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With the future energy theories founder Graham lollar connects entrepreneurs in the energy -- with potential investors.
Today he carried me to discuss the latest trends in the energy industry.
Thinking so much for joining here connect thank Peter.
So no host six future energy offense this year in spots in New York in Silicon Valley -- tell me a little bit about the event's history.
As -- it is founded by ultralight start -- which is my company.
We've been around for about five years -- these -- events for Internet startups.
About two years ago -- the oil companies approached us about doing a series.
Just for energy and clean tech startups so that was started last -- we did.
Four events last -- Boston and New York.
It's you were expanded to Silicon Valley and also did one in in DC.
And we're doing international.
Events online as well very well and you just came back from -- -- -- some of the key players that presented it and sell it at night.
We have teams from all -- sort of the the key.
You know research institutions so Stanford University Berkeley and university Lawrence Berkeley national lab the Jet Propulsion Laboratory.
-- -- All sent teams to to this event and they usually do on the West Coast -- have somewhere.
Organizations in the East Coast so I went to -- Colombia and Cornell.
And you mentioned that -- supports the series.
Has -- actually invested in any of the early stage startups that are presented a far they have invested in some of the startup that they've met at our events.
Unfortunately Alex talk to a bush -- those are.
But yeah I mean it -- it's a it's a corporate venture group within -- called game changer.
And that game changer focuses on there early stage managing -- tax that's very broadly defined -- renewable so.
Wind and solar and biofuels.
As well as nuclear oil and gas mobility storage electricity.
-- about everything under the sun as -- as energy goes so they're looking outside the company for innovation.
They are they also look inside the company but specifically what we help them with is finding -- -- -- very early stage startups in those regions and all over the world.
That are outside company that invested in work.
Fracking has been linked to the free falling natural gas prices.
Is that changing the discussion or the types of startups are seeing your future energy -- -- yeah absolutely I think that probably five years ago the price of natural gas was much higher.
And you know there was almost a parity between renewables like wind and solar and oil and gas in terms of energy production.
Now with fracturing there's so much more reserves going online and so much for production and oil and gas and gas in particular.
That's the price of -- has fallen -- -- factor of five or or more.
In which case.
It becomes much cheaper to operate power plants or per -- vehicle using natural gas so renewables -- Relatively less competitive than they were a few years ago so our entrepreneurs scared to go into the renewable energy field now.
Eyewitnesses say they're scared I think that there are there's definitely innovation going on on -- -- sectors and there's ways to make.
You know solar and wind and -- a lot more efficient -- think we're seeing a lot of those technologies -- future energy.
But there's also a lot more innovation in gas and fracking in an oil.
Industries that it's -- since the past five years as well so.
If things like natural gas powered vehicles natural gas powered locomotives and fleet vehicles and buses and things like that gas tanks you know.
Infrastructure to transport natural gas is all being developed very quickly right now when it comes to clean technology Tesla is definitely dominating the conversation.
Are you seeing a lot of entrepreneurs trying to follow in the footsteps of -- -- Yeah I mean I think he's -- he's a fantastic entrepreneur I mean not only not only Tesla but also it's SpaceX and desolate city and PayPal before that so he's like.
The ultimate serial entrepreneur these -- some people say that he's.
As a bigger presence in Silicon Valley -- -- Steve Jobs that does your seeing these companies that are at the cutting edge.
Based on their presentations.
What friends do you think we'll be dominating the energy sector in the next five to ten years.
Well I think following on on the point of a natural gas and about fracturing I think that that is that's really that the big trend over the past few years and I think it's gonna continue I think.
More gas reserves and more gas production -- are going to come online in the United States.
You know we've seen for example from that.
Industries that use natural gas as a as an important feed stock what the chemical industry are going back to the United States and a big way.
So chemical plants -- being built here that that that warrants for for decades because of the price of cheap natural gas.
I think -- for gas vehicles in fleet vehicles are going to be of a big -- as well.
Distributed power generation is also -- big trend.
So you see things like a hurricane sandy took out you know huge portion of the the eastern seaboard into the United States for.
For weeks and months in some cases and and most you know most of those people were connected to the grid and -- able to function.
A few pockets buildings and campuses here and there have their own power generation and were able to continue uninterrupted through that time so I think that you know.
Sort of like.
Responses to natural disasters is is it is it is a big driver distribute power and I think that's going to be a picture -- this book.
And I know that you don't want to pick favorites.
But -- from a surprising idea that you've seen recently.
I can say there's been a few nuclear ideas that that have really surprise me especially because they come out sort of post Fukushima.
And you know when when a lot of the rest the world this is is turning off and turning down their nuclear power but.
A fast thing presentation from a company out of MIT.
That's is producing actually a military use battlefield nuclear power plants and -- -- generation.
That would power like a battalion and all the electronics that go along with them that actually sits you know in Afghanistan -- direct -- to have that nuclear you know that -- -- Battlefield to -- that that's the first question everybody asks them they have they have great answers for it.
It hasn't been deployed yet so so we don't know.
-- and I think if there's there's a lot of economic you know arguments for -- you know they talk about the amount of electricity that goes into powering you know.
The military -- battalion you know all the electronics have been up carry.
And you know by default -- -- -- that's -- -- that that power is generated by -- -- diesel generation and it takes someone like six gallons of diesel.
To fly in one gallon of diesel that then powers a generator that powers.
These guys these guys electronics -- they can -- and you know this this nuclear.
There are saving a lot of power a lot of energy when you put it like that makes a lot of fat.
Thank you so much for getting hit that requisite thank you.
And every -- out.
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