Olli Kangas is coming for your CO2 spewing furnace–or at least help you find you a cleaner, maybe cheaper, way to power your plant. With cofounder Pasi Hakulinen, he launched Finnish software startup Intergrid in 2023. It has digital tools that let factory owners estimate their energy use, find the best sustainable alternatives, and forecast the cost of the switch. Since launching, Intergrid has secured $13 million in funding from funds including True Ventures and Lifeline Ventures. “Fossil fuels offer a very good customer experience,” he said. “What we need to do is not only match that experience, but build something that is as simple, easier, cheaper for the customer.”
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0:00: Introduction of Olli Kongas, co-founder and CEO of Ingrid.
2:00: Olli discusses his background as a consultant and VC in the energy sector and how he observed the potential for innovation, the willpower on the industrial side, but a disconnect in making the transition to renewable energy happen effectively.
4:00: Olli explains how his consulting background helped him understand that customers don’t just want an algorithm but an easy way out of fossil fuels
6:00: Olli talks about the most effective renewable alternatives, noting that it depends on the geography and power market. He gives examples like heat pump systems in France with stable nuclear power and e-boilers with thermal storage in areas with more volatile renewable power.
8:00: Olli discusses how Ingrid’s pitch varies depending on the industrial sector. End-customer-facing sectors focus more on “green values” and sustainability, while behind-the-scenes sectors (like material manufacturing) focus more on cost and efficiency.
12:00: Olli details how Ingrid supports each phase: integrated insights for discovery (custom simulations), a platform offering for execution (curated concept bundles), and integrated flow for operations (forecasting, system status, trading strategies).
16:00: Olli predicts that the future of the energy space will be about scaling existing renewable technologies rather than solely focusing on incubating new ones.
20:00: Olli shares Ingrid’s plans for 2025
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