The "Vaporware" Test: 3 Questions We Ask Every Battery Startup
In the rush to solve the intermittency problem of solar energy, venture capital has flooded into "Long Duration Energy Storage" (LDES) startups. Pitch decks promise 100-hour durations at lithium-ion costs. But physics is stubborn.
1/7/20251 min read
Financial models can be tweaked. Thermodynamics cannot. If a storage startup can't answer these three questions with field data (not lab simulations), it’s not an investment—it’s a science project.