I’ve now spent a few years in energy in the UK, some crazy observations 1) it’s really really hard to build utility scale energy generation regardless of technology, you might think it’s a technical bottleneck, but you would be WRONG e.g. you need to do tonnes of stupid
Brilliant British engineers at Rolls Royce have pioneered Small Modular Reactors - each of which generate 470MW.
That’s enough to power a million homes for at least 60 years.
They’re compact, totally safe and emission-free.
Why is Britain not doing all it can to accelerate
This is wrong… they made a rookie error of interest rate maturity mismatch in liabilities and assets. In interest rate risk management you should always aim to have more or less similar maturity.. this means money from DDA accounts you should invest in short term HQLA
Today we're publishing an Open Letter from over 150+ founders & investors across our startup & scaleup ecosystem to the @RachelReevesMP warning against a so-called 'Exit Tax'.
You can read the letter and sign on at no-exit-tax.co.uk
We are building the whole energy stack from scratch, including a Virtual Power Plant on @solana.
If you believe energy should be back in the hands of the people, come help us build it.
The future of energy is decentralized. Let’s make it happen.
They looked at the energy industry and saw a broken system.
So @alanchanguk and @chrlsorr rebuilt it — from EVs to the smart devices on your wall.
Fuse is a virtual power plant putting energy back in the hands of the people.
This is DePIN on Solana.
I would go further if people work in these “brand” companies for too long, this means they have accepted mediocrity/bureaucracy as norm. You do not want these people in a start up.
Here’s what’s on peoples mind in UK tech 1) if capital gains tax = income tax (sell later when you’re not a resident) 2) exit tax (move HQ out of UK immediately). Neither is good for the country.