Principal Builder Abid Siddiqui shared the stage with Julia Lundin from AES as part of Latitude Media’s Transition-AI conference to discuss how AI Fund and AES are rapidly co-building energy startups.
Since announcing the partnership in June, we’ve already funded on startup (it’s still in stealth) and have more in the works.
Some interesting takeaways from their conversation:
- Lundin explained that they had to ditch their traditional approach of incubating ideas in-house for years because AI is just moving too quickly — they needed a partner who could keep up with the breakneck pace
- Siddiqui revealed that AI is making previously “un-investable” energy projects suddenly attractive to venture capital, especially when they can work at a “junior analyst level”
- Their strategy isn’t just about cutting administrative costs — it’s also about boosting plant efficiency and output
- The key to picking winners? Siddiqui looks for what he calls the “hair on fire” problems, that is the urgent issues that need solving across multiple sectors
Dive deeper into how AES and AI Fund are reshaping the energy sector with AI and read the full article in Latitude Media.
