Beard: Syndicates must fund five sequential geothermal projects to avoid data-wait death
Jamie Beard · Could geothermal become a major zero-emissions player? · Sep 9, 2022 · at 50:16
Project Innerspace founder Jamie Beard argues against standard venture and debt milestones that stall FOAK geothermal commercialization.
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“We should not be waiting for five years of operational data. The reason he needs that is because he, you know, he needs to get funding for a second project, and that's why we need to fund five outright. Bam, bam, bam, bam. Stamp them out one after the other. Iterate, iterate, learning curve, and have some sort of syndicate that's willing to do that fast, right? So we don't want to build the first one and wait five years and see what”
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