Next-Generation Geothermal (with Joselyn Lai @ Bedrock Energy)

This is CC Pod - the Climate Capital Podcast. You are receiving this because you have subscribed to our Substack. If you’d like to manage your Climate Capital Substack subscription, click here. Disclaimer: For full disclosure, Bedrock Energy is a portfolio company at Climate Capital. Our guest host, Dimitry, is the co-founder and CEO of one of our portcos, Enduring Planet.CC Pod is not investment advice and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any investment decision.Don’t miss an episode from Climate Capital!On this week’s CC Pod, host Dimitry Gershenson chats with Joselyn Lai, co-founder and CEO of Bedrock Energy. Bedrock is revolutionizing heating and cooling with autonomous drilling tech and advanced subsurface simulations, making geothermal energy accessible and cost-effective for buildings everywhere.Buildings are a major contributor to carbon emissions and a significant strain on the power grid. As cities grow and the demand for energy increases, the need for efficient, sustainable heating and cooling solutions becomes more pressing. Joselyn highlights the dual challenge of electrifying buildings to reduce scope one emissions while simultaneously managing the stress this places on the electrical grid. This is where geothermal energy comes into play.Geothermal heating and cooling systems represent a potential "holy grail" in HVAC technology. Unlike traditional systems, geothermal solutions leverage the earth's natural thermal energy, providing an all-electric, energy-efficient alternative. However, the scalability of geothermal systems has historically been hampered by high costs, extensive space requirements, and lengthy construction timelines. Bedrock Energy aims to address these challenges by innovating the construction of geothermal heat exchangers, making them more accessible and cost-effective.Bedrock Energy is focused on automating the drilling process for geothermal systems, which can significantly reduce the time and expense associated with installation. By developing advanced subsurface analytics tools and automated drilling machines, Bedrock is not only making geothermal systems easier to deploy but also enhancing their reliability and efficiency. This technological innovation is crucial for unlocking geothermal HVAC as a scalable, investment-grade clean energy asset class, particularly in urban environments.The implications of Bedrock's work extend beyond just cost savings. By making geothermal systems more widely adoptable, Bedrock is contributing to a significant reduction in greenhouse gas emissions from buildings. This transition not only benefits the environment but also creates high-quality domestic jobs in the energy sector, supporting a just transition to a sustainable economy.Joselyn shares insights into her journey as a founder, emphasizing the importance of resilience and teamwork in the face of challenges. Building a startup in the hard tech space requires a diverse skill set and the ability to navigate resource constraints. Joselyn highlights the value of hiring individuals who are not only technically skilled but also share a commitment to the mission of decarbonization.As Bedrock Energy continues to grow, they are actively seeking talent to join their mission. If you're interested in contributing to the future of sustainable energy, consider applying for roles in software engineering, mechanical engineering, or electrical engineering at Bedrock.To learn more about Bedrock Energy, visit https://www.bedrockenergy.com/. Get full access to Climate Capital at climatecap.substack.com/subscribe