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Stanford’s Rob Jackson discusses methane, the “my-ocene,” and his new book, Into the Clear Blue Sky.

Mornings are my time for thinking about Rob Jackson — specifically, when I am making coffee. Every time I reach for the knob on my gas stove to heat my water kettle, I remember something he told me during our discussion of his new book, Into the Clear Blue Sky: The Path to Restoring Our Atmosphere: “We would never willingly stand over the tailpipe of a car breathing in the exhaust, yet we willingly stand over a stove, breathing the exact same pollutants.”
Mornings, incidentally, are also my time for practicing holding my breath.
Jackson is the chair of the Global Carbon Project, a professor of Earth science and a senior fellow at Stanford University’s Woods Institute for the Environment and Precourt Institute for Energy, as well as one of the most highly-cited climate and environmental scientists in the world — all a long way of saying, he spends a lot of time thinking about kitchens and neighborhoods just like mine. But emissions aren’t the only thing that occupies Jackson’s time these days; while he stresses that reducing emissions is still the “cheapest, safest, and only sure path to a safe climate,” his book also reluctantly examines technologies that remove greenhouse gases from the atmosphere after they’ve been emitted. “In truth, I’m frustrated … because we shouldn’t need them,” he explains.
Ahead of the release of Into the Clear Blue Sky on July 30, I spoke with Jackson about why it’s so difficult to make people care about atmospheric restoration in the same way they care about habitat loss or extreme weather, and the stories, people, and emerging technologies that do make him hopeful. Our conversation has been lightly edited and condensed for clarity.
In the introduction to Into the Clear Blue Sky, you write that restoring the atmosphere “must invoke the same spirit and philosophy used to restore endangered species and habitats to health.” But unlike with polar bears or glaciers, we usually can’t see the damage to the atmosphere. Do you think that is part of why we’ve been so slow and halting in addressing greenhouse gas pollution?
A little bit, I do. I think the real reason we’ve been slow to address greenhouse gas pollution is because we are better at just continuing with the status quo. We aren’t making changes in our lifestyles and our industries. I’ve grown skeptical that people will respond to climate thresholds like 1.5 [degrees Celsius of warming] or 2 C. People don’t really understand why those numbers are important — they don’t understand what they mean in paleo-time, in terms of sea level rise and ice melt. I’m seeking a different motivator, a different narrative for change. And I think restoration is a more powerful narrative than some arbitrary temperature number.
There are several moments in the book where you suggest that decarbonization has benefits beyond just addressing climate change — like how feeding cows red seaweed accelerates their weight gain, or how electric motorcycles don’t have the fumes, vibrations, or noise of gas-powered motorcycles. Do you think we need to market green technologies in ways that go beyond just cleaning up the atmosphere?
Yes. Approximately half the population in the United States isn’t motivated by concerns about climate change, and we have to reach them a different way. I strongly believe that climate solutions won’t just help our grandchildren; they’ll help make us healthier today, and ultimately help us save money.
Air pollution is the best example: Our air is cleaner today than when I was a boy. So is our water. But there are 100,000 Americans who still die from coal and car pollution every year in the United States, and one in five people worldwide — that’s 10 billion people a year who die from fossil fuel pollution. Those deaths are unnecessary and senseless. We have cleaner technologies available now. So if we can help people see that clean energy and climate solutions will restore our water and air, they might be more likely to say, “Okay, let’s give it a try.”
CO2 and methane are the big villains of the book, but I noticed that you don’t tangle with nitrous oxide too much. Was there any thinking behind that decision?
The problem with nitrous oxide is there are fewer things that we can do to reduce emissions. The number one source of nitrous oxide pollution — which causes about 10% of global warming, it’s not a trivial amount — is nitrogen fertilization for our crops. It’s a very complicated discussion when you get into growing food for people around the world, especially in poor countries, and climate change caused by resource consumption in richer countries. The issues are more complicated, and the solution set is smaller.
In your chapter about hydrogen — which you express some doubts about — you say it’s not your job as a scientist to “pick winners and losers.” I’m curious about these moments of tension between your personal opinions and your position as a scientist. When do you speak up, and when do you choose to stand back?
I wish I had a perfect answer to that. I speak more often now than I did earlier in my career. I feel that we’ve run out of time. There’s more urgency today. I feel like I no longer have the luxury of just letting the data speak. I want to try to help people understand the available solutions and the things that we can do individually and systematically.
To succeed in the fight against climate change, we will, I think, need to accept solutions that are not our favorites. And that’s a difficult message. People tend to fight everything they’re not 100% happy with, but the climate is not going to be fixed by any single solution.
The part of your book that made me the most anxious was the chapter about methane leaks, where you’re driving around Boston taking air samples and having the methane sensors go off all over the place. It also reminds me of the chapter on indoor air pollution and how many of these forms of pollution are so passive — like methane quietly leaking into our homes or up from under our streets.
The city home work has been really interesting, and it’s consumed a lot of recent years of my life — much more than I expected it to. And yet the biggest surprise of our methane work in the homes was how slow but consistent leaks from appliances like stoves and the pipes in people’s walls produced more pollution than the methane that leaked when the appliances were on. And that’s because the appliance might be on for an hour a day, but for 23 hours a day, the slow bleed of methane continues to the atmosphere.
It isn’t passive, though. The pollutants we document include NOx gases that trigger asthma. Benzene, formed in flames, is a carcinogen. We would never willingly stand over the tailpipe of a car breathing in the exhaust, yet we willingly stand over a stove, breathing the exact same pollutants, day after day, meal after meal, year after year.
Your book takes readers to many places worldwide. Is there any one project or organization that stands out to you as particularly exciting or crucial?
I very much enjoyed learning about green steel manufacturing. The chapter that I enjoyed the most, though, was the trip to Finland [to see the work of the Snowchange Cooperative, a landscape restoration group]. What I liked about that project, first of all, was seeing people taking matters into their own hands and working for solutions. But what was so interesting for me was the idea of “rewilding,” in the European sense — they’re not interested in trying to recreate an exact replica of something that was present in 1900. They’re trying to restore a functioning ecosystem that will still be there in 100 years. It’s a beautiful sight and the message was very moving for me.
The book vacillates between optimism and a kind of wary realism. I think that’s kind of the conundrum of climate activists on the whole, but is it something you have thoughts about? Do you want readers to come away hopeful, or are you hoping this galvanizes action, too?
That duality, that tension, is deeply rooted in me, and perhaps many people who care about climate and environment. I study the Earth for a living; I see the changes happening not just year to year but decade to decade from now. And you can’t help but be discouraged about the lack of progress.
But on the other hand, I talk to students about how optimism and hope are muscles we can exercise. My first homework assignment in every class is for students to find things that are better today than they were 50 or 100 years ago. That list is long: life expectancy and childhood mortality; water and air quality; the decline of global poverty despite all the injustices that remain. Then there are many specific examples, like the phase-out of leaded gasoline, the Montreal Protocol, and my favorite example, the U.S. Clean Air Act, which saves hundreds of thousands of lives a year at a 30-fold return on investment, so workers are healthier and more productive. We all breathe easier and pay lower medical expenses from air pollution. So I talk to students about how it’s important to acknowledge past successes; by doing so, we make future successes, such as climate, more likely.
Are there any last thoughts about your book that you want to leave readers with?
In the book, I tend to emphasize technologies — maybe to a fault. We don’t talk enough about reducing consumption and demand. The world is deeply unequal in terms of resource use and pollution.
I’m obviously a nerdy guy, and I talk about how we’re in the “myocene” — the my-ocene — the era when the top 1% of the world’s population contributes more fossil carbon emissions than half the people on Earth. The world cannot support the global population at the levels of resource use that we have in the United States right now. Either we need to reduce our energy use and consumption somewhat, or those other people in those other countries will aspire to be like us and they’ll produce and use more.
One example is cars: if everyone in the world owned cars at the rate we do, there would be 7 billion cars instead of about 1.5 billion. And I don’t care whether those cars are EVs or hydrogen vehicles or whatever; the world would not be a more sustainable and richer place with 5 billion more cars on it. We need to talk about using less in this country, not just building new things.
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With policy chaos and disappearing subsidies in the U.S., suddenly the continent is looking like a great place to build.
Europe has long outpaced the U.S. in setting ambitious climate targets. Since the late 2000s, EU member states have enacted both a continent-wide carbon pricing scheme as well as legally binding renewable energy goals — measures that have grown increasingly ambitious over time and now extend across most sectors of the economy.
So of course domestic climate tech companies facing funding and regulatory struggles are now looking to the EU to deploy some of their first projects. “This is about money,” Po Bronson, a managing director at the deep tech venture firm SOSV told me. “This is about lifelines. It’s about where you can build.” Last year, Bronson launched a new Ireland-based fund to support advanced biomanufacturing and decarbonization startups open to co-locating in the country as they scale into the European market. Thus far, the fund has invested in companies working to make emissions-free fertilizers, sustainable aviation fuel, and biofuel for heavy industry.
It’s still rare to launch a fund abroad, and yet a growing number of U.S. companies and investors are turning to Europe to pilot new technology and validate their concepts before scaling up in more capital-constrained domestic markets
Europe’s emissions trading scheme — and the comparably stable policy environment that makes investors confident it will last — gives emergent climate tech a greater chance at being cost competitive with fossil fuels. For Bronson, this made building a climate tech portfolio somewhere in Europe somewhat of a no-brainer. “In Europe, the regulations were essentially 10 years ahead of where we wanted the Americas and the Asias to be,” Bronson told me. “There were stricter regulations with faster deadlines. And they meant it.”
Of the choice to locate in Ireland, SOSV is in many ways following a model piloted by tech giants Google, Microsoft, Apple, and Meta, all of which established an early presence in the country as a gateway to the broader European market. Given Ireland’s English-speaking population, low corporate tax rate, business-friendly regulations, and easy direct flights to the continent, it’s a sensible choice — though as Bronson acknowledged, not a move that a company successfully fundraising in the U.S. would make.
It can certainly be tricky to manage projects and teams across oceans, and U.S. founders often struggle to find overseas talent with the level of technical expertise and startup experience they’re accustomed to at home. But for the many startups struggling with the fundraising grind, pivoting to Europe can offer a pathway for survival.
It doesn’t hurt that natural gas — the chief rival for many clean energy technologies — is quite a bit more expensive in Europe, especially since Russia’s invasion of Ukraine in 2022. “A lot of our commercial focus today is in Europe because the policy framework is there in Europe, and the underlying economics of energy are very different there,” Raffi Garabedian, CEO of Electric Hydrogen, told me. The company builds electrolyzers that produce green hydrogen, a clean fuel that can replace natural gas in applications ranging from heavy industry to long-haul transport.
But because gas is so cheap in the U.S., the economics of the once-hyped “hydrogen economy” have gotten challenging as policy incentives have disappeared. With natural gas in Texas hovering around $3 per thousand cubic feet, clean hydrogen just can’t compete. But “you go to Spain, where renewable power prices are comparable to what they are in Texas, and yet natural gas is eight bucks — because it’s LNG and imported by pipeline — it’s a very different context,” Garabedian explained.
Two years ago, the EU adopted REDIII — the third revision of its Renewable Energy Directive — which raises the bloc’s binding renewable share target to 42.5% by 2030 and broadens its scope to cover more sectors, including emissions from industrial processes and buildings. It also sets new rules for hydrogen, stipulating that by 2030, at least 42% of the hydrogen used for industrial processes such as steel or chemical production must be green — that is, produced using renewable electricity — increasing to 60% by 2035.
Member countries are now working to transpose these continent-wide regulations into national law, a process Garabedian expects to be finalized by the end of this year or early next. Then, he told me, companies will aim to scale up their projects to ensure that they’re operational by the 2030 deadline. Considering construction timelines, that “brings you to next year or the year after for when we’re going to see offtakes signed at much larger volumes,” Garabedian explained. Most European green hydrogen projects are aiming to help decarbonize petroleum, petrochemical, and biofuel refining, of all things, by replacing hydrogen produced via natural gas.
But that timeline is certainly not a given. Despite its many incentives, Europe has not been immune to the rash of global hydrogen project cancellations driven by high costs and lower than expected demand. As of now, while there are plenty of clean hydrogen projects in the works, only a very small percent have secured binding offtake agreements, and many experts disagree with Garabedian’s view that such agreements are either practical or imminent. Either way, the next few years will be highly determinative.
The thermal battery company Rondo Energy is also looking to the continent for early deployment opportunities, the startup’s Chief Innovation Officer John O’Donnell told me, though it started off close to home. Just a few weeks ago, Rondo turned on its first major system at an oil field in Central California, where it replaced a natural gas-powered boiler with a battery that charges from an off-grid solar array and discharges heat directly to the facility.
Much of the company’s current project pipeline, however, is in Europe, where it’s planning to install its batteries at a chemical plant in Germany, an industrial park in Denmark, and a brewery in Portugal. One reason these countries are attractive is that their utilities and regulators have made it easier for Rondo’s system to secure electricity at wholesale prices, thus allowing the company to take advantage of off-peak renewable energy rates to charge when energy is cheapest. U.S. regulations don’t readily allow for that.
“Every single project there, we’re delivering energy at a lower cost,” O’Donnell told me. He too cited the high price of natural gas in Europe as a key competitive advantage, pointing to the crippling effect energy prices have had on the German chemical industry in particular. “There’s a slow motion apocalypse because of energy supply that’s underway,” he said.
Europe has certainly proven to be a more welcoming and productive policy environment than the U.S., particularly since May, when the Trump administration cut billions of dollars in grants for industrial decarbonization projects — including two that were supposed to incorporate Rondo’s tech. One $75 million grant was for the beverage company Diageo, which planned to install heat batteries to decarbonize its operations in Illinois and Kentucky. Another $375 million grant was for the chemicals company Eastman, which wanted to use Rondo’s batteries at a plastics recycling plant in Texas.
While nobody knew exactly what programs the Trump administration would target, John Tough, co-founder at the software-focused venture firm Energize Capital, told me he’s long understood what a second Trump presidency would mean for the sector. Even before election night, Tough noticed U.S. climate investors clamming up, and was already working to raise a $430 million fund largely backed by European limited partners. So while 90% of the capital in the firm’s first fund came from the U.S., just 40% of the capital in this latest fund does.
“The European groups — the pension funds, sovereign wealth funds, the governments — the conviction they have is so high in climate solutions that our branding message just landed better there,” Tough told me. He estimates that about a quarter to a third of the firm’s portfolio companies are based in Europe, with many generating a significant portion of their revenue from the European market.
But that doesn’t mean it was easy for Energize to convince European LPs to throw their weight behind this latest fund. Since the American market often sets the tone for the global investment atmosphere, there was understandable concern among potential participants about the performance of all climate-focused companies, Tough explained.
Ultimately however, he convinced them that “the data we’re seeing on the ground is not consistent with the rhetoric that can come from the White House.” The strong performance of Energize’s investments, he said, reveals that utility and industrial customers are very much still looking to build a more decentralized, digitized, and clean grid. “The traction of our portfolio is actually the best it’s ever been, at the exact same time that the [U.S.-based] LPs stopped focusing on the space,” Tough told me.
But Europe can’t be a panacea for all of U.S. climate tech’s woes. As many of the experts I talked to noted, while Europe provides a strong environment for trialing new tech, it often lags when it comes to scale. To be globally competitive, the companies that are turning to Europe during this period of turmoil will eventually need to bring down their costs enough to thrive in markets that lack generous incentives and mandates.
But if Europe — with its infinitely more consistent and definitively more supportive policy landscape — can serve as a test bed for demonstrating both the viability of novel climate solutions and the potential to drive down their costs, then it’s certainly time to go all in. Because for many sectors — from green hydrogen to thermal batteries and sustainable transportation fuels — the U.S. has simply given up.
Current conditions: The Philippines is facing yet another deadly cyclone as Super Typhoon Fung-wong makes landfall just days after Typhoon Kalmaegi • Northern Great Lakes states are preparing for as much as six inches of snow • Heavy rainfall is triggering flash floods in Uganda.
The United Nations’ annual climate conference officially started in Belém, Brazil, just a few hours ago. The 30th Conference of the Parties to the UN Framework Convention on Climate Change comes days after the close of the Leaders Summit, which I reported on last week, and takes place against the backdrop of the United States’ withdrawal from the Paris Agreement and a general pullback of worldwide ambitions for decarbonization. It will be the first COP in years to take place without a significant American presence, although more than 100 U.S. officials — including the governor of Wisconsin and the mayor of Phoenix — are traveling to Brazil for the event. But the Trump administration opted against sending a high-level official delegation.
“Somehow the reduction in enthusiasm of the Global North is showing that the Global South is moving,” Corrêa do Lago told reporters in Belém, according to The Guardian. “It is not just this year, it has been moving for years, but it did not have the exposure that it has now.”

New York regulators approved an underwater gas pipeline, reversing past decisions and teeing up what could be the first big policy fight between Governor Kathy Hochul and New York City Mayor-elect Zohran Mamdani. The state Department of Environmental Conservation issued what New York Focus described as crucial water permits for the Northeast Supply Enhancement project, a line connecting New York’s outer borough gas network to the fracking fields of Pennsylvania. The agency had previously rejected the project three times. The regulators also announced that the even larger Constitution pipeline between New York and New England would not go ahead. “We need to govern in reality,” Hochul said in a statement. “We are facing war against clean energy from Washington Republicans, including our New York delegation, which is why we have adopted an all-of-the-above approach that includes a continued commitment to renewables and nuclear power to ensure grid reliability and affordability.”
Mamdani stayed mostly mum on climate and energy policy during the campaign, as Heatmap’s Robinson Meyer wrote, though he did propose putting solar panels on school roofs and came out against the pipeline. While Mamdani seems unlikely to back the pipeline Hochul and President Donald Trump have championed, during a mayoral debate he expressed support for the governor’s plan to build a new nuclear plant upstate.
Late last week, Pine Gate Renewables became the largest clean energy developer yet to declare bankruptcy since Trump and Congress overhauled federal policy to quickly phase out tax credits for wind and solar projects. In its Chapter 11 filings, the North Carolina-based company blamed provisions in Trump’s One Big Beautiful Bill Act that put strict limits on the use of equipment from “foreign entities of concern,” such as China. “During the [Inflation Reduction Act] days, pretty much anyone was willing to lend capital against anyone building projects,” Pol Lezcano, director of energy and renewables at the real estate services and investment firm CBRE, told the Financial Times. “That results in developer pipelines that may or may not be realistic.”
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The Southwest Power Pool’s board of directors approved an $8.6 billion slate of 50 transmission projects across the grid system’s 14 states. The improvements are set to help the grid meet what it expects to be doubled demand in the next 10 years. The investments are meant to harden the “backbone” of the grid, which the operator said “is at capacity and forecasted load growth will only exacerbate the existing strain,” Utility Dive reported. The grid operator also warned that “simply adding new generation will not resolve the challenges.”
Oil giant Shell and the industrial behemoth Mitsubishi agreed to provide up to $17 million to a startup that plans to build a pilot plant capable of pulling both carbon dioxide and water from the atmosphere. The funding would cover the direct air capture startup Avnos’ Project Cedar. The project could remove 3,000 metric tons of carbon from the atmosphere every year, along with 6,000 tons of clean freshwater. “What you’re seeing in Shell and Mitsubishi investing here is the opportunity to grow with us, to sort of come on this commercialization journey with us, to ultimately get to a place where we’re offering highly cost competitive CO2 removal credits in the market,” Will Kain, CEO of Avnos, told E&E News.
The private capital helps make up for some of the federal funding the Trump administration is expected to cut as part of broad slashes to climate-tech investments. But as Heatmap’s Emily Pontecorvo reported last month from north of the border, Canada is developing into a hot zone of DAC development.
The future of remote sensing will belong to China. At least, that’s what the research suggests. This broad category involves the use of technologies such as lasers, imagery, and hyperspectral imagery, and is key to everything from autonomous driving to climate monitoring. At least 47% of studies in peer-reviewed publications on remote sensing now originate in China, while just 9% come from the United States, according to the New York University paper. That research clout is turning into an economic advantage. China now accounts for the majority of remote sensing patents filed worldwide. “This represents one of the most significant shifts in global technological leadership in recent history,” Debra Laefer, a professor in the NYU Tandon Civil and Urban Engineering program and the lead author, said in a statement.
The company is betting its unique vanadium-free electrolyte will make it cost-competitive with lithium-ion.
In a year marked by the rise and fall of battery companies in the U.S., one Bay Area startup thinks it can break through with a twist on a well-established technology: flow batteries. Unlike lithium-ion cells, flow batteries store liquid electrolytes in external tanks. While the system is bulkier and traditionally costlier than lithium-ion, it also offers significantly longer cycle life, the ability for long-duration energy storage, and a virtually impeccable safety profile.
Now this startup, Quino Energy, says it’s developed an electrolyte chemistry that will allow it to compete with lithium-ion on cost while retaining all the typical benefits of flow batteries. While flow batteries have already achieved relatively widespread adoption in the Chinese market, Quino is looking to India for its initial deployments. Today, the company announced that it’s raised $10 million from the Hyderabad-based sustainable energy company Atri Energy Transitions to demonstrate and scale its tech in the country.
“Obviously some Trump administration policies have weakened the business case for renewables and therefore also storage,” Eugene Beh, Quino’s founder and CEO, told me when I asked what it was like to fundraise in this environment. “But it’s actually outside the U.S., where the appetite still remains very strong.”
The deployment of battery energy storage in India lags far behind the pace of renewables adoption, presenting both a challenge and an opportunity for the sector. “India does have an opportunity to leapfrog into a more flexible, resilient, and sustainable power system,” Shreyes Shende, a senior research associate at Johns Hopkins’ Net Zero Industrial Policy Lab, told me. The government appears eager to make it happen, setting ambitious targets and offering ample incentives for tech-neutral battery storage deployments, as it looks to lean into novel technologies.
“Indian policymakers have been trying to double down on the R&D and innovation landscape because they’re trying to figure out, how do you reduce dependence on these lithium ion batteries?” Shende said. China dominates the global lithium-ion market, and also has a fractious geopolitical relationship with India, So much like the U.S., India is eager to reduce its dependence on Chinese imports. “Anything that helps you move away from that would only be welcome as long as there’s cost compatibility,” he added
Beh told me that India also presents a natural market for Quino’s expansion, in large part because the key raw material for its proprietary electrolyte chemistry — a clothing dye derived from coal tar — is primarily produced in China and India. But with tariffs and other trade barriers, China poses a much more challenging environment to work in or sell from these days, making the Indian market a simpler choice.
Quino’s dye-based electrolyte is designed to be significantly cheaper than the industry standard, which relies on the element vanadium dissolved in an acidic solution. In vanadium flow batteries, the electrolyte alone can account for roughly 70% of the product’s total cost, Beh said. “We’re using exactly the same hardware as what the vanadium flow battery manufacturers are doing,” he told me minus the most expensive part. “Instead, we use our organic electrolyte in place of vanadium, which will be about one quarter of the cost.”
Like many other companies these days, Beh views data centers as a key market for Quino’s tech — not just because that’s where the money’s at, but also due to one of flow batteries’ core advantages: their extremely long cycle lives. While lithium-ion energy storage systems can only complete from 3,000 to 5,000 cycles before losing 20% or more of their capacity, with flow batteries, the number of cycles doesn’t correlate with longevity at all. That’s because their liquid-based chemistry allows them to charge and discharge without physically stressing the electrodes.
That’s a key advantage for AI data centers, which tend to have spiky usage patterns determined by the time of day and events that trigger surges in web traffic. Many baseload power sources can’t ramp quickly enough to meet spikes in demand, and gas peaker plants are expensive. That makes batteries a great option — especially those that can respond to fluctuations by cycling multiple times per day without degrading their performance.
The company hasn’t announced any partnerships with data center operators to date — though hyperscalers are certainly investing in the Indian market. First up will be getting the company’s demonstration plants online in both California and India. Quino already operates a 100-kilowatt-hour pilot facility near Buffalo, New York, and was awarded a $10 million grant from the California Energy Commission and a $5 million grant from the Department of Energy this year to deploy a larger, 5-megawatt-hour battery at a regional health care center in Southern California. Beh expects that to be operational by the end of 2027.
But its plans in India are both more ambitious and nearer-term. In partnership with Atri, the company plans to build a 150- to 200-megawatt-hour electrolyte production facility, which Beh says should come online next year. With less government funding in the mix, there’s simply less bureaucracy to navigate, he explained. Further streamlining the process is the fact that Atri owns the site where the plant will be built. “Obviously if you have a motivated site owner who’s also an investor in you, then things will go a lot faster,” Beh told me.
The goal for this facility is to enable production of a battery that’s cost-competitive with vanadium flow batteries. “That ought to enable us to enter into a virtuous cycle, where we make something cheaper than vanadium, people doing vanadium will switch to us, that drives more demand, and the cost goes down further,” Beh told me. Then, once the company scales to roughly a gigawatt-hour of annual production, he expects it will be able to offer batteries with a capital cost roughly 30% lower than lithium-ion energy storage systems.
If it achieves that target, in theory at least, the Indian market will be ready. A recent analysis estimates that the country will need 61 gigawatts of energy storage capacity by 2030 to support its goal of 500 gigawatts of clean power, rising to 97 gigawatts by 2032. “If battery prices don’t fall, I think the focus will be towards pumped hydro,” Shende told me. That’s where the vast majority of India’s energy storage comes from today. “But in case they do fall, I think battery storage will lead the way.”
The hope is that by the time Quino is producing at scale overseas, demand and investor interest will be strong enough to support a large domestic manufacturing plant as well. “In the U.S., it feels like a lot of investment attention just turned to AI,” Beh told me, explaining that investors are taking a “wait and see” approach to energy infrastructure such as Quino. But he doesn’t see that lasting. “I think this mega-trend of how we generate and use electricity is just not going away.”