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In this keynote panel from the Yale Clean Energy Conference, we go beyond the surface of “green tech” to discuss the brutal realities of financing the energy transition. As policy support for clean energy wavers in America, we share how we navigate the shift from software-enabled “asset-light” technologies to the capital-intensive infrastructure needed to transform global industry.

We explore why the human side of venture capital is often more important than the technology itself , and how the next era of climate tech—Climate Tech 3.0—is being shaped by national security, industrial policy, and the massive power demands of AI.

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💡 We answer the biggest questions facing the energy transition:

The Policy Exposure: We explain why we believe there is no way to invest in clean energy at scale without taking a specific policy point of view.

Management Over Math: We discuss why we look for agile management teams that can “roll with the punches” as the best way to de-risk a business.

The AI Opportunity: We explore how AI load growth is making grid optimization and behind-the-meter solutions more valuable than they have ever been.

Climate Tech 3.0: We define the next era where costs are falling, but technologies must have freestanding economics with minimal reliance on subsidies.

Breaking In: We offer candid advice for students, emphasizing specificity and the importance of building trust in a tough market.
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About this podcast:
Recorded at the Yale Clean Energy Conference on November 6-7, 2025, this keynote features our panel: Amy Duffuor (Azola Ventures) , Terry Kellogg (Helios Climate Ventures) , and Rakesh Shankar (Antin Infrastructure Partners). We provide a masterclass on the “funder mindset,” detailing how we move capital from university labs to the massive infrastructure projects that define our climate future.

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Like it or leave it, artificial intelligence is driving up energy demand. Can it help modernize the grid in ways we urgently need? In episode 3 of Solving the AI Power Problem, we break down what’s possible. Follow Future in Bloom for more.

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Last week, the government quietly decided fresh air is optional.
The EPA has stopped tracking the monetary public health costs of air pollution. This makes it much cheaper for businesses to pollute. This data is important because it shows how clean air safeguards keep our communities healthy and safe in terms of lives saved and healthcare costs avoided, putting public health benefits into economic terms.

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Think you’re just paying for the lights? Think again. In this video, we expose how the massive energy demands of AI growth and data centers are quietly driving up your monthly costs. While tech giants build massive facilities, ordinary households have been bearing the brunt of grid upgrades—but a landmark new law is finally shifting that $33 billion burden.

We break down the “basic math” of how these policy shifts could save your household $200 a year and which states are following Texas’s lead in making big tech pay their fair share. Watch now to see if your state is on the list and how much you’re actually subsidizing the AI revolution!

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AI is Eating Your Electricity!

Think AI is just software? Think again. Most people don’t realize that every time you use AI, you’re tapping into a massive, physical power grid that’s currently reshaping our world. From surging electricity bills to the hidden water systems cooling down giant data centers, the “digital” world is more physical than ever—and it’s being built in your backyard.

We’re cutting through the noise to show you the real impact of the AI revolution. Is tech going to save the planet, or are data centers the new corporate villains? The truth is somewhere in the middle, and it’s way more interesting. We break down the “AI Power Puzzle” to find out how clean energy and grid modernization can actually work, and more importantly, who is actually going to benefit from all this power.

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Dawn Owens, Fervo Energy’s Head of Project Development and Commercial Markets and VP, sits down with Steph Speirs to discuss enhanced geothermal energy. Enhanced geothermal is a 24/7 clean energy solution that’s rapidly becoming cheaper than fossil fuels and can provide stable power to the grid without raising your electricity bill. Dawn breaks down the biggest myths, from induced earthquakes to water contamination, and shares the vision for a world with clean air and affordable power.
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Common Questions
How does Fervo’s technology avoid induced seismicity (man-made earthquakes)?
Is enhanced geothermal like fracking, and how does it prevent water contamination?
How can geothermal meet the massive, growing energy demand of AI and data centers?
Why is geothermal important for achieving 24/7 clean energy?
How is the geothermal industry providing a “just transition” for oil and gas workers?
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#geothermalenergy #fervoenergy #cleanenergy #aienergy #climatetech #deeptech
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Future in Bloom bridges climate tech and human nature. Hosted by clean energy entrepreneur Steph Speirs, Future in Bloom brings together innovators, scientists, and investors working on the world’s most promising planetary solutions.

Adapted from the Yale School of Management course “Climate Tech Innovation and Commercialization,” learners discover next generation technologies through data-driven lectures, deep dive studio interviews, and vivid short documentaries. Future in Bloom is here to show that a thriving future is within reach.

Future in Bloom is supported by the Yale Center for Business and the Environment.
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About Me:
Steph Speirs is a clean energy entrepreneur, strategic advisor, and teacher. She founded Future in Bloom, a media studio about intelligent solutions for a thriving world. Steph teaches climate entrepreneurship at Yale School of Management and is a Resident Fellow at the Center for Business and the Environment. She keynotes and advises philanthropists, investors, and companies on the future of climate tech and clean energy. She serves on the Board of Directors of the Sierra Club Foundation, Vote Solar, and on the Credit Committee of the Community Investment Guarantee Pool. Steph most recently cofounded and was CEO of Solstice, an enterprise dedicated to radically expanding the number of American households that can take advantage of clean energy using community-shared solar farms (acquired by MyPower/Mitsui). Steph previously worked at the White House National Security Council and in clean energy companies in India and Pakistan.

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What happens when the next generation of clean energy lands in a small rural town?

After suffering from economic “boom and bust” cycles of mining, railroad, and hog production, Milford, Utah was ready for change.

This documentary explores how Fervo Energy’s cutting-edge geothermal project is breathing new life into the community, providing 24/7 green power, stable clean energy careers, and tripling local business in just a few years. Discover how a project developer’s connection to the community and commitment to hiring locals is fundamentally changing the town’s economic outlook, and how oil and gas workers are meaningfully transitioning to a better future.

Revival is supported by the Clean Economy Project.
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📧 Subscribe to Our Substack: https://substack.com/@futureinbloom

❓ Common Questions
Why is Milford, Utah important for renewable energy?
How does Fervo Energy’s geothermal project differ from previous geothermal plants?
What are “careers” as opposed to “jobs” in a rural community?
How is the oil and gas industry experience transferable to clean energy?
What is baseload 24/7 power?
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Future in Bloom bridges climate tech and human nature. Hosted by clean energy entrepreneur Steph Speirs, Future in Bloom brings together innovators, scientists, and investors working on the world’s most promising planetary solutions.

Adapted from the Yale School of Management course “Climate Tech Innovation and Commercialization,” learners discover next generation technologies through data-driven lectures, deep dive studio interviews, and vivid short documentaries. Future in Bloom is here to show that a thriving future is within reach.
—
About Steph Speirs:
Steph Speirs is a clean energy entrepreneur, strategic advisor, and teacher. She founded Future in Bloom, a media studio about intelligent solutions for a thriving world. Steph teaches climate entrepreneurship at Yale School of Management and is a Resident Fellow at the Center for Business and the Environment. She keynotes and advises philanthropists, investors, and companies on the future of climate tech and clean energy.

She serves on the Board of Directors of the Sierra Club Foundation, Vote Solar, and on the Credit Committee of the Community Investment Guarantee Pool. Steph most recently cofounded and was CEO of Solstice, an enterprise dedicated to radically expanding the number of American households that can take advantage of clean energy using community-shared solar farms (acquired by MyPower/Mitsui). Steph previously worked at the White House National Security Council and in clean energy companies in India and Pakistan.

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Why are clean energy projects being banned across America? The answer isn’t technology, it’s trust.

In this panel from the Aspen Institute’s Clean Econ: Revival In The West, we uncover the unscalable secret to success: enduring community trust. Learn how the same expertise used in oil and gas is delivering zero-emissions, 24/7 geothermal power, and why local relationships are the most vital part of project development. The discussion features Milford High School Principal David Kluff and Fervo Energy’s Senior SVP of Strategy Sarah Jewett.

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💡 The panel answers the biggest questions facing the energy transition:
Shifting Economics: Learn how to shift the economic outlook in boom-and-bust towns and create long-term careers.
Culture Over Policy: Understand why “policy follows culture” is increasing opposition to clean energy projects.
Durable Projects: Discover how to build durable, bipartisan projects by focusing on people and community needs.
Base Load Power: Explore how the oil and gas workforce is essential to delivering clean, 24/7 geothermal base load power.
The Unscalable Key: The most important secret to project success—enduring trust—is fully revealed.
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About this video:
The video features a panel discussion at the Aspen Institute, a prominent “think tank”, where experts address pressing global issues. This “climate change forum” explores strategies for organizations and governments to take greater action on “climate change” and “environmental protection”. Discover how leaders are working towards solutions for a “warming planet”.

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Full Episode LIVE Monday 24th, 8:00 AM EST!
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How does clean energy affect rural Americans? In Milford, Utah, a town historically shaped by the boom-and-bust cycles of mining, railroad, and coal, a new player has arrived: the world’s largest next-generation geothermal power plant.

This documentary explores how Fervo Energy’s cutting-edge geothermal project is breathing new life into the community, providing 24/7 green power, stable clean energy jobs, and tripling local business in just a few years. Discover how a project developer’s connection to the community and commitment to hiring locals is fundamentally changing the town’s economic outlook, and how oil and gas workers are meaningfully transitioning to a better future.

Revival is supported by the Clean Economy Project.
—
📧 Subscribe to Our Substack: /@futureinbloom

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Intelligent solutions for a thriving world 🌎
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📧 Subscribe to Our Substack: /@futureinbloom
—
Future in Bloom bridges climate tech and human nature. Hosted by clean energy entrepreneur Steph Speirs, Future in Bloom brings together innovators, scientists, and investors working on the world’s most promising planetary solutions.

Adapted from the Yale School of Management course “Climate Tech Innovation and Commercialization,” learners discover next generation technologies through data-driven lectures, deep dive studio interviews, and vivid short documentaries. Future in Bloom is here to show that a thriving future is within reach.

Future in Bloom is supported by the Yale Center for Business and the Environment.

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About Me:
Steph Speirs is a clean energy entrepreneur, strategic advisor, and teacher. She founded Future in Bloom, a media studio about intelligent solutions for a thriving world. Steph teaches climate entrepreneurship at Yale School of Management and is a Resident Fellow at the Center for Business and the Environment. She keynotes and advises philanthropists, investors, and companies on the future of climate tech and clean energy. She serves on the Board of Directors of the Sierra Club Foundation, Vote Solar, and on the Credit Committee of the Community Investment Guarantee Pool. Steph most recently cofounded and was CEO of Solstice, an enterprise dedicated to radically expanding the number of American households that can take advantage of clean energy using community-shared solar farms (acquired by MyPower/Mitsui). Steph previously worked at the White House National Security Council and in clean energy companies in India and Pakistan.