Impact Science Ventures

I know winter is around the corner but it's getting hot in Utah! The Interior Department has given the greenlight to Fervo Energy's Cape Project with the potential to produce up to 2GW(!!!) of clean, firm power 24/7. Impact Science Ventures portfolio companies continue to make progress towards the decarbonizing the grid. https://lnkd.in/gmDXUQxm

"When firms like TPG are coming in to provide the finance for the facilities, that's a market signal that these projects are bankable" says Robert Ethier of Impact Science Ventures. Read our latest Friday Letter to find out more...

Big news from Fervo's second annual Technology Day! We just completed the world's most successful Enhanced Geothermal System well test, tripling our output from last year's Project Red, and we have secured a transformative $100M construction loan from X-Caliber Rural Capital to accelerate our development at Cape Station. The successful well test announced today establishes Cape Station as the most productive enhanced #geothermal system in history and is yet another data point that technology performance of geothermal is decades ahead of schedule. Fervo has proven itself as a leader of enhanced geothermal, uncapping the industry’s potential and making future goals a reality today. Thank you to everyone who celebrated these successes with us at Technology Day! More about Technology Day here: https://lnkd.in/e83979E2 More about the $100 million loan here: https://lnkd.in/emeC-49f

Challenges of deep-tech ventures: 1. Complex technology and commercialization risks. 2. High capital investment. 3. Extended timelines. Learn more: https://mitsmr.com/3YWVlE3

2024 WORLD MATERIALS FORUM: and the winners of our Start Up and Scale Up Challenges are ??: - START UP CHALLENGE Grand Prix to Aepnus Technology - Lukas Hackl and Bilen Akuzum, Ph.D. Coup de C?ur to Pure Lithium Corporation - Emilie Bodoin - SCALE UP CHALLENGE Grand Prix to Brimstone Energy - Hugo Leandri Coup de C?ur to ZetaEnergy, LLC - Tom Pilette and Michael Liedtke Philippe Varin, stephane Mangin and I would like to thank the Grand Est Region - Franck Leroy and Valerie Debord - for contributing to the higher amount of the Scale Up Awards this year and of course all our jury members for their time and super valuable insights - especially these who were with us in Paris: Bronwyn Fox, Gervais Jacques, Shirley Meng, Martina Merz, Hartwig Michels and Bernard Pinatel. Finally our thumbs up to all 2024 Scale Up and Start Up nominees: you are "just great" and we wish you the best - https://lnkd.in/e42MQaet

We are thrilled to announce that Activate has accepted a record 62 new scientists with 50 groundbreaking companies into our fellowship! Chosen from an impressive pool of over 1,000 applicants, the 2024 #ActivateFellows have been selected for their pioneering work across critical sectors such as energy, transportation, manufacturing, and agriculture. Stay tuned for updates on what these exceptional scientists and engineers are up to! Read more about our newest cohort: https://lnkd.in/gWhtyucB

We just executed two PPAs with one of the nation’s largest utilities.?? ? Southern California Edison (SCE) will purchase enough power from Fervo’s 400 MW Cape Station project for the equivalent of 350,000 homes across Southern #California.? ? We are excited to support California’s commitment to clean, zero-carbon electricity by providing a dependable and adaptable solution. More here: https://lnkd.in/dTkRDs2P #geothermal #EGS

Circularity is they key to industrial sustainability and profitably recycling battery manufacturing waste streams (rather than just the battery itself) is a massive and growing market. Because of that, we're thrilled to announce our investment into Aepnus Technology, led by the dynamic duo Lukas Hackl and Bilen Akuzum, Ph.D. ! This team will lead the way in sustainable battery manufacturing. https://lnkd.in/gZH9NVJx