Post NY climate week I’m both inspired by the commitment of innovators and concerned about the challenges of scaling new climate technology that I’ve experienced and continue to hear about from investors and in the press (Monolith, Northvolt, Fulcrum, etc.). We seem to be running into the same roadblocks despite a flood of capital in recent years. I’ve been mulling over the scaling FOAK problem for the past few years, and along with a few others (Caleb Cunningham, Deanna Zhang) think one of the least heralded parts of the solution is that WE NEED TO LEARN FROM OUR MISTAKES & SUCCESSES WITH MORE PROJECT DATA. So we wrote a blog post to articulate the point.
TLDR: First-of-a-kind (FOAK) projects are hitting massive roadblocks, from delays and cost overruns to technical issues. While venture capital is jumping in, most infrastructure investors are staying on the sidelines. Stakeholders (concessionary or market-return seeking) cannot accurately underwrite risk that they cannot measure. We must unlock real-world data to build risk profiles, plan better, and avoid a repeat of Cleantech 1.0.
Solution: It’s time to adopt more data-driven risk management for FOAK projects. With existing but siloed data, scalable modular designs, and thorough preparation, we can ensure smoother implementation and attract more investors to back these critical innovations.
Partner with us for Data & Insights: If you have insights or data on climate tech project costs, schedules, or performance, please reach out to us.
#FOAK, #EOAK, #ClimateTech, #ClimateInfrastructure
Avi Rao,Usua U. Amanam, Ph.D., Kojo Ako-Asare, Emre Gençer, Andras Marton, @Michala Techau, Nana Menya Ayensu, Michael Bruce, Abhishek Malhotra, Harry Simmonds, Amanda Way , Amanda Li, Lara Pierpoint, Lee Scott
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