dollar EV a multi thousand dollar power wall. There's a very small number of people who can afford that, you know, one of the side benefits of tesla slowly, but surely beating down its energy business has been the flood of talent that has left tesla. They've had really great people and have some who are still there. But many really really great people who were working on some part of the energy business who are no longer for reasons either of their own volition or not who've gone onto other really interesting things. So I think there have been. A few cases in the history of this market where there's been a a sudden Diaz bre of really great talent exiting a company that have been led to a bunch of new innovations. The other examples that you could give would be like, son. Edison was a great example of the Senate and headed a group of really amazing people who've all gone on to do fascinating. And interesting things, I think tesla is going to end up being the same way. So my most optimistic take is that the group of people from tesla will go on to spawn whole next generation of innovations in the space, and you picked up tesla person a former colleague of ours yourself over there. If you're chief of staff at energy impact partners. We sure did I managed to finally get Adam James to come back and work with me again after losing him to solar city from from GTM. Now, he's he's chief of staff at AP and doing a great job. So he's a perfect example. Well, I I hope that we're not gonna lose you to Tesla's energy business. Now that you've proven yourself a an adept historian at at tesla. You want me to go be Tesla's in house historian. That would be that'd be an interesting career move. I think it's somewhat unlikely at this point we'll for now, we'll keep you as our co host and the managing director of energy impact partners shale. This was a lot of fun. Good to revisit all this Tesla's stuff. Yeah. Nice to take a walk down memory lane with you did. Well, if you want to share your thoughts on the future of tesla energy hit us up on Twitter interchange show show Konin, and I are there as well. Send us an Email to podcasts at green tech.

tesla chief of staff Twitter Diaz Edison GTM Senate green tech AP Adam James Konin managing director eighty one hundred thousand do thirty five thousand dollar thousand dollar five years
"energy impact partners" Discussed on The Interchange

The Interchange

04:17 min | 3 years ago

"energy impact partners" Discussed on The Interchange

"He's my co host. He's also. The senior VP of research and strategy at energy impact partners. She'll how are you? Hey, steven. I am good. I'm as as ready as I'm ever going to be to to give out career advice. Well, later in the show, we're going to get some advice from someone more qualified than us to be giving it Liz Daulton, the executive director of the clean energy leadership institute. I'm going to have an interview with her first, let's address Nicole's question. She wanted to know where to start where she should place her career bets. So to speak venture capitalists were specifically called out. So I guess that puts the responsibility on you shale. Well, I guess the one thing that I would say in response to how Nicole frame the question is she sort of framed it as which technology is should I pick? And certainly that's one way to go about it. There will be people who develop a passion for advanced nuclear reactors, and you know, go after that for their entire career. And that's fine. If you if you're not one of those people, you know, I think that the way to think about it is not which technology should I pick. As I go on my career in cleantech. But rather what are the macro trends that I want to attach myself to do I believe fundamentally in long-term decarbonisation of the bulk power grid and do I want to dedicate my time to that. Do I believe fundamentally in urban ization? Do I believe fundamentally in decentralisation pick your sort of your big macro trends, and then don't worry so much about getting it right within that? Because it's hard to do. Right. None of us know knows with any degree of. Certainty. What technologies are really going to win out? And also, it's a it's a function of you know, you're not gonna have opportunities to do anything that you want. So it's easier to sort of find your passion in the broader macro trends, and then take what opportunities are presented to you within that. So let's assume that you have a vision for the world. How do you put that thesis into action? What are some concrete steps that you have taken in your career that you would take? Now, if you were trying to execute on that thesis, a few things for me that I think have been valuable in my career. The first is just when I am interested in something new from interested in pursuing it from a career perspective or just learning more about it. I just tried to immerse myself in the gestalt of that area. I figure out what sources of information I should plug myself into I start reading about it. I follow people on Twitter who tweet about it. And then I go to those links I set up our assess feed. As I fall. I listen to podcasts and the topic. I start trying to find out what the networks I should plug into our in person or online, I just try to kind of immerse myself in it until I start to feel like I have I'm, you know, have my finger on the pulse of that sector, and it takes some time to do that. But the longer than I immersed myself the more plugged in. I feel like I am. And that serves a number purposes. One is when you then go have conversations with people who are within that sector, you can speak their language. You could talk about the same things you have more interesting conversations with them. And that lends itself to more opportunities for you in the second is, you know, the more that you understand what's happening. The better able you're going to be to discern between an opportunity that you really wanna pursue in one that you don't. So I'm a very much in favor of find something you're interested in and then just soak in it for a while most definitely, but it's about more than just soaking it up because you have. To find a way to categorize that information and make it actionable, particularly if you're just getting started. So I found that my method for understanding the taxonomy of a space for journalistic reasons has actually been helpful in previous job searches and career switches, so number one just find all the organizations that fit your worldview when you've established that thesis about something you believe is going to happen or is happening in energy. There's a trade association for everything advanced energy economy is one the smart electric power alliance solar energy Industries Association American wind energy association, the advanced energy management alliance..

Nicole VP of research American wind energy associati steven energy Industries Association Liz Daulton Twitter executive director
"energy impact partners" Discussed on The Interchange

The Interchange

03:58 min | 3 years ago

"energy impact partners" Discussed on The Interchange

"Not available a decade ago to make the world more efficient, and and make the energy system of the agriculture system, cleaner, less, emitting, etc. Lower costs and increase reliability. So I'm all for the term. So we can't talk about language without talking about the buzz phrases of the day. I think cleantech used to be one of the big buzz phrases. But now it's machine learning. Artificial intelligence blockchain. Blockchain in particular is really getting interjected into a lot of energy company. Pitch decks. So what do you guys think when you see a company? Putting those words into the first slide on their pitch deck Abe blockchain is so twenty eighteen. Snow? It really is. I was gonna say the same thing that the number of pitch decks that include blockchain is down like ninety percent from twelve months ago. It is quite amazing. Isn't it the real question that comes up when I hear these questions is or when I hear these pitches is is this the hype of the day, or is there some actual genuine applications in there. I did a quick count of congruence existing portfolio of seventeen companies nine of them actually, incorporate some machine learning artificial intelligence neural net work within the overall company. Some of those have a as a primary piece of their puzzle and many are using them as kind of an ancillary or support piece of the puzzle or solution. So on one hand if somebody walks in and drops blockchain AI, and it has nothing to do with the product. Then I want nothing to do with that company on the other hand, many companies are actually showing up with genuine uses of of a in particular, which is quite. Yeah. I think about a in machine learning this is sort of unfair to machine learning. But I think of them as similar to blockchain in that. They're all tools. They're all relatively new tools that we can apply to solve whole wide variety of problems. So if you want to call yourself, a company that uses a I to do X, that's great. You're using one of the Newell tools. That's available. I'm interested in what X's and where the value lies there. Why is it that is the way to do it? Do you have some unique capacity to get it done in a way that other people don't? So the next set of questions is more important to me. But, you know, frame yourself as a company that does acts and uses AI rather than an AI company, and that probably that frame may be resonates with me a little bit more. It's hard to disagree with it. Abia Cal is a managing partner at congruent. Ventures. Abe. Thanks for joining us. Thanks for having me. And now you can open up the door and yelled down the hall to shale before the yeti runs out the door. I think you're the yeti shield. Con is the senior VP of research and strategy energy impact partners. Thanks for your insights as always and lake wise, Steven great to speak with you. Yes. Indeed. Well, folks, put your money on us. Give us a rating and review on apple podcasts or wherever you get. Your shows hit us up on Twitter was tweets. What do you think about this conversation? What is new indifferent about this next wave of these see are you a startup looking for money? Are you finding challenges? Are you finding new opportunities with this whole range of new funds and limited partners share your story in? We'll probably be tweet it. And maybe we'll factor it into future discussions. You can find shale their me there. You can't find a they're a why are you not on Twitter Vic news? You can't find a there, but you can find me and shale there and the inner change show, and we will of course, catch you next week. I'm Stephen Lacey. This is the interchange conversations about the future of energy from green tech media.

Abe blockchain Abia Cal Twitter cleantech Stephen Lacey Newell senior VP of research Steven managing partner ninety percent twelve months one hand
"energy impact partners" Discussed on The Energy Gang

The Energy Gang

03:57 min | 3 years ago

"energy impact partners" Discussed on The Energy Gang

"So you can get things like thermostats, by the way, we've also invested in echo be which Amazon invested in as well, which is a smart thermostat manufacturer. So you know, I think that their desire for dominance over the smart home will drive them into a desire for dominance over the smart homes energy consumption. So that brings us to a bigger question about Howard defining dominance or success dominance for an Amazon and Google is very different than dominance for a shell or total which is very different for dominance for Ford or an Uber. So when we actually start talking about competing these competitors head to head, and we try to pick a winner. What is winning actually mean? Right. You know, I guess we don't know how. This is going to go in the long term. Do we do we think that any of these new players are going to try to be the nouveau utility in full force? Meaning they wanna they're gonna wanna be vertically integrated from generation through the customer. I don't know. I mean, like I said with oil and gas there's some evidence that they may. But I don't think it has to go that far in order for there to be a really interesting and dynamic competition over the next decade or two if you think about the electrical sector in the US, we went through this wave of on bundling in the nineties when we started deregulating. We we open the markets up to retail competition, we opened up the generation side to competition, and we stopped, you know, with the Enron tobacco sort of put everything on halt. So we're partway through that transformation. And that was just opening up parts of the market to competition within this sector, largely you could make a case that even if these new entrance have no desire to own the lines. Wires ultimately own that transmission distribution infrastructure, even if they don't do that, this still would could be a big process of unbundling at the retail level, and at the generation level, especially as we get to a world where both retail and generation or sort of have to be operated in concert because we have all these intermittent resources that have to be managed flexibly and demand is a big part of that. Which is all to say that you know, I think there may not be a single winner here. It may not be that Amazon takes over all of electrobi- someday. But it doesn't have to go that far in order for it to be a very big storyline in the electrobi- market for a long time. That's absolutely, right. And we're trying to contextualized this emerging competition in an entertaining way. But I want to provide a caveat upfront. We certainly don't think this zero sum game. So each of these competitors is going to dominate in different ways. And that's what we're here to unpack. But ultimately, we have to pick some kind. Winner. So we are going to emerge with our choices for who's going to dominate in an an increasingly electrified future before we move into that shield. You wanna provide any disclosures given that you are in venture capital, you're working with some of the companies that we're gonna be talking about. Sure, I mean, that's one area of disclosure that I should offer. Which is that some of the companies already mentioned energy impact partners is an investor in. That's true of Arcadia power. It's true EKO be. It's probably true few more that we're going to mention I think the other disclosure that I should offer is so energy impact partners were venture capital fund. That is backed primarily by utilities, fourteen utility partners. We work really closely with them. So I'm predisposed toward understanding the strengths of utilities, and where they can play so take that into account as I give you my my choice of winter, no disclosures here, folks. Just pure unadulterated grudge match commentary from. Stephen Lacey coming up the bell rings in the competitors. Enter their corners of the ring. I are.

Amazon electrobi US Ford Howard Google Stephen Lacey
"energy impact partners" Discussed on The Interchange

The Interchange

03:46 min | 3 years ago

"energy impact partners" Discussed on The Interchange

"And they have a amazing natural resources to apply. But I'm really proud of the way they've developed an absolutely comprehensive map for their decarbonisation. If you take California California's now, the fifth largest economy in the world. So it's a real. It's this big. It's bigger than almost all countries. It's bigger than a hundred eighty countries it happens to be doing well economically. So they've decarbonised rapidly. Without crushing the economy. Quite the contrary they've disproved that fake idea. It's always been a fake idea that you had to choose between a clean environment and a strong economy. They've done a great job. Sector-by-sector one of the best building codes in the world's very strong transportation, fuel efficiency standards, really aggressive decarbonisation of the good and they've beat everyone of their targets at a much lower cost. And by the way, they're grid is getting more reliable as they decarbonised not less. They have a carbon cap which mops up a lot of the other sectors where they failed is the growing private car oil consumption. They've got good standards, but they haven't come up with really sound strategies to reduce single occupant vehicle use. But what California's done is is quite incredible, California. Norway. Our libertarian and conservative listeners are going to think we're socialists how hey last time. I checked both countries had really vigorous free market economies. Amongst the best in the world. Okay. Last question, which is what's the most undervalued policy? Then what's a policy that has a huge impact relative to the amount of attention that it gets building codes. Ooh. They are so exciting. When when you build a crappy building first of all, they're really hard to retrofit, if you don't insulate the ducks and the walls and the ceiling because you've got to just tear the whole billing part to fix it. So if you build a crappy building, you are condemning the homeowner to a lifetime of high energy costs maybe one hundred years, maybe more than one hundred years of wasted money. Conversely, if you build a building, well, you've created one hundred year asset and the difference is a strong standard, a dynamic, strong standards. But also the guys that walk around with clipboards checking to make sure you insulated ducts you, and you filled in the cracks and things like that. So about half of the buildings. The willed will have in twenty-fifty have yet to be built. We'd better get him. Right. How Harvey is the CEO of energy innovation? He is the lead author in a new book called designing climate solutions. How thanks so much for joining us delighted and thanks for the opportunity so shale I'll trade you some. Small modular new clear and flow batteries for your centralized Peavy and lithium ion batteries, no, the only item on the trading block for me is my augmented reality pick, which I immediately regretted once I made it. Well, I plan to make up some of the regrets that I have in this decarbonisation draft. And we're going to do a new one, and maybe I will consult with how when I make my next round picks shale con is the senior VP of research and strategy energy impact partners. He's my co host. Thanks for listening to this show. Hit us up on Twitter shale is there. I'm there the interchange show is there you can find how there as well. And let us know your thoughts about the policy solutions. You think are best how this plays into national politics and give tells book read as well we'll link to it in the show notes which show on. I'm Stephen Lacey. This is the interchange conversations on the future of energy from green tech media produced by postscript audio..

California California Peavy Norway Harvey Twitter Stephen Lacey twenty-fifty senior VP of research CEO one hundred years one hundred year
"energy impact partners" Discussed on The Interchange

The Interchange

03:57 min | 3 years ago

"energy impact partners" Discussed on The Interchange

"So you can get things like smart thermostats, by the way, we've also invested in echo bay which Amazon invested in as well, which is a smart thermostat manufacturer. So you know, I think that their desire for dominance over the smart home will drive them into a desire for dominance over the smart homes energy consumption. So that brings us to a bigger question about Howard defining dominance or success dominance for an Amazon and Google is very different than dominance for a shell or a towel, which is very different for dominance for a Ford or an Uber. So when we actually start talking about competing these competitors head to head, and we try to pick a winner. What is winning actually mean? Right. You know, we don't know how. This is going to go in the long term. Do we do we think that any of these new players are going to try to be the nouveau utility in full force, meaning they want they're going to want to be vertically integrated from generation through the customer. I don't know. I mean, like I said with oil and gas there's some evidence that they may. But I don't think it has to go that far in order for there to be a really interesting dynamic competition over the next decade or two if you think about the electricity sector in the US, we went through this wave of on bundling in the ninety s when we started deregulating. We we open the markets up to retail competition, we opened up the generation side to competition, and we stopped, you know, with the Enron debacle sort of put everything on halt. So we're partway through that transformation. And that was just opening up parts of the market to competition within this sector, largely you could make a case that even if these new entrance have no desire to own the lines. Wires ultimately own that transmission distribution infrastructure, even if they don't do that, this still would could be a big process of on bundling at the retail level, and at the generation level, especially as we get to a world where both retail and generation or sort of have to be operated in concert because we have all these intermittent resources that have to be managed flexibly and demand is a big part of that. Which is all to say that you know, I think there may not be a single winner here. It may not be that Amazon takes over all of electricity someday. But it doesn't have to go that far in order for it to be like a very big storyline in the electricity market for a long time. That's absolutely, right. And we're trying to contextualized this emerging competition in an entertaining way. But I want to provide a caveat upfront. We certainly don't think this is a zero-sum game. So each of these competitors is going to dominate in different ways. And that's what we're here to unpack. But ultimately, we have to pick some kind of. Winner. So we are going to emerge with our choices for who's gonna dominate in an an increasingly electrified future before we move into that shield. You wanna provide any disclosures given that you are in venture capital, you're working with probably some of the companies that we're going to be talking about. Sure, I mean, that's one area of disclosure that I should offer. Which is that some of the companies we've already mentioned energy impact partners is an investor in. That's true of Arcadia power. It's drew e be it's probably true of a few more that we're going to mention I think the other disclosure that I should offer is so energy impact partners were venture capital fund. That is backed primarily by utilities, we have fourteen utility partners. We work really closely with them. So I'm predisposed toward understanding the strengths of utilities, and where they can play so take that into account as I give you my my choice of winter, no disclosures here, folks. Just pure unadulterated grudge match commentary from. Stephen Lacey coming up the bell rings in the competitors. Enter their corners of the ring. I are you.

Amazon echo bay Enron Howard US Google Stephen Lacey
"energy impact partners" Discussed on The Interchange

The Interchange

02:37 min | 3 years ago

"energy impact partners" Discussed on The Interchange

"For that. You have at least some states that are, you know, taking up the mantle California being an obvious example and becoming perhaps more aggressive in light of how the federal administration is treating the issue. Do you think that that outweighs the impact of the federal level? Does it ameliorate it somewhat? Or is it sort of doesn't the states. Just don't have that much power here. I think what we've seen so far is it ameliorate sit a little bit, but not much and part of that is that if you look at the states that are acting and trying to push on climate policy, despite the Trump administration, it's only a sliver of the total country part of it is also they have limited tool. So if the Trump administration roles back fuel economy standards, you know, states have really been struggling to do anything else on transportation. Now, we'll see there are a bunch of states in the northeast plus Virginia, plus a few others that are looking at maybe a cap and trade system for transportation. Fuels, but they're still talking about that. And that's going to take a while to figure out, but I think even the states that are most aggressive climate policy. They've crunched the numbers themselves. And they've shown that you know, the US is not going to hit its Paris targets that were proposed under the last administration through state action alone, unless you see really dramatic scale ups in action. What's crazy to me is that we've seen pretty substantial action on efficiency for commercial buildings, and I know that the rhodium group kind of lumps together the built environment in industry, so it can be hard to understand the commercial built environment. But the fact that emissions are rising. Even though we have all these policies on the state level put into place foot to to improve the efficiency of buildings into benchmark energy use. That's a bit alarming as well. Yeah. And I think part of that might be even if. You have really aggressive building efficiency standards buildings. Just last for so long that the stock turnover is really slow. So you could have a state like New York or New York City is now proposing some really aggressive standards. I would be willing to bet if you modeled out the emissions impact it's going to take a while to really see that just because you know, it takes a long time for buildings to turn over and for new ones to get built. I think that's right though. One of our portfolio companies energy impact partners is spark fund that offers sort of you know, as a service, they they help do.

"energy impact partners" Discussed on The Interchange

The Interchange

04:10 min | 3 years ago

"energy impact partners" Discussed on The Interchange

"Tech media. I'm Stephen Lacey, a contributing editor with GTM, welcome to the show. All right. Look where a couple of weeks into the year, and we're just gonna skip right over the optimism and take a hard look at some pretty disturbing data after a period of moderation. He trapping gases are going up here in the US and around the world one scientists called CO two emissions a speeding freight train after the global numbers were released in December implying. Well. Yeah, you get the picture. So we throw these number increases around one point nine percent. Two point seven percent three point four percent, and they can feel pretty abstract like climate change it self, but we're going to do our best put some meaning to them shell con is with me for the conversation. As always he's the senior VP of research and strategy at energy impact partners. Hey shale. Hello, steven. How's it going? It is going very well. How about you? How's life over there at postscript audio? It's great, man. How's life that e IP? I know that you've been engaging in a lot more air travel these days than I saw in the numbers in the emissions increases that jet fuel is up. I wonder how much you contributed to that more than I would care to admit yesterday. I did my first ever international day-trip I flew to Canada and back just yesterday, which is to say I have a lot of penance to pay on my air travel. Emissions. Well, hopefully, some of the investments you guys are making in cleantech companies pay off pretty big. So you can make up for those emissions. I probably need to do more than that. But I appreciate the thought. Well, we've got a guest joining us this week. He is one of my favorite reporters covering as he appropriately calls it the apocalypse beat. It's New York Times. Reporter Brad Plumer. He has been writing about the emissions picture among many, energy and environment. Topics, and he joins us from the New York Times offices in DC. Rod welcome thanks for having me on the apocalypse beat. You mentioned that in your Twitter profile. I always get a chuckle about that is that now a vertical at the New York Times. No, I think we tried to do the ever allusive mix of doom and gloom and optimism. So we try to mix it up. You guys have really stacked up your climate and energy reporting team in the last year or two I know the times has gone through a number of interruptions with its, you know, green coverage, and then it's climate coverage. How are things going with that? I think it's going really, well, I mean one of the advantages of having so many people I think I should probably know this off the top of my head. But I think we have about eight reporters, and we have some graphics folks is that we can just cover a lot of ground. So today, we have reporting on the shutdown and what that's doing to diff. Federal agencies, but also send reporter tick Kazahkstan to look at how climate change is shrinking glaciers, and what that means for the millions of people who rely for water. So having a big team really just lets you spread out a little bit. Which is which is really nice. Yeah. Been super impressed with the coverage. It is phenomenal. And a lot of the multimedia coverage is particularly compelling, but you know, it can be depressing to if you read the pages of the times and any other publication covering the environment. We are faced with daily reminders that the world is way off the most moderate goals set out in negotiations among countries and shockingly far away from targets that scientists say we need to hit. I told you we were skipping over the hopeful rhetoric this week. So over recent weeks, we've seen preliminary numbers come out that remind us of the reality once again in two thousand eighteen global emissions rose by two point seven percent and US emissions rose by. Three point four percent. According to an early tally from the rhodium group. So what does this mean we're going to provide some context of the emissions reversal? And then see where we need to make up the most ground. We're also going to touch on the Trump. So she'll can you walk kind of walk through what the rhodium group tallied for the US in twenty eighteen like what's going on?.