Lubershane: Energy storage startups underestimated lithium-ion cost declines from manufacturing scale
Andy Lubershane · The better mousetrap fallacy · Sep 12, 2024 · at 10:25
Andy Lubershane, Partner at Energy Impact Partners, explains how climate tech startups repeatedly misjudge incumbent learning curves in batteries and solar.
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“I've, you know, watched and talked to dozens of companies and founders, and I think Oftentimes making the same mistake as they were trying to commercialize some kind of better mousetrap for energy storage, which is they underestimated the pace at which the cost could come down and the technology could improve, not through some kind of game-changing innovation, but really just through that kind of incrementalism of economies of scale and learning curves, bigger factories and more factories That have been the driving force behind lithium ion batteries, just like they were the driving force behind solar”
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