Do you have competitors or are there only peers? What sets you apart from these companies?
The landscape of carbon markets today is quite nascent. There is a relatively small number of companies operating in this space, all are still in research and development phases. As such, the competition is not aggressive and is primarily over resources and the relatively few carbon credits offtakers.
Looking ahead, the scale of the problem is such that if the markets expand and demand grows, there will be immense opportunities. We envision collaboration rather than competition, recognizing that addressing the climate crisis requires collective effort and a multitude of solutions.
The world needs CO2eq removal of 40 gigatons per year to make the turnaround actually work. Where are we and where could we be?
We're still a long way from that goal. Even removing just two gigatons sounds unimaginable right now. I was listening to a lecture from Stanford yesterday, where the professor tried to put it in perspective. He said, if we put all 8 billion of us humans on a scale, the reduction needed would be like doubling the weight of every single person on Earth. It's a staggering scale to imagine, and we're nowhere near it.
Even if we consider the best-case scenarios and all available technologies, the cost to have a real impact is immense. We'd need trillions of dollars to achieve it. And frankly, I don't think the global economy is prioritizing this issue enough yet. I remain optimistic. I believe that humanity will eventually realize that preventing the climate crisis is far cheaper than dealing with its consequences.
The scalability factor is crucial here. Let me explain why wind integration is so important. Large wind projects, especially offshore ones, have been struggling financially due to low margins. However, with our solution, a turbine that generates between 1.2 and 1.5 million dollars in electricity revenue could potentially add another 1 million dollars in revenue from carbon credits. This completely changes the economics of wind energy. If we can demonstrate this benefit to the industry, it opens the door for widespread adoption and scalability of our solution.
You don't have a website right now. How can people find out more about your start-up?
Currently, the best way is to reach out to me via email (yuri@bom-vento.com.). Our focus has been on engaging specific stakeholders through conversations like the one we're having now. We will – of course - have a website in the very near future. If anyone is interested, whether it's for general inquiries or if they have potential connections or interests in the wind industry, chemicals industry, or insurance market—anyone who sees an opportunity to contribute and be a part of our journey—I'm more than happy to have a conversation.
How difficult is it right now to be a start-up in Israel?
Our work addresses a truly global problem, positioning us not just within the Israeli market, but in a global ecosystem.
While the current start-up climate in Israel is undeniably challenging, with less available capital, decreased valuations and a degree of interference with day-to-day business due to political and security developments, this environment also breeds resilience.
History has shown that some of the most impactful companies emerge from difficult times. We view these challenges as temporary hurdles. We're determined to thrive, prove our value proposition, and distinguish ourselves both locally and on the international stage.
Thanks Yuri for your time!