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Monica Varman

Partner at G2 Venture Partners - Climate-tech investor, previously at Tesla and McKinsey

Monica Varman is a Partner at G2 Venture Partners, specializing in investing in climatetech and sustainability. With a rich professional background, Monica formerly worked at renowned companies such as Tesla, Zola Electric, and McKinsey. She holds a Master of Business Administration (MBA) from Harvard Business School and a Bachelor of Arts (BA) from Columbia University in the City of New York.

Highlights

Sep 11 · linkedin

💡Energized by a day at #RE+. Things I learned:

💲Power at a premium: the industry to date has been completely focused on getting to the lowest cost possible, #LCOE has been king. However, with demand growth + interconnect / permitting challenges, many customers are now willing to pay a premium for "time to power." (h/t Richard Matsui). Reach out if you're building a company in this space!

🤖 Use cases for #AI among developers are more varied and mature than I'd expected: 40% of poll respondents said they use AI for writing tasks, 25% for customer service, 15% for resilience and weather planning, 15% for grid planning, 40% for "other" and only 23% were "not using" the technology. Excited to see vertical-specific applications emerging in climate, e.g. Halcyon (h/t Sam Steyer)

🔋50%+ of cells in current utility-scale storage projects are from manufacturing lines <2 years old, and ACCURE Battery Intelligence's analysis found that 25% of cells did not meet the developer's quality specs. What tools are developers using (e.g., BMS / controls) to get the most out of these projects?

Monica Varman
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Location

San Francisco Bay Area