Texas energy grid challenges and solutions with Base Power’s Justin Lopas | E1960
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 6 June 2024
⏱️ 69 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
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Todays show:
Base Power’s Justin Lopas joins Jason to discuss the critical link between energy availability and GDP per capita, focusing on Texas' deregulated energy market and recent power outages (2:16). They also dive into ERCOT's role (7:40), dynamic grid pricing (20:04), batteries' potential for grid resilience (23:09), and more!
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Timestamps:
(0:00) Base Power’s Justin Lopas joins Jason
(2:16) Discussion on Texas energy grid and recent power outages
(5:34) Deregulated energy market in Texas
(7:40) How the Texas grid works and the role of ERCOT
(9:35) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(10:50) Issues with the Texas energy system, power outages, and comparison with California's energy issues
(20:04) Dynamic grid pricing in Texas
(23:08) ERCOT's procedures during overload conditions and the role of batteries in grid resilience
(25:39) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST
(30:40) Cost comparison with Tesla Powerwalls
(36:09) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(45:12) Current deployment status, operational challenges, and regulatory challenges in the energy market
(50:32) Proposal for trusted vendor programs and preferred vendor status
(1:03:41) Correlation between energy availability and GDP per capita
(1:04:19) Solving the energy problem to boost human prosperity
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Check out Base Power: https://www.basepowercompany.com
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Follow Justin:
LinkedIn: https://www.linkedin.com/in/justinlopas
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LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(9:35) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(25:39) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST
(36:09) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Transcript
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| 0:00.0 | Yeah, I think if you look over time over the history, |
| 0:03.2 | energy use has just gone up, right? And if you also look, there's a really interesting chart |
| 0:07.9 | online that I'm happy to share, but is of GDP per capita of a country versus its energy availability, how much energy it has. |
| 0:17.6 | And what you'll find is there's a direct correlation between these two. |
| 0:20.5 | More energy, higher GDP per capita. |
| 0:22.8 | This is really the sort of fundamental thing here |
| 0:24.8 | is how do we increase the availability of energy |
| 0:27.5 | such that we can increase human prosperity. |
| 0:29.5 | I think that's, it's fundamental to so many industries. |
| 0:32.6 | Obviously the recent advances in AI, |
| 0:35.1 | but transportation, agriculture, manufacturing, |
| 0:38.4 | my background, it's all, |
| 0:41.1 | it's all sort of derivative of energy and if we can solve the energy problem we can we can build a lot more really cool stuff |
| 0:46.9 | This weekend startups is brought to you by |
| 0:50.3 | Open phone create business phone numbers for you and your team that work through an app on your smartphone or desktop. |
| 0:58.0 | Twist listeners can get an extra 20% off any plan for your first six months at open phone.com slash twist. |
| 1:08.0 | Square space. |
| 1:09.0 | Turn your idea into a new website. |
| 1:12.0 | Go to square spacepace.com slash twist for a free trial. |
| 1:16.0 | When you're ready to launch, use offer code twist to save 10% off your first purchase of a website or domain. |
| 1:25.0 | And Lemon. |
| 1:26.9 | dot I. |
... |
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