In this interview on Channel 9’s your Money, Entrepreneurs Katerina explores the ability of renewable energy to change the world and dives into the exciting business opportunities that this field presents and her predictions for 2019.
- We definitely going to see, we are already seeing, massive uptick in Electric Vehicle usage and charging across the world but here in Australia as well.
- In solar and batteries, the uptick battery use both in the home at scale will be much much bigger.
- Quite excitingly, especially for farmers in Australia the use of digital agricultural technologies, using robots on farms, using weather mapping technology systems so farmers can see when droughts are coming and not, is really exciting, and not just good for the environment and our pockets but good for people's livelihoods.
(Interviewer) Jack Delosa: Joining me on the panel tonight is Katerina Kimmorley, Founding member of the Innovation Fund the world's largest venture capital fund for Cleantech and equally as impressive before getting into venture capital Katerina built Pollinate Energy a Social Enterprise which became the largest provider of solar lighting to slum communities across India and Nepal. We are set for a great conversation.
Jack Delosa: Katerina, you’re obviously super passionate about the environment, I’ve certainly been inspired by your videos and your ventures in the past. What's driving your work in this area?
Katerina: Well, it is an incredibly exciting area, and it is the environmental sector generally but for me personally it's really the nexus of poverty and Climate Change and I'm stealing one of my brain crushes quotes here that “you can't solve one of those without solving the other”. And, we are in this incredibly exciting time at the moment because you can start to solve some of those problems and do it in a scalable way and make really amazing profits as well, so its a wonderful time to be a entrepreneur in the space.
Jack Delosa: I must ask whos the brain crush?
Katerina: Oh, Lord Nicolas Stern, haha!
Jack Delosa: Of course! Lord Nicolas Stern! Haha!
Jack Delosa: There is a lot of money and energy Flowing into cleantech today, which is a fantastic thing what do you think is driving investors interested in space?
Katerina: I work venture capital so if you look at what companies are going to be the growth companies over the next 50 years, you have to look at the industries that are going to be disrupted and they are basically every Cleantech industry. From Energy to agriculture, from transport to buildings to mining and manufacturing, every single one of those sectors is being disrupted by fabulous growthy companies, and they're the ones that are going to get the disruptive impact and get you the scale and profit that you want.
Jack Delosa: Do you think Australia can be a Cleantech superpower?
Katerina: I don't think it, I know it! It's really interesting, I work in this sector, I've worked in this sector in Asia, in Europe and the (United) States and I have the best Cleantech accelerators which are mainly in Silicon Valley, calling me and saying ‘40% of our businesses want to be in Australia as their next target region’, because you guys spend more on energy, you more interested in spending your disposable income on reducing your energy use, you have the most progressive populace in terms of uptake of renewable energy, it's a wonderfully exciting time, and we have the best researches and tech, I think, in the world.
Jack Delosa: Now I have to ask, your Enterprise (Pollinate Energy) the largest provider of solar lighting to slum communities across India and Nepal, can you explain to us the work you were doing there?
Katerina: Yeah, it started off really simple. So, I went to India on a research project actually for the London School of Economics, and I was looking at that problem or poverty and climate change, and there is a really simple solution to kerosene lights which is one of the biggest carbon polluters in the world, its a solar light, and it just so happens that Australia has some of the best technology in the world for that. So, we decided that it was time to start seeing if we could provide these solar lights to the poorest of the poor living in slums across India and now Nepal as well.
Jack Delosa: It’s an incredible story, I do encourage anyone watching to go and check out what kat is doing with Pollinate Energy.