Kann: DOE Loan Programs Office has $40B capacity, backed Monolith with $1B+
“The U.S. Department of Energy's Loan Programs Office has about forty billion dollars of capacity to solve this exact kind of problem, ranging from big projects to big manufacturing facilities, and it just announced its first conditional commitment of President…”
Hanson: Monolith has scaled methane pyrolysis to commercial operations
“And we started in 2012 have raised a lot of equity over the years and have taken technology that was almost there and got it to full commercial scale.”
Hanson: 100% of Sand Hill Road VCs rejected Monolith in 2012
“We started in twenty-twelve where, and we were in Silicon Valley, and we went to everyone on Sandhill Road, and precisely 100% of them said no.”
Shah: Climate tech startups understand equity but are unequipped for debt
“The vast majority of companies like Monolith that come into the loan programs office are experts at equity and not really well staffed on debt. And they don't really think debt, they think equity. And as a result, they think, The grass is always greener, and t…”
Hanson: Clean tech multi-plant rollouts cannot realistically be funded on equity alone
“I don't think the idea that you're going to Build, you know, multiple plants every year, repeatably all on equity is, is very real in the longterm.”
Hanson: Monolith built the world's largest plasma torch exceeding 16 megawatts
“I mean, so the key to our process is you got to get this really high temperature heat generated electrically. And so we use a plasma torch and we've now built the largest plasma torch in the history of the world. It's over 16 megawatts. It's high nineties perc…”
Hanson: Black mulch at Home Depot likely contains Monolith's carbon black
“So if you go to Home Depot and you buy mulch that happens to be colored black, it's likely got monoliths carbon black in it that's making it black.”
Shah: Getting tire giants to sign clean offtake contracts requires an act of God
“One thing with Goodyear and Michelin that I've found fascinating is that, and they're all good people, but like, they have a venture capital arm, right? And they have like, contract for differences, renewable energy, electricity contracts that they've signed f…”
Cockcroft: Netflix had 100 engineers deploying a single monolith every two weeks
“We started off basically running away from a monolith. We had over a hundred people every two weeks trying to get all the code they'd written in the last two weeks jammed into one code base, get it through QA and get that out into production.”