Watt It Takes - Odyssey Energy Solutions Co-Founder and CEO Emily McAteer

Odyssey Energy Solutions Co-Founder and CEO Emily McAteer

04/03/24 • 51 min

According to the World Economic Forum, if we want to reach a carbon-neutral future, the world will depend on emerging markets to build energy systems that rely on clean energy instead of fossil fuels. However, only one fifth of global clean energy investments are being channeled into emerging markets.

Financing the development of distributed renewable energy projects has been slow and challenging for interested investors and project developers. In order to facilitate the growth of distributed renewable energy in emerging markets, and connect financiers, equipment providers, and project developers who see the immense opportunity in decarbonizing growth in emerging markets, we need a platform where all stakeholders get what they need to finance, build, and track the performance of these projects.

That’s exactly what this month’s Watt It Takes guest, Emily McAteer, co-founder and CEO of Odyssey Energy Solutions, is building.

At Odyssey, Emily and her team are building a new kind of platform to make it possible for distributed renewable energy projects to launch in emerging markets, by connecting financiers, equipment providers, and project developers, and providing the remote monitoring and control needed to assess performance.

Emily joined the podcast to speak about her journey from Concord, Massachusetts, to working on Wall Street, to the lecture that would change her life, to founding Odyssey and building a platform that’s responsible for the deployment of ~ 2.5 million standalone solar systems and positively impacting the lives of 15 million people.

Previous Episode

WattBuy Co-Founder and CEO Naman Trivedi

Residential energy use accounts for about 20% of greenhouse emissions in the U.S., making it one of the most important sectors to decarbonize. As the world electrifies and consumers become more climate-conscious, energy will become one of the next consumer engagement frontiers.

The WattBuy platform connects clean energy providers with residential customers, helps consumers save money on their energy bills, and helps companies engage customers with insights and provide enhanced offerings and services.

In this episode, Emily Kirsch sits down with WattBuy Co-Founder & CEO Naman Trivedi to learn more about founding the company, WattBuy’s mission to decarbonize the grid, and building a platform that has generated 20 gigawatt hours of renewable energy for homeowners and renters, and helped them save upwards of $4M on their energy bills.

Sponsors

Watt It Takes is brought to you by Microsoft and Shell Ventures.

The $1 Billion Microsoft Climate Innovation Fund is investing in innovative technologies that have the potential for meaningful, measurable climate impact by 2030. To date, Microsoft has allocated more than $700M into a global portfolio of over 50 investments including sustainable solutions in energy, industrial, and natural systems. Visit microsoft.com/en-us/corporate-responsibility to learn more about Microsoft’s progress toward their impact commitments.

Shell Ventures specializes in unlocking deployment opportunities to help their portfolio companies scale, access customers and commercialize their solutions. Visit shell.com/ventures to learn more about how they can help your company reach the next level of growth.

About Powerhouse and Powerhouse Ventures

Powerhouse Ventures backs seed-stage startups building innovative software to rapidly decarbonize our global energy and mobility systems. You can learn more at powerhouse.fund, and you can subscribe to our newsletter at powerhouse.fund/subscribe.

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Next Episode

Heirloom Co-Founder and CEO Shashank Samala

Even if all emissions stopped tomorrow, the excess carbon currently in the atmosphere would take thousands of years to naturally dissipate through processes like photosynthesis, oceanic absorption, or mineralization. In addition to forests, soils, and the ocean, naturally occurring minerals are one of our planet’s most important carbon sinks.

Over the span of hundreds or thousands of years, carbon dioxide in air and water binds to minerals, and eventually turns to stone, thus removing the carbon from the atmosphere. This process is called mineralization. One of the most abundant types of rocks on the planet is limestone, and it’s one of the unsung superstars of this carbon mineralization process.

Meanwhile, one of the most exciting advances in the carbon removal industry that has received a lot of attention - and scrutiny - is Direct Air Capture, often referred to as “DAC.” DAC is the process of separating carbon dioxide from ambient air. The Inflation Reduction Act and Bipartisan Infrastructure Law specified funding for the deployment of DAC projects in the US, and DAC is getting more interest from companies looking to remove their carbon emissions. But, DAC technologies are typically expensive, energy and land intensive, and use materials that can be difficult to source.

In order to remove billions of tons of carbon from the atmosphere, we need a DAC solution that is scalable, inexpensive, and designed to leverage natural processes like mineralization via limestone, which has millennia of carbon removal capabilities embedded in its chemistry. And that is exactly what Shashank Samala, Co-Founder and CEO of Heirloom, is building.

Sponsors

Watt It Takes is brought to you by Microsoft.

About Powerhouse and Powerhouse Ventures

To hear more stories of founders building our climate positive future, hit the “subscribe” button and leave us a review.