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If one were to go looking for a Permian Basin of wind — a wind energy superregion waiting to be born — the actual Permian Basin wouldn’t be a bad place to start.
Wind potential is everywhere in the U.S., off the coasts and in the Mountain West especially, and the Inflation Reduction Act is expected to catalyze 127 gigawatts of onshore wind by 2030, some of which has already been built. It’s Texas, however, that produces more wind power than any other state in the country. And while neighboring New Mexico has fewer turbines, it was one of the country’s leading installers of utility-scale wind in 2021; last month, Pattern Energy announced it had closed financing on SunZia, a long-awaited 3.5 GW wind farm about three hours northwest of the Permian Basin’s New Mexico portion. Once it’s completed, the project will make the state a national leader in installed capacity.
Texas and New Mexico have, respectively, the most and third-most potential wind capacity in the country. While the bulk of jobs created by wind farms come during their construction, turbines still require long-term maintenance and operation — “Jiffy Lube 300 feet in the air,” Andy Swapp, a faculty member at Mesalands Community College’s Wind Energy Technology program in Tucumcarie, New Mexico, called it. According to data from Revelio Labs, a workforce tracking company, more than 20% of wind jobs created in the past year were in Texas.
There’s no comprehensive estimate of how many wind technicians will be necessary to serve America’s wind farms by 2030, but we can make some educated guesses. In 2022, 11,200 Americans worked as wind technicians, with just under half of them in Texas, according to the Bureau of Labor Statistics, servicing a total of 144 GW of capacity (including a negligible amount of offshore wind) — about 0.08 jobs per megawatt. (Other estimates range from 0.1-10.8 permanent jobs per megawatt.)
By that math, just for the buildout of onshore wind spurred by the IRA — and leaving aside the 30 GW of offshore wind that the Biden administration has pledged to build by 2030 — the U.S. will need nearly 10,000 new wind technicians, a fair chunk of whom will be living, spending, and paying taxes in New Mexico and Texas.
Regardless of how the actual numbers shake out (many technicians travel between sites, almost everyone who I spoke with for this story told me), they raise a thorny question: How can the nascent wind industry nearly double the size of its workforce in a matter of years — especially where the industry is already strong?
In and around the Permian Basin, onshore wind is primed for a breakout. SunZia’s turbines will sit about 200 miles away from New Mexico’s Lea and Eddy counties, which account for 29% of the Permian Basin’s oil production. Slightly northwest of Lea is the Oso Grande Project, with 247 MW of wind power; Sweetwater, Texas, is surrounded by wind projects ranging from around 40 to 420 MW. The Permian Basin itself has plentiful wind — more than 2 GW — but there is broad agreement that much more of the area is ripe for wind projects.
All of these wind farms, of course, will need technicians, along with managers and operations and maintenance personnel. Pattern, a spokesperson told me, will “prioritize local vendors, suppliers and workforce,” and is building out its own GWO — short for Global Wind Organisation training, which has become an industry standard certification for working at heights — with training partners for SunZia, which promises more than 100 full-time jobs.
To work as an entry-level wind technician, the company asks for a one-year college or technical school certificate, or else a similar amount of experience in wind-power or other related training programs, or some combination of the two. Other employers in the area make similar asks, though a handful require just a high school diploma.
When more wind farms arrive, locals in West Texas looking for local training programs will have a handful of options, including a course at Texas Tech, a paid training institution, and a few community colleges with wind training, four of which are west of San Antonio.
As of summer 2023, roughly 200 students were enrolled in Texas State Technical College programs, Jones told me, and around 75% of them are on some form of financial aid to cover the $13,000 tuition for the 20-month course. Texas’s powerhouse for creating technicians doesn’t always serve its own state, or even the wind industry. Jones’s students don’t always go into wind — some even go into oil and gas — and they don’t always stay in Texas.
Texas Tech’s wind energy program is robust, Suhas Pol, the director of the university’s renewable energy programs, told me, but it’s primarily aimed at sending students into project management, development and engineering. As of this year, he estimated around 100 students are majoring in renewables, but he thinks awareness on campus is low. Pol and his fellow administrators have conjectured that “many folks are not aware that there is such a program available,” he said.
By next academic year, the university is planning to launch a course that offers additional qualifications for students who want to expand on their associates’ degrees, Pol added. Still, he thinks the field as a whole suffers from a lack of faculty to teach students — because so few people enter the industry, not enough can teach others how to join.
Adrian Cadena’s career path is pretty typical of wind technicians in the U.S., at least according to the BLS. Cadena, a former paramedic in San Antonio, was exhausted by the COVID-19 pandemic. While on a road trip in Texas, he wound up pulling over and walking into the middle of a wind farm, where he took out a cell phone and called his wife. “I said, ‘I think I’m done with medicine,’” Cadena told me. “My wife said, ‘I think you’ve lost your mind.’”
While working at a local hospital, Cadena completed a wind training program at a community college. At a clean energy career fair, he landed a job in safety at a small firm based near Houston. That firm paid for his GWOs. Soon after, an opportunity came up at Vestas Wind Systems — one of the industry’s giants — to work as a traveling safety contractor. Then last summer, the call came from another contractor to serve as a project manager on the safety side for Vineyard Wind, one of the country’s first large-scale offshore wind farms, which began delivering electricity just this week.
The federal government is also considering laying its own paths, as evidenced by the launch of the American Climate Corps in September; its first cohort could start as soon as this summer. Other roads leading to wind farms can pass through union-based apprenticeships, although those generally create “well-rounded electricians,” not necessarily wind specialists, according to Bo Delp, executive director of the Texas Climate Jobs Project.
Still, people who understand electronics are in high demand. Many job openings on Indeed across Texas this summer noted that a certification or degree in wind energy is preferred, while experience with mechanics and electronics is typically required, even for entry-level positions. George Jackiewicz, a safety coordinator currently based in Long Island who has worked around the country, told me that “if you’ve got common sense, some mechanical skills, a little bit of electrical, you can get in with zero experience.”
Companies, he explained, will train their own workers, including through their own apprenticeships. In conjunction with Vestas, Sky Climber Renewables runs TOP Technicians. The program finishes out three weeks of training with an assignment at a Vestas wind project. As Jones said, in earlier times “you just came in off the street, they gave you an electrical test and an aptitude test. If you could pass both of those, they could find a place for you. Now there’s more to it.”
In New Mexico, three institutions teach future wind technicians, but only Mesalands has a dedicated wind program and turbine, graduating roughly 20 students each semester, Andy Swapp told me. Unlike TSTC, Mesalands doesn’t give students their GWO certifications, though climbing towers is part of the curriculum.
While TSTC’s Jones doesn’t have much of a recruiting operation, Swapp runs a full-court press, including online ads and trips to high schools for “kid wind” competitions to design turbines, on top of word-of-mouth recruiting from previous students.
“The hardest part of this job is filling the classroom,” Swapp said. “I think if we could fill our classroom every semester, we could meet the need.”
In Lea County, 180 miles away from Mesalands, wind training is scarce, said Jennifer Grassham, president and CEO of the local economic development corporation. She thinks it has to do with demand — too few projects nearby to spur the need for trained technicians.
Meanwhile, a well-coordinated economic engine brings people into oil and gas in Hobbs, the county’s largest city, with 5,808 residents employed in the industry. New recruits can easily find training through company-sponsored programs (the industry norm, according to Grassham); New Mexico Junior College, located conveniently in town; or even the city’s technical high school, which offers “very specific oil and gas training,” Grassham explained.
Individuals interested in entering the field can also easily get a certification ahead of time. One method is to take an online course for around $600 from the University of Texas’s Petroleum Extension, which includes about a week’s worth of work.
“To get a job on a rig is fairly easy,” John Scannell, PETEX’s operations manager, said. “The companies that hire for those jobs, they don’t expect a lot of existing knowledge, so I know a lot of the drilling companies will hire people if they just take our basic overview of working on a rig.”
Lea County’s economic development council is thinking about wind and solar development, Grassham noted, but conversations about the workforce haven’t begun. If more wind farms like SunZia pop up offering hundreds of jobs, that might spur those conversations. “I think we still respond to supply and demand,” she said. “If there was a density around the demand for wind-related job training, the junior college would stand up a wind program almost overnight.”
Even when the demand arrives, workers may still face challenges. Some wind industry workers I spoke to for this story told me they struggled to secure raises, even with years of training and experience. “We really have to take a step back and think about how this transition is going to happen in a way that produces a more resilient economy,” Delp said. “If we build this transition on the backs of workers, we are going to be dealing with the political and economic consequences of that for decades.”
But presuming the industry can train enough people and keep them happy, every person I spoke to emphasized the same thing: Wind jobs are good jobs, especially if working at heights is a thrill and not a deterrent.
Jackiewicz — skeptical that the labor force as a whole will meet the moment at the pace required — is still a booster. “This is the only place I know that where someone without a high school education can earn six digits a year,” he said. “People I meet, I encourage them — ‘hey if you’ve got common sense, you can make a lot of money.’ I would recommend it as long as it’s here. Clean money, dirty hands.”
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Investors are piling into startups that promise to solve hard problems using little energy. But that doesn’t meant the answer is ‘yes.’
Physicists have spent decades trying to apply the laws of quantum mechanics to the physical world in the form of quantum computers, devices that promise to solve some of the hardest problems in biology, chemistry, and materials science at unfathomable speed. Many experts say this technology is finally on the cusp of commercial viability. Physicists and software engineers are understandably excited. But so, too, is another group that might raise eyebrows: climate investors.
Investment in quantum startups rose to $12.6 billion in 2025, six times the prior year’s total, according to McKinsey. The consultancy forecasts that the technology could drive up to $2.7 trillion in economic value by 2035 as it spurs efficiency and revenue gains across sectors. Climate tech venture capitalists understandably want a piece of that pie.
Examples abound. Lowercarbon Capital participated in the quantum startup Oratomic’s gigantic $300 million Series A, announced earlier this month. Just a few months prior, Breakthrough Energy Ventures led quantum pioneer Sygaldry’s $139 million Series A, which also included participation from Singapore-based climate-focused investor Earth Venture Capital. And earlier this year, Planet First Partners led a $200 million later-stage round for quantum company Photonic Inc., now valued at over $2 billion.
They’re hardly the first VCs to argue that the worlds of quantum and climate are closer than they might initially appear. Prelude Ventures has backed Atom Computing since its 2018 seed round, all the way through its $100 million Series C last month, while Berlin-based VC World Fund has supported IQM Quantum Computers — which went public via SPAC about three weeks ago — since 2022. All say that quantum computers will be dramatically more energy efficient than today’s so-called “classical computers,” reducing costs and electricity usage across applications ranging from artificial intelligence workloads and transportation logistics to power grid optimization.
That advantage stems from the fundamental nature of the system’s architecture. The physics is extraordinarily complex, but the basic idea is that unlike a standard computer, which encodes information as zeros and ones, quantum computers rely on units called “qubits.” Rather than representing a single binary value, qubits can “be both a zero and a one, or any state in between at the same time,” Idalia Friedson, Sygaldry’s co-founder, told me.
That mind-bending proposition totally changes the way computers problem-solve. Rather than sequentially testing one possible solution after another, quantum computers can evaluate many possibilities simultaneously, hopefully allowing them to solve challenges such as molecular simulation, materials discovery, and drug design exponentially faster than is currently possible.
This tech won’t replace today’s computers, which experts told me will almost certainly remain more practical for everyday tasks such as browsing the internet, making spreadsheets, and word processing. Rather, the future of computing will likely be a hybrid in which classical computers handle the bulk of the work while quantum computers address specific, complex problems.
For its part, Sygaldry is building quantum-powered AI servers that can plug directly into existing data center infrastructure, combining quantum processors with classical chips in the same machine to expedite both model training and inference. The startup is also unique in its effort to combine multiple types of qubits — yes, there is more than one kind — within the same system, matching each qubit type to the problem it’s best suited to solve.
“You can create a qubit by using photons, which are actually like light particles, by trapping ions, by creating artificial atoms,” Friedson told me, explaining that each type has its pros and cons. “Some are fast, some are less expensive, some are more manufacturable or scalable. But by and large, no single type of qubit meets all of the characteristics needed for commercial high-performance computing.” Thus, Sygaldry is taking a mix-and-match approach, pairing different types of qubits with the AI workloads they’re best adapted to handle, ultimately aiming to extract more from our existing data center infrastructure and curb the AI boom’s runaway energy demands.
But as with all breakthroughs that promise faster, better, cheaper AI, the spectre of Jevon’s paradox looms large. This is the observation that as technologies become more efficient and cheaper, total resource consumption often rises rather than falls as lower costs spur demand.
When I asked BEV’s Christian Garcia, who led the firm’s investment in Sygaldry, about whether he worries that quantum companies could contribute to an uptick in overall AI energy demand, he told me it seemed a little outside his remit. “I almost feel like it’s a question for a philosopher to answer,” he said, explaining that he has no way of knowing what the advanced computing industry will look like decades down the line. Instead, he’s focused on the shorter-term problem companies like Sygaldry purport to solve: Grid bottlenecks are constraining AI growth.
“Even as algorithms get more efficient, and even as GPUs get more efficient, the demand for tokens is outstripping the ability to bring power online,” Garcia explained. “And so we view investing in new computing platforms as a way to solve power challenges in a lot of ways, and I think that’s bread and butter for us.”
Mark Cupta, the Prelude investor who has backed Atom Computing since 2018, expressed a similar sentiment. “Regardless of what [quantum computing] is used for, it will use less energy as a baseline,” he told me. “Could it discover great things? Yes. Could it also break things? Absolutely. We’ve gotten comfortable with that.” Climate-positive applications that particularly excite Cupta include designing novel compounds to better capture carbon dioxide out of the air or industrial smokestacks, discovering more efficient catalysts for the energy intensive Haber-Bosch process used to produce ammonia-based fertilizer, and perfecting the chemistry behind solid-state batteries, which could be safer, longer-lasting, and far more energy dense than standard lithium-ion cells.
But quantum computing could also break many of today’s standard encryption methods, which secure everything from online banking systems and medical records to cryptocurrencies. It could help oil and gas companies with exploration, extraction, and petrochemical processing, helping to make fossil fuel production more efficient and cost competitive with renewables. Or maybe its greatest commercial value lies in, say, helping hedge funds optimize their trading strategies and portfolios — not necessarily a climate-negative application, but a far cry from the breakthroughs many sustainability-focused investors are hoping for.
The technology’s ultimate climate impact will always depend, to some degree, on how and where it’s deployed. Yet when Cupta looks at Prelude’s portfolio of climate tech solutions, he mainly sees the ways that quantum could help them move faster and build superior products. “If you think that the things we’re inventing are going to be better for the world than what came previously, you want to supercharge those things,” he told me.
He’s betting Atom’s platform will prove to be “the most energy-efficient and lowest footprint” approach in the industry. The company builds its qubits from neutral atoms, which have an equal number of protons and electrons and thus no net electrical charge. This system traps them in mid-air using tightly focused laser beams, a setup that allows the atoms to be packed far more densely than many competing designs, which often use micron-scale wires. And because the laser traps are movable, the system can rearrange qubits on the fly to optimize for different tasks.
Neutral atom-based systems are a relative newcomer to the quantum computing landscape, but Cupta believes they have the potential to leapfrog the industry’s dominant architecture: superconducting qubits. Often described as artificial atoms, these qubits are tiny electrical circuits engineered to mimic the quantum behavior of atoms. They underpin the quantum efforts of tech giants like Google and IBM, as well as startups such as Rigetti Computing — founded by Sygaldry’s other co-founder, Chad Rigetti — and IQM Quantum Computers.
But when Cupta was first exploring the idea of a quantum investment, he said nearly everyone he spoke with admitted that if they were “starting from scratch” they wouldn’t choose to work with superconducting qubits. That suggested to him that this approach had become a legacy technology, while Atom Computers’ neutral atoms represented the future. Other investors now appear to be buying that thesis. Last month, the startup announced a $100 million Series C, and is also set to receive $100 million from the U.S. Department of Commerce as part of a $2 billion CHIPS Act investment in quantum computing and manufacturing. For its part, Oratomic — a Lowercarbon portfolio company — is also working to build a neutral atoms-based quantum computer.
Prelude has been wrong about quantum before, as have plenty of other investors. The firm also co-led the Series A and B rounds for the quantum software company Zapata Computing, which went public via SPAC in 2024. The stock quickly collapsed, and within seven months the company had run out of cash and ceased operations. It eventually restructured and reemerged as Zapata Quantum, though its shares are still only worth around $1 on the lightly traded OTCQB market.
There’s also always the possibility that a climate-focused startup could simply reinvent itself, pivoting toward a more promising market opportunity. Consider the case of Crusoe. The AI data center builder and operator now valued at over $10 billion initially pitched itself at the beginning of the decade as a climate tech startup, using natural gas that would have otherwise been flared off to power cryptocurrency mining, thereby reducing emissions. While always an unconventional thesis, sustainability-focused VCs like Lowercarbon, G2 Venture Partners, and MCJ Collective piled in. Since then, the company has greatly expanded its natural gas footprint as it’s pivoted aggressively toward building AI data centers.
All of which is to say, there’s simply no guarantee that a climate tech startup will stay true to its original mission, or that the energy savings and efficiency gains it promises will ultimately materialize. The possibility of a paradoxical outcome is just a part of investing in energy efficiency technologies.
Investors seem to have gotten comfortable with the discomfort. But the public may not have to wait too much longer to see the first signs of what a quantum-powered future could look like. Sygaldry is aiming to “have some meaningful technology by the end of the decade,” Friedson said. “Over the next couple years I expect quantum is going to start reaching these really valuable inflection points that continue to drive adoption.”
Current conditions: Tropical Storm Bertha washed out the majority of monitored sea turtle nests in the western part of the Florida Panhandle • Record rain in West Virginia swelled creeks that toppled bridges in the north central part of the state • In the Pacific, Tropical Depression Kiyapo is barreling toward the northern part of the Philippines’ Luzon island.

China just quietly upped its target for renewable energy consumption, ratcheting up the goal 53% by 2030, rising to 1.8 billion tons of coal equivalent from 1.18 billion tons last year. That’s according to the latest five-year plan for renewables the National Development and Reform Commission published on its website. Wind and solar, paired with energy storage, are expected to provide 20% of electricity during the summer and winter evening peak periods, up from 10% currently, according to Bloomberg. By 2030, Beijing wants 300 gigawatts of peak capacity from renewables. Non-electric utilization of renewables, such as for heavy industry, is projected to rise to 150 million tons of coal equivalent from 60 million in 2025. The People’s Republic is betting on novel technologies to start taking off. By the start of the next decade, China wants to increase solar thermal capacity to 15 gigawatts from just under 2 gigawatts at the end of last year. The government wants marine energy, such as tidal and wave power, to go from virtually nothing today to at least 400 megawatts.
In the meantime, Beijing’s buildout of nuclear reactors continues apace. Per my promise to keep you abreast of all the big milestones, here’s the latest: China General Nuclear just installed the “supermodule” for the CAP1000 — the Chinese version of America’s Westinghouse AP1000 — at its Unit 2 project at the Lufeng Nuclear Power Plant in Guangdong Province. The installation this week of a module that’s too big to be transported by rail or boat and thus needed to be fabricated on site “signifies that the construction of the reactor building” for the new unit “has entered a new phase.”
Meta has quit a top corporate initiative to promote clean energy as the Facebook parent company has built out at least a dozen gas-fired power stations to supply electricity to its data centers over the past year. While rivals such as Apple, Google, and Microsoft remain members of the RE100, a project of the British-headquartered nonprofit the Climate Group that former United Kingdom Prime Minister Tony Blair co-founded, Recharge News reported that Meta had left the initiative. A spokesperson for the company told TechCrunch it was a mutual decision, though Meta declined to comment on the exact reasoning.
The United States currently has a little over 70 gigawatts of capacity to manufacture solar panels each year. Tesla has plans to dramatically increase that number. “We are just going to multiply it [by] an order of magnitude,” Vaibhav Taneja, Tesla’s chief financial officer, said during an earnings call Wednesday night. “We’re going at a very rapid scale.” It was just one of the various investments the electric auto giant is banking on investors to support as billionaire CEO Elon Musk ramps up spending on manufacturing semiconductors and humanoid robots as part of its artificial intelligence buildout, while also tackling an energy source that the scale of China’s factories has largely brought down to a commodified price. The stock plunged nearly 15% on Thursday as CNBC cautioned that investors are increasingly spooked about spending on artificial intelligence. “Yes, this means that we are doing a lot of things all at the same time,” Taneja said. “And that’s why we just have to go as fast as … humanly possible, make things work in the real world.”
Adding to the company’s woes: The U.S. government is now looking to strengthen regulations on car door hands after federal filings linked electric door failures to at least 15 deaths in Tesla vehicles, Bloomberg reported.
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The price of Brent crude, the international benchmark for oil, surpassed $100 per barrel for the first time since May amid President Donald Trump’s threats to ramp up the U.S. bombing campaign against Iran and a resurgence of attacks from Yemen’s Tehran-backed Houthi rebels in the Red Sea. West Texas Intermediate, the U.S. benchmark, finished out the day of trading at a little over $92 per barrel. Murban crude, out of the United Arab Emirates, soared nearly 20% to more than $107 per barrel. On Thursday, Trump told Axios he was close to a final decision on whether to launch a “massive attack” on Iran, “bigger than ever before.” The threat comes on what the Financial Times clocked as the 12th straight night of U.S. strikes against the Islamic Republic.
A new analysis from the consultancy Wood Mackenzie, meanwhile, showed the limits of Saudi Arabia’s main bypass for the Strait of Hormuz. Riyadh redirected virtually all crude exports through its East-West Pipeline to Yanbu on the Red Sea after Iran closed the narrow waterway at the mouth of the Persian Gulf at the start of the war in February. Volumes flowing through the pipeline peaked at more than 4 million barrels per day in March. But by June, that flow declined to about 2.4 million barrels per day, a 41% decline. On the whole, crude exports out of the Persian Gulf fell 82% between January and June. That’s likely due to dropping production as the regional industry struggles to find sufficient outlets for its supply. The Red Sea corridor also also “faces a declared Houthi blockade that, if enforced, could reduce global oil supply considerably.”
The U.S. has 4.2 billion short tons of coal reserves in active mines and another 356 billion short tons in untapped deposits, according to an updated U.S. Geological Survey report the Department of the Interior released Thursday. If extracted and burned in a power plant, the coal could supply the nation’s needs for at least 600 years at the current rate of consumption, the agency said. “American Energy Dominance is more important than ever, and so is beautiful, clean coal’s role in the production of electricity needed to fuel our future prosperity,” Secretary of the Interior Doug Burgum said in a statement. “Thanks to the USGS’s rigorous and independent assessment, we’re better equipped to manage America’s vast public lands responsibly while supporting energy security and economic opportunity.” Of the 34 coal mines on federal land, 14 are located in Wyoming, followed by Colorado with six, North Dakota and Utah with four mines each, and Alabama and Montana with three mines each. But Wyoming's mines contain 87% of the reserves associated with active mines on federal lands. As I told you last month, the Trump administration put up $850 million to support a coal revival. And the Iran War, as my colleague Matthew Zeitlin wrote in March, is only fueling more demand for coal.
Last month, I told you that Japan was the other country, besides the United States, bucking the global trend toward more, not less, offshore wind. Here’s a good reminder that, in most cases, such trends are directional, not definitive. The 315-megawatt Oga-Katagami-Akita offshore wind project just received its certification from Japanese regulators, “confirming that the design of its wind power generation facilities complies with” technical standards. It’s a major step toward building the array of 21 Vestas turbines off the coast of Akita Prefecture, per offshoreWIND.biz.
Rob talks with Charm Industrial cofounder Peter Reinhardt about “liquid smoke” and how it can store greenhouse gas at gigaton scale.
Charm Industrial is a climate tech company that takes biomass and converts it into a heavy, carbon-rich oil that can be injected underground, transmuting and storing the greenhouse gas far from the atmosphere. They’re scaling up fast and recently announced a new $20 million debt facility with JP Morgan; the bank also agreed to buy more than 60,000 tons worth of removals from them.
On this episode of Shift Key, Rob is joined by Peter Reinhardt, the CEO and cofounder of Charm. (He’s also the CEO of the trucking company Revoy, a founder of the autoimmune therapeutics company Antipode, and a board member at the electricity data company Arcadia.) They talk about what makes Charm different, how it is scaling operations as a carbon removal company, and the changing politics of climate change.
Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap News.
Subscribe to “Shift Key” and find this episode on Apple Podcasts, Spotify, Amazon, or wherever you get your podcasts.
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Here is an excerpt from their conversation:
Robinson Meyer: You’ve had a very interesting career of starting in software, exiting a software company, and now working in the world of molecules. And I think there are two ... frankly, I’m gonna simplify things, but I feel like there’s two pathways that bring people into, let’s say, venture-backed climate startups. No. 1 is people worked at SpaceX or Tesla, or No. 2, people worked at a software company and then cared about climate change and got into the molecule space. And so as someone who was at a software company, exited, and now works with CO2 — works with physical things — what has surprised you most about working in molecules, and what have you brought from the land of bits to the land of molecules?
Peter Reinhardt: I think the main thing that i’ve brought is an expectation of pace, and that the pace can be faster, and the main thing that I have encountered that is new is the regulatory and policy environment. It doesn’t really exist in software — like it’s not a surprise that AI is the fastest growing sector in the economy right now. Everything else is regulated to stasis. And so you have an unregulated thing, relatively speaking; it’s growing super fast and creating all kinds of all kinds of good for people. We all use it every day because we get some value out of it. And so that has been hugely eye-opening. And the politics of deployment in hardware — politics of deployment don’t really exist. I mean, maybe they do around AI, but they don’t really exist in the software world. You deploy at your own pace and that’s it.
The politics of deployment in hard tech and climate are very complicated. And I think I went in with a very naive viewpoint, which is that in theory, Democrats are super aligned to climate and super aligned to deployment. In practice, I don’t know. If you look at like — I mean, I wrote a blog post about this, which is like, regulation is doubling the cost. It is impossible for us to get started in California. This is nominally the state that’s the champion of climate today. It’s not leading on renewable energy development. I tried to go there first in terms of deploying carbon removal. God knows the forests in California could use it, right? For the same reason that we’re here in Colorado, we were told it would be like 10 years to get the first injection while permitted.
That’s not what leadership in climate looks like, no matter how you slice it or dice it. It can’t take 10 years to try to deploy a novel technology. I would love to deploy in California. It’s my home state. I live there, and I come out to Colorado once every two weeks to be with most of the team here. But that’s not what leadership looks like. And so again, in theory, there’s a lot of talk. But particularly on the Democrat side, the gap between talk about climate and climate action versus the reality on the ground of actually trying to deploy stuff is massive, and like, deeply, deeply challenging, I would say, to my identity over the last few years. And like very, very discombobulating.
You can find a full transcript of the episode here.
Mentioned:
Charm’s new deal with JP Morgan
The ProPublica story Peter criticized
“Over-Regulation is Doubling the Cost,” by Peter
The Cantwell-Sheehy bipartisan carbon removal bill
Previously on Heatmap: Charm Is Working With the U.S. Forest Service on a Carbon Removal Pilot
This episode of Shift Key is sponsored by ...
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Music for Shift Key is by Adam Kromelow