first-of-a-kind projects
also referred to as: first of a kind project · first-of-a-kind project
5 statements across 2 episodes · 2 bullish · 1 bearish · 2 people on the record · first statement Feb 2, 2023 by Shayle Kann · across every show →
Everything said about first-of-a-kind projects, oldest first
Feb 2, 2023 negative
Kann: 90% of FOAK climate tech projects are funded with VC equity
“If you're an innovative company with a new technology, you need to bring a market, and you need to build the first One of them ever. You still, I, 90% of the time at the moment, I think, end up paying for it with your, the money you've raised from venture capi…”
Jan 16, 2025 positive
Fernandez: Climate tech scaling requires sequential 5-20x demonstration and FOAK steps
“The way we propose to do this is, you know, that company has to follow a path towards that de-risking, and that path in our, ah, experience is you go from a pilot to a five to 20 x demonstration project, and then you go to another 10, 10, 20 times, ah, first o…”
Jan 16, 2025 bullish
Fernandez: Infrastructure investors in FOAK assets play for follow-on platform scale
“What we've seen is most of these infrastructure investors really play for the platform, right? I'm putting X hundred million dollars in the first project. What I really want to do is put a billion dollars into your next two or three projects, and a lot of them…”
Jan 16, 2025
Fernandez: FOAK Project Investors Require at Least Six Months of Demo Data
“What we know is at the end of the day, the investors that come in at the Series C, Series D, you know, most of the time funding or partially funding first of a kind projects, they really want to see six months or more, or performance because things degrade if …”
Jan 16, 2025 neutral
Kann: There is no construction financing market for FOAK climate projects
“There's no, construction finance is a thing if you're building a utility-scale solar project, but if you're building a first-of-a-kind thing, there's also not really, we've been talking about, like, financing the long-term operation, there's also not really a …”