Interview - Petros Lekkakis

This conversation with Petros Lekkakis explores the concept of 'first of a kind’ (FOAK) in the climate tech space, which refers to hard asset companies developing technologies at the demonstration or pilot scale and seeking to deploy their first commercial minimum viable product. The discussion highlights the need for collaboration between venture capital and infrastructure investors to bridge the financing gap. The conversation also addresses the knowledge gap in commercializing technologies and the role of specialized funds in providing the necessary expertise and capital to support early infrastructure projects. Learnings from the financing markets of solar and LNG provide insights into risk mitigation, project structuring, and the importance of standardization. The episode concludes with a startup checklist that includes team building, contract finance, tech demonstration, focus on FOAK projects, pipeline development, strategic interest, and a solid business plan.

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