Congratulations Geoff and Mike from Capricorn Power, who won the Climate KIC Launchpad pitching event in Victoria. They are now off to compete in the international Launchpad competition finals in Cyprus on 17-18 October 2017. It was a privilege to help to mentor the team and see the pitch develop over the weeks of the competition. I'm expecting big things from Capricorn Power ... watch this space!
The Melbourne Accelerator Program runs a great series of Master Classes - and this "Pitching 101 for Startups" video is excellent. Does your pitch meet Tony Glenning's standards?
We attended Climate KIC's Launchpad "Bootcamp" workshop in Melbourne on 25-26 August as mentors. Very impressed with the syllabus and quality of the presenters running the workshop - Frans Nauta and Vanessa Rauland. Some great teams attended - wide variety of ideas, some businesses really starting to get established too. They all used the opportunity to step their pitch decks forward, with great feedback helping out along the way. Out of 12 teams, 2 energy specific and one EV leasing. Look forward to working with some of these teams moving forward!
Good talk/ discussion today put on by the EU Centre at UniMelb & FBE. Jorg Lingens: electricity demand behavioural and policy interventions. What determines household electricity demand? Options: storage vs demand side mechanisms. Demand side less expensive and can stabilise system. Real time pricing. So houses and SMEs adjust consumption. But price response is typically v small. Also rich households tend to have higher price responsiveness hence burden on poor. NOTE: in Germany, where Jorg based his research, most households seem to pay fixed annual prices for electricity. So determinants of demand are going to be v different from Australia. Soft interventions: social norms, information provision, psych effects - this is area of Jorg's research. Set energy saving goals with no monetary impact if not reached. Households tend to be present…
Congratulations to the 4th Element Energy team - Linden, Riyan, Guillermo, Nikolas and Asal for being asked to join the TRaM Runway program this year. We look forward to continuing to work on product / market fit and opportunities with you!
Joined a bunch of energy industry people for a round table (more like a long skinny table actually!) this week - some great discussions about the energy Transition, its pace and some of the opportunities and threats for Australia. High (>60%) degree of pessimism in the room about whether we'll meet our Paris INDC commitments, but also high degree of optimism about the rollout of renewables.
Congratulations Allume Energy who have recently commissioned their first "multiple behind the meter" PV installation, where several apartments share a single solar PV system - using existing smart meters. Cool technology and enabling low cost solar electricity for apartment dwellers - both renters and owners.
The peak body from Australia's electricity distributors, Electricity Networks Australia, together with CSIRO, have recently released their report on the journey to zero net emissions by 2050. Bottom line? It's all do-able and cost effective as long as we set out and follow a reasonable plan "With a clear Roadmap, Australia’s electricity sector can outperform current abatement targets, keep the lights on and deliver lower costs". The requirement for storage (e.g. batteries, pumped hydro) on the grid ends up being less than many people anticipate. Well worth a read.
Having pivoted, practiced and perfected their pitches, the startup teams from MAP 2016 are off to Silicon Valley for the next couple of weeks to pitch to potential investors and clients there. Good luck all, particularly Cam and Nick from Allume and Joep from Shacky, who we've advised and worked with this year.
Relectrify's Valentin Muenzel was nominated by the University of Melbourne to present their unique re-purposing technology for lithium batteries at the Falling Walls conference in Berlin on 9 November this year. A list of the startups who presented is here. Congratulations Valentin and team!