PRECOURT INSTITUTE FOR ENERGY
“Stanford Energy Ventures”
energy.stanford.edu/energy-transformation-collaborative
ENERGY 203Energy Transformation Collaborative
(ETC)
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Energy Transformation Collaborative – Teaching Team
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Dave Danielson
• Former Assistant Secretary of Energy Efficiency and Renewable Energy, DOE
• Founding Program Director, ARPA-E
Stuart Macmillan
• Precourt Energy Scholar, Stanford University
• Chief Scientist, Analytics, National Renewable Energy Laboratory
Joel Moxley• Co-Founder of Foro Energy, Biota Technology; Founding
Investor & Board of Rubicon Global, Zero Mass Water
• Companies raised >$200MM VC with >$1B private valuations
Energy @ Stanford & SLAC 2017
Clean Energy & Climate is the Defining Challenge of Our Time
80% GHG Reduction in 2050
(~20 years to scale)
Commercial Introduction by 2030
(~10 years to product)
NEW VENTURES NEED TO BE FORMED BY 2020 (TODAY!)
The Fierce Urgency of Now:The Companies That Will Save the Planet in 2050 Need to Be Launched TODAY!
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Energy & ClimateImpact
Power of Entrepreneurship
Energy TransformationCollaborative
New Playbook for Energy & Climate Entrepreneurship
Toolbelt & Network of the Energy/Climate EntrepreneurLaunch a Transformative New Venture
ETC Basics
§ Teach students how to identify, analyze, assess, design, and launch new energy and climate ventures
§ Each Quarter: 4-5 project teams, 20-25 students› Build teams around promising new techs/ideas
§ Primarily graduate students, some undergrads
§ Multi-Disciplinary: ~60% tech, ~40% MBA+
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ETC by the Numbers (Last Two Years)
§ >120 students educated over 25 project teams§ 10 new companies launched
§ 4 with private investment (>$2.9M raised)§ 2 already with revenue
IONICS
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Example Alum Project Team: Fervo Energy
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Tim
Matt
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Ankush
Veena
Megan
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Example Alum Project: Fervo Energy
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Geothermal Everywhere: Delivering cost effective, clean energy through innovations in geothermal energy. ETC Year 2016
Tim Latimer (MBA/MS ‘17) and Ankush Singh (PhD)
● Fervo Energy will execute a novel concept for enhanced geothermal systems –building and optimizing the first ever horizontal, multistage geothermal projects.
● Fervo has received interest from developers for pilot project sites in Idaho and Nevada.
● Advisors include SLAC and NREL personnel and experienced geothermal entrepreneurs.
Energy @ Stanford & SLAC 2017
PRECOURT INSTITUTE FOR ENERGY
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ENERGY 203Wed 2:30-4:30pm
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energy.stanford.edu/energy-transformation-collaborativeDave Danielson: [email protected]
Stuart Macmillan: [email protected] Moxley: [email protected]
TA Austin Sendek: [email protected]
PRECOURT INSTITUTE FOR ENERGY
Energy @ Stanford & SLAC 2018