2024-2025 COHORT 2 PROJECTS OVERVIEW
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Fervo Energy
Tags/Topics: Geothermal Energy + CS/Machine Learning
Context: Fervo Energy is a company focused on advancing the development of geothermal energy by integrating modern technology, data analytics, and innovative operational practices to unlock renewable energy potential in subsurface environments. For more info, visit https://fervoenergy.com/.
Project: This year, Fervo Energy seeks to leverage Machine Learning to predict drill-bit failures more accurately. The goal is to identify patterns and indicators that signal potential failures, particularly those leading to "DBR" (Damaged Beyond Repair) states, in order to optimize drill-bit performance and reduce operational downtime. By building a predictive model based on historical data, Fervo Energy aims to improve future efficiency and prevent costly, abrupt failures during drilling operations in hard rock granite.
Potential Deliverable(s):
Detailed analysis of the key variables contributing to drill-bit wear and DBR events, providing actionable insights for potential operational improvements.
Development and testing of a machine learning model that predicts drill-bit failure with high accuracy, enabling preemptive decision-making.
A final report outlining model performance, operational impact, and impact on energy potential output with possible recommendations for scaling the solution across future drilling projects.
Team needs: we encourage everyone to apply!! If you’re particularly interested in applying your expertise in CS or Machine Learning within the energy industry, we’d love to have you on board and see what you can create :)
Plug & Play Tech Center [Corporation Strategy Team]
Tags/Topics: Venture Capital
Plug and Play Tech Center is a global innovation platform that supports startups, corporations, and investors by facilitating partnerships, providing funding, and accelerating growth. The center invests in early-stage companies, typically offering $50-200k in exchange for 5-10% equity, and connects startups to large corporations for collaboration opportunities, learn more here.
Context: Plug and Play Tech Center plays a pivotal role in identifying and supporting emerging companies in the clean energy sector. By leveraging its expertise in startup scouting and evaluation, Plug and Play creates valuable connections between innovative clean energy startups and larger corporations. These partnerships help promote sustainable solutions and accelerate innovation through venture investment and strategic collaboration.
Project: The project focuses on identifying strategic partnership opportunities between early-stage climate tech startups and energy-sector corporations. By leveraging Plug and Play's expansive corporate network, the team will develop tools & frameworks to evaluate startups' alignment with corporate needs by conducting market research to assess strategic fit and recommend actionable partnership strategies to drive innovation & sustainability in the energy sector.
Potential Deliverable(s):
Corporate Fit Framework: A scoring system to evaluate startups based on their alignment with corporate partners' goals, including factors such as technological synergy, market potential, and scalability.
Strategic Corporate Partnership Recommendations: A portfolio of tailored partnership strategies for Plug and Play's corporate partners, highlighting top startup candidates and their value propositions based on corporate needs, industry trends, and growth potential.
Team needs: we encourage everyone to apply!! If you’re particularly interested in VC within the energy industry, we’d love to have you on board and see what you can do :)
Plug & Play Tech Center [Startup Valuation Team]
Tags/Topics: Energy + Innovative Startups
Plug and Play Tech Center is a global innovation platform that supports startups, corporations, and investors by facilitating partnerships, providing funding, and accelerating growth. The center invests in early-stage companies, typically offering $50-200k in exchange for 5-10% equity, and connects startups to large corporations for collaboration opportunities, learn more here.
Context: Plug and Play Tech Center plays a pivotal role in identifying and supporting emerging companies in the clean energy sector. By leveraging its expertise in startup scouting and evaluation, Plug and Play creates valuable connections between innovative clean energy startups and larger corporations. These partnerships help promote sustainable solutions and accelerate innovation through venture investment and strategic collaboration.
Project: Identifying Innovative Clean Energy Startups for Venture Investment – The project focuses on scouting and evaluating startups with innovative clean energy solutions that align with the needs and goals of energy-sector corporations. By leveraging Plug and Play's expansive network, the project will involve scouting and evaluating potential companies where members will conduct interviews, perform numerical analyses of startup potential, and network with founders and leaders alike to help drive impactful clean energy innovation.
Potential Deliverable(s):
Startup Evaluations: A systematic scoring model for evaluating startups based on innovation, scalability, and strategic fit within the energy sector.
Investment Memos: Recommendations for venture investments based on clean energy market trends, startup evaluations, risk assessment, competitive landscape, and investment rationale.
Team needs: we encourage everyone to apply!! If you’re particularly interested in VC or startups within the energy industry, we’d love to have you on board and see what you can do :)