Fabian Heilemann is the founder and CEO of AENU. Fabian is a long-time entrepreneur, and after several successful exits, he became very concerned about climate. He started with his personal carbon footprint and then evolved to looking at what he could do internally when he was a traditional, financially-oriented venture capitalist. He looked at the footprints of the portfolio companies of that firm and then ultimately came to realize that he wanted to build a new kind of investment firm that puts impact front and center without being concessionary in any way from a return standpoint.

Jason and Fabian have a great discussion about his journey to starting AENU, some of the core principles the firm stands for and how they go about it, where they are on that journey, how they got going, and where Fabian sees AENU going in the future. And of course how that fits into his thoughts on the broader transition and what we can do collectively to accelerate progress.

Capital Series: Fabian Heilemann, AENU

A growing body of knowledge about climate change and potential solutions. This series traverses disciplines, industries, and opinions with hundreds of deep-dive conversations with science, technology, and climate leaders. Hosted by Jason Jacobs, Yin Lu, and Cody Simms.

Technology

Tech News

Podcasting

Gadgets

Software How-To

Business

Investing

Careers

Management & Marketing

Business News

Shopping

Science

Cyrus Wadia is the CEO of Activate, a 501(c)(3) nonprofit organization that empowers scientists to bring their research to market. Having supported nearly 200 scientists in founding around 150 companies, including notable names like Fervo, Twelve, Sublime Systems, and Antora Energy, Activate offers selected fellows a unique blend of financial support, business capital, and access to a vast mentorship network. With hubs in Berkeley, Boston, New York, Houston, and a remote program, Activate nurtures the path from scientific discovery to entrepreneurial success.

Cyrus recently joined Activate after stints in sustainability leadership roles at Amazon, Nike, and the White House. This extensive experience, combined with his PhD in energy and resources from UC Berkeley and chemistry degrees from MIT, equips him uniquely for this role.

While the path from computer science to entrepreneurship is well-trodden, Activate champions the less common path from life sciences, chemistry, and physics to entrepreneurship. As we transition our energy systems, it seems inevitable that many new science-based businesses will become iconic industry-defining companies of the 21st century.  And for this to be realized, we need to nurture the pathway for scientist-entrepreneurs. Our MCJ venture funds have invested in multiple companies founded by Activate fellows, and we were eager to hear from Cyrus about Activate and his vision for where it's headed.

The Science of Startups with Activate's Cyrus Wadia

Dr. Seonghoon Woo is CEO and co-founder at Amogy. Amogy is building technology to unlock ammonia's potential as a clean energy fuel source for transportation and beyond. About a year ago, they raised a Series B of funding led by SK Innovations, with backers including Temasek, Aramco Ventures, Mitsubishi, DCVC, Amazon Climate Pledge Fund, Mitsui OSK Lines, and others.

Ammonia is a workhorse chemical in modern society. It's one of the most produced chemicals in the world today, and it's used primarily as the foundation of the nitrogen fertilizer industry, as a transport vessel for nitrogen. Chemically, ammonia is NH3, so in addition to nitrogen, it contains hydrogen. And hydrogen as we know has a strong potential as a low to zero emissions fuel source, depending on how it's produced.

But hydrogen is challenging to transport. Ammonia, therefore, also has the potential to be a transport vessel for hydrogen as a power source, and ammonia supply chains are already mature today. Amogy's unique innovation lies in cracking ammonia into hydrogen at the point of power generation and then powering vehicles via hydrogen fuel cells. They are targeting ocean shipping as most major companies seek solutions to decarbonize their supply chains.

Startup Series: Unlocking Ammonia as Energy with Amogy

Adam Stein is the Director of Nuclear Energy Innovation at the Breakthrough Institute, where he focuses on the technology, policy, risk and economics of nuclear energy. The Breakthrough Institute is a global research center that identifies and promotes technological solutions to environmental and human development challenges. Among its many projects, the Breakthrough Institute recently launched Build Nuclear Now, a national campaign to mobilize Americans in targeted states to call for regulatory and legislative change to accelerate the licensing and deployment of new, advanced nuclear reactors in the United States.

Adam brings a pro-nuclear perspective to this conversation; and given that, Cody and Adam focus the majority of the discussion on the history of nuclear power in the US and potential paths forward, rather than debating the merits of nuclear (which could of course be a full episode by itself). Adam has a particular interest in advanced nuclear reactors, which represent a broad class of new technologies currently under development and review. This conversation covers these advanced reactors and so much more.

Reframing Nuclear Narratives with the Breakthrough Institute

In today's episode, recorded live during San Francisco Climate Week, we delve into the critical intersection of climate policy and carbon removal. Joining us are two distinguished guests:  California Senator Scott Wiener, the author of the recent landmark climate legislation known as California's SB 253 or the Climate Corporate Data Accountability Act, and Shashank Samala, the CEO and Co-founder of Heirloom, a pioneering carbon removal company. Shashank was a previous guest on the show in 2021, and we're excited to have him back to weigh in on this important conversation. 

Senator Wiener sheds light on the legislative landscape driving climate action, while Shashank offers insights into the  technologies transforming carbon removal. Together, we explore the convergence of policy and innovation, examining how regulatory frameworks catalyze the adoption and scaling of technological solutions. We pack a lot into this conversation, and we hope you enjoy it!

Live from SF Climate Week with Senator Scott Wiener and Shashank Samala

Dr. Sarah Kapnick serves as the Chief Scientist at NOAA, the National Oceanic and Atmospheric Administration, which plays a critical role in understanding and predicting changes in climate, weather, oceans, and coasts. Bringing a unique mix of science and finance to NOAA, Dr. Kapnick's background includes a stint as a senior climate scientist at JP Morgan Chase, a leadership role at NOAA's Geophysical Fluid Dynamics Laboratory, and an early career in investment banking at Goldman Sachs. She holds a PhD in Atmospheric and Oceanic Sciences from UCLA and an AB in Mathematics from Princeton.

In our conversation, Dr. Kapnick touches on a wide range of topics, including NOAA's extensive work, the importance of resilience and adaptation in today's changing climate, and the challenges of planning for a future that deviates from past assumptions of a stable climate. Highlighting NOAA's efforts in supporting community resilience and innovation, she underscores the agency's commitment to aiding stakeholders in navigating the complexities of our evolving environmental landscape, emphasizing the critical need for investment and focus on adaptation for the remainder of the 21st century.

Capital Series: Fabian Heilemann, AENU

Download our free app to listen on your phone