Excellent contributions filled with insight as always s_m. I feel like we should be paying you! What is your background, out of interest?
Anyway, re: Hydro Wind Energy.
- Re: QuenchSea… is there anyone with product in hand giving a review of it? Literally the only one I could find on twitter, youtube and tiktok was this… and spoiler alert, part 2 it “did not work”… she says she needs to fiddle with it, but yeh, does not inspire confidence.
- Anyway, I am very confident that their OceanHydro Omni is going nowhere (at least the energy storage component - but I’m also sceptical that they can make vertical axis wind turbines work economically where others have failed).
A few more red flags to add:
- Backed by:
- Techstars: actually only a $120k investment
- Shell Startup Engine: no investment it seems
- AWS Clean Energy: no investment - $50k in credits for AWS though.
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Quote of Bill Gates front and centre on their pitch: “Climate Tech will produce 8 to 10 Teslas, a Google, an Amazon and a Microsoft”. Well, then why isn’t Bill Gates investing in their company? His Breakthrough Energy Ventures is, to the best of my knowledge, the sort of VC that should be backing this company.
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CEO’s LinkedIn is blank prior to his time at HWE. Articles give vague back story.
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From the discussion forum: “Independently valued by auditors.” umm, sorry? Your auditors should not be providing this sort of service if your business is actually being audited. But also, auditors are hardly valuations specialists.
I am staying far away. They seem to be investing far more in PR than in product.