DeepSummary
The episode is an interview with Rafi Garabedian, the co-founder and CEO of Electric Hydrogen, a startup that is working to make green hydrogen economically viable. Rafi discusses the potential of green hydrogen as a clean energy source and the opportunities it presents in the transition away from fossil fuels.
Rafi explains that the decreasing cost of renewable energy, such as wind and solar power, has made green hydrogen more economically viable in recent years. He also highlights the growing political will and policies aimed at decarbonization, which are driving the adoption of green hydrogen and other clean energy technologies.
Rafi provides insights into the applications of green hydrogen, including its use in industries like ammonia production, steel manufacturing, and aviation fuel. He discusses the challenges of developing the necessary infrastructure for transporting and utilizing green hydrogen, as well as the potential timeline for widespread adoption in different sectors.
Key Episodes Takeaways
- Green hydrogen has the potential to play a significant role in decarbonizing various industries and transitioning to clean energy sources.
- The decreasing cost of renewable energy and growing political will for decarbonization are driving the adoption of green hydrogen.
- Developing the necessary infrastructure for transporting and utilizing green hydrogen is a major challenge that needs to be addressed.
- Applications of green hydrogen include ammonia production, steel manufacturing, aviation fuel, and potentially as a long-duration energy storage solution.
- Deep-tech startups need to consider the market and potential payoff, in addition to the technological development, when raising capital.
- Founders should view venture capitalists as partners rather than adversaries when raising capital.
- The adoption of green hydrogen in different industries will depend on factors such as economics, regulatory environment, and decarbonization pressure.
- Achieving widespread adoption of green hydrogen will likely take time and involve a coordinated effort among various stakeholders.
Top Episodes Quotes
- “We are going through a global retooling of the industrial infrastructure that our world is built upon. Human kind of modern society is built upon, and it's driven not just by changes in technology, but by the will to alter the course of climate change.“ by Rafi Garabedian
- “Hydrogen provides that bridge between the renewable energy world and that other, much bigger world of molecular energy and feedstock.“ by Rafi Garabedian
- “The problem we're trying to solve in the green hydrogen industry as a whole, which it's an emerging industry, it's not really an industry yet. It is massive, and it includes not only the production of the green hydrogen, but its transport and utilization.“ by Rafi Garabedian
- “If you succeed with the hard part, the tech development part, which is super expensive, if you succeed with that, what's the payoff look like for them? And to really think that through and present it properly to raise capital, you have to not just think about the technology, you have to think about the market.“ by Rafi Garabedian
- “Don't approach your vcs as adversaries. That's, I think, to distill the advice.“ by Rafi Garabedian
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Episode Information
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
Nick Moran | Angel Investor | Startup Advisor | Venture Capitalist
2/12/24
Raffi Garabedian of Electric Hydrogen joins Nate to discuss Why the Opportunity in Energy may be as Large as AI, The Path to Decarbonization, and Fundraising Advice for DeepTech Startups. In this episode we cover:
- Green Hydrogen and Its Potential for Clean Energy
- Energy Transition and Business Opportunities in a Changing World
- Green Hydrogen Applications and Timeline for Ammonia Transformation
- Decarbonization in Various Industries
- Green Hydrogen Infrastructure Development
- Green Hydrogen Viability and Political Support
Guest Links:
The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.
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