Considering his millions of
Khosla has now taken the time to clarify what he meant by "overhyped." Turns out, the venture capitalist sees "plenty of money to be made in both batteries and biofuels," but just doesn't think they have the disruptive power to really move the world into a new, low-carbon future. They're not the Black Swan he's looking for. Radical changes in battery pricing (down to about $250/kWh instead of the more common $1,000/kWh we hear today), construction and manufacturing need to come online before batteries become "truly competitive." Companies like Sakti3, Seeo and – maybe – EESTOR (he makes it clear he's skeptical of EESTOR) represent the type or research that needs to be done in advanced batteries. Khoslae is ready to throw money into research for new batteries, he just doesn't think we should get too excited. Yet.
Photo credit: James Duncan Davidson/O'Reilly Media, Inc.