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Albert Wenger, Union Square Ventures

Albert Wenger, a prominent investor and Partner at Union Square Ventures, argues that abundant energy is a fundamental requirement for human progress and a thriving democracy. He connects historical energy breakthroughs – from fire to agriculture to fossil fuels – to societal advancements.

Wenger warns that current energy conservation efforts, while well-intentioned, have led to a “low energy trap” that hinders innovation and limits our potential to address pressing global challenges, like powering data centers, electrifying transportation, and cleaning up the atmosphere. He emphasizes the need for “way, way, way more energy” to achieve these goals.

Wenger highlights the exponential growth of solar energy as a positive sign but cautions about the challenges of intermittent renewable sources, using Germany’s “Dunkelflaute” (dark doldrums, or periods without sun and wind power) as an example.

To overcome these challenges, the mentality should be “Build, baby, build” – rather than “Drill, baby, drill” – Wenger argues in his passionate appeal for a diversified approach that includes energy storage, new energy technologies, and nuclear power.

#DLD25 #Energy #Progress #Innovation #Sustainability #SolarEnergy #FutureThinking #UnionSquareVentures

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