>> WELCOME BACK TO A CLIMB IN
THE FIGHT FOR CHANGE TO MAKE
CAPITAL A VENTURE AND GROWTH
EQUITY FIRM FOCUSING ON AI
POWERED SOLUTIONS FOR THE
WORLD'S ENERGY INFRASTRUCTURE
AND CLIMATE CHALLENGES RECENTLY
ANNOUNCED THAT ITS RAISE A 100
IT AND 50 MILLION
DOLLARS IN NEW FUNDING, THE
FIRM HAS INVESTED IN MORE THAN
20 COMPANIES ACROSS WIN
SO I READ BATTERIES AND SUPPLY
CHAIN SOFTWARE AS IT DOES LOOK
TO BOLSTER COMPANIES IN THE
FIGHT AGAINST CLIMATE CHANGE.
JOINING ME NOW IS
OUR SACK PARTNER AT BLUE THEIR
CAPITAL IRAN'S THANKS SO MUCH
FOR COMING ON THE SHOW THIS IS
A LOT OF MONEY. I THINK YOU'VE
GOT TO INVEST IN WHAT ARE SOME
OF THE PROJECTS AND COMPANIES
THAT YOU'RE PURSUING.
>> THANKS KRISTEN, THANKS VERY
MUCH FOR HAVING ME ON YES, IT
MAY SEEM LIKE A LOT OF MONEY
BUT WE'VE ALL READ THE
HEADLINES OF TRILLIONS AND 10'S
OF TRILLIONS OF DOLLARS BEING
DEDICATED TOWARDS THE ENERGY
TRANSITION. REALLY WE'RE
INVESTING IN THE CONTEXT OF 2
OF THE LARGEST MOST IMPORTANT
REVOLUTIONS IN
HUMAN HAS EVERY ONE IS CHANGING
HOW THE WORLD IS FUNDAMENTALLY
POWER FROM BURNING ROCKS TO
GOING ENERGY LITERALLY OUT OF
THIN AIR AND A TREMENDOUS
IMPLICATIONS FOR NOT JUST THE
ENVIRONMENT. BUT FOR BUSINESS
ECONOMICS AND ENERGY ACCESS AND
AFFORDABILITY AND AT THE SAME
TIME THE DAWN OF REAL
OPERATIONAL AI WHICH IS
FUNDAMENTALLY CHANGING HOW
INFORMATION IS CAPTURE GATHERED
PROCESS 10 AND USED TO INFORM
BETTER FASTER SMARTER
DECISIONS. SO WE'RE REALLY
LOOKING AT FOUNDERS WHO TAKE
THAT SECOND SET OF SUPER CARS
AND ARE USING IT TO ADDRESS
ENERGY INFRASTRUCTURE AND
CLIMATE SOLUTIONS.
>> NOW IN ORDER TO MAKE AN
INVESTMENT ERNST DO YOU NEED TO
SEE THEM MODEL
THAT SHOWS EXACTLY HOW THIS IS
GOING TO IMPACT THE CLIMATE IN
A POSITIVE WAY.
>> WE DO NEED TO SEE THAT AND
IT DOESN'T NEED TO BE FULLY
OPERATIONAL AT SCALE YET
BECAUSE WE ARE FUNDAMENTALLY
EARLY-STAGE INVESTORS A LOT OF
OUR TEAM IS SPENT DECADES IN
PRIVATE EQUITY AND LARGE
INDUSTRIAL BUSINESSES. BUT WE
LIKE TO SEE THAT EARLY PROOF OF
CONCEPT THAT COMPANY HAS A
DIGITAL SOLUTION THAT IS BEING
USED
AN A MEANINGFUL SCALABLE
ACTIVITY LIKE CONSTRUCTING
OFFSHORE WIND FARMS BUILDING
OUT ELECTRIC VEHICLE CHARGING
INFRASTRUCTURE.
OPERATING WASTEWATER TREATMENT
PLANTS AND SEEING THAT THE ESG
IMPACT METRICS THEY'RE NOT TO
BUILDING A REALLY LUCRATIVE
SCALABLE BUSINESS.
>> EXPLAIN TO OUR VIEWERS HOW
AI STATES INTO THIS WHAT'S THE
USE CASE, AN EXAMPLE OF HOW
I CAN IMPROVE THE CLIMATE THE
U.S. SOME OF THESE
TECHNOLOGIES.
>> WE'VE GOT DOZENS OF EXAMPLES
LIVE IN OUR PORTFOLIO WE'VE
LOOKED AT OVER 3,000 COMPANIES
THAT HAVE OTHER
GOOD IDEAS. GREAT AND THE GOOD
EXAMPLE IS A COMPANY
LIKE PROCTER. SO WE'RE ALL
FAMILIAR WITH SOLAR BECOMING
ONE OF THE LARGEST FASTEST
GROWING ENERGY SOURCES.
>> IT USED TO BE THAT THE BEST
AND YOU SAY I
AM SO WAS USING PROJECT SUNROOF
WITH GOOGLE ROLLED OUT ABOUT 5,
6, YEARS AGO COULDN'T FIND
WHERE THERE'S THE MOST SOLAR
HITTING THE GROUND THAT'S ONE
IMPORTANT COMPONENT BUT WITH
COMPANIES LIKE PROCTER MOUSE
AND TRANSACT YOU CAN YOU CAN
INTEGRATE
THAT WITH WHERE IS A PARTICULAR
ACREAGE CLOSEST TO A GREAT
CONNECTION WHERE CAN SUPPLY
CHAIN AND MATERIALS GET TO THAT
SITE FASTEST
WHERE'S THE SURROUNDING MARKET
NEED THAT ENERGY IS MOST
SENSITIVE TO PRICE AND
ENVIRONMENTAL CONCERNS LIKE.
WATER USE LOGICAL AND
WETLANDS IN TAX AND BEING ABLE
TO TAKE SATELLITE DATA AND ALL
KINDS OF PUBLICLY AVAILABLE ETA
DATA MAKING DECISIONS SOMETHING
HUMAN ALONE CAN'T PROCESS AS
QUICKLY.
>> EARNS JUST VERY QUICKLY
BEFORE I LET YOU GO BECAUSE THE
ARE THESE COMPANIES EXCLUSIVELY
DEDICATED TO FIGHTING THE
CLIMATE CRISIS OR THE COMPANY'S
A LARGER AMBITIONS AS WELL.
>> AND WE HAVE 2 VERTICAL AS
ONE IS EXACTLY THAT COMPANIES
THAT ARE EXCLUSIVELY FOCUSED ON
SAY WIND SOLAR ELECTRIC
VEHICLES, HYBRID AND THINGS
LIKE THAT. AND THE OTHER IS
BROADER HORSE ALL TECHNOLOGIES
ENTERPRISE SOFTWARE
AI BUSINESSES THAT HAVE A VERY
POWERFUL SOLUTION THAT MAY NOT
HAVE BEEN THINKING ABOUT
PRIORITIZING CLUB MARKETS WHERE
WE CAN PULL INTO THOSE MARKETS