Listen on: Apple Podcasts | Spotify | YouTube | Pocket Casts
Select Quotes From This Episode:
"We've developed what we call the world's first rechargeable fuel." — Peter Godart
"There's really no other technology that can store energy for this long and then be dispatched as easily." — Peter Godart
"Aluminum is just one of the best materials we have available to actually burn something." — Peter Godart
"If you don't have a green grid, actually exacerbates the issue. At least in the short term, makes things worse." — Peter Godart
"Our first customers are going to get super lucky. They're going to get fuel that is much cheaper than fossil fuels and completely carbon free." — Peter Godart
Today Peter Godart, co-founder of Found Energy, explains how he’s going to solve decarbonizing the industrial sector. Think steel, cement, chemical, food & bev production. All of those areas use high heat steam. Usually created using water and burning some fuel (natural gas is common).
Their solution replaces that with oxidizing (burning) aluminum. Something that was not previously known how to do efficiently. But after 10 years at NASA and in his PhD he figured it out.
They are at or below cost parity already. You don’t need any grid upgrades to make this work. Their is a built out supply chain system from the coal days. And moving aluminum doesn’t present any environmental hazards (when was the last time you heard of a deadly aluminum spill?).
Today he breaks down the tech, how they are going to market, how they are building the ecosystem, and how they are going to solve industrial decarbonization in short order.
After 4.5 years running this podcast, this is by far the most mind-blowing episode I’ve recorded. I mean this genuinely. 🤯🤯🤯 (yes 3x)
Check Out Our Sponsor!
ErthTech Talent: Affordable CleanTech Search Firm
To build a successful CleanTech startup, you need the right people.
Affordable: Our search fee is 12-15% of first-year base salary (most charge 25-30%).
Specialized: We ONLY work with CleanTech startups.
Proven: 70+ placements since 2020 (Aypa Power, ChargeScape, QCells, & more).
Save time and money when you work with ErthTech Talent. Plus, Silas runs it, so you already know him. — Reach out today and tell him you saw this ad.
Support the show!
Upgrade to paid today! It’s $10/month or $100/year. You probably spent that much on random amazon stuff last week. What’s stopping you from upgrading to paid?
📺 Watch on YouTube | 🍎 Apple Podcasts | 🎧 Spotify | 🗣️ Join the Slack Channel
📝 Show Notes:
Topics
01:04 - What's the core technology and how does it work?
Learn how Found Energy's aluminum fuel creates steam, a process that's central to their technology.
04:58 - Why is a new fuel source needed for industrial decarbonization?
Understand the limitations of electrification and the need for a new thermal energy solution to help industries go green.
13:00 - What is the "rechargeable fuel" concept and its business benefits?
Explore the unique business model of a rechargeable fuel and the financial advantages it offers.
19:08 - What's the path to cost parity with fossil fuels?
Get a breakdown of how Found Energy plans to compete with—and beat—the price of traditional fossil fuels.
20:56 - How does using aluminum waste create a competitive advantage?
Discover how the company's strategy of using low-grade aluminum waste gives them a major economic edge.
26:24 - Which industries and markets are being targeted?
Find out which core industries Found Energy is focusing on and their strategy for market entry.
34:36 - What's the plan for building out the supply chain?
Hear about the long-term vision for creating the necessary infrastructure to support their fuel production and delivery.
40:37 - How does the energy density compare to traditional fuels?
See a comparison of the energy density of aluminum fuel versus fuels like diesel to understand its logistical benefits.
50:51 - What are the next milestones for scaling the technology?
Learn about the company's immediate plans for moving from pilot programs to full-scale, megawatt projects.
01:01:50 - What's the timeline for commercial deployment?
Get a clear schedule for when the technology will be ready for widespread commercial use.
Links
Connect with Somil on LinkedIn | Connect with Silas on LinkedIn
This podcast is NOT investment advice. Do your homework and due diligence before investing in anything discussed on this podcast.
