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EMIN ASKEROV
Cleantech FOAK and Scale-up Consiglieri
My insights and blog
Dive into my latest thoughts on Greentech trends, startup strategies, and investment insights. Stay ahead in the green revolution.
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Building the Smart Factory: Turning a Manufacturing Idea into a 500 MWh Reality in 9 Months
This post is about how Duke went from idea to operational factory in under 9 months—and what practical lessons it offers for cleantech scale-ups.
Emin Askerov
Jul 103 min read


Opportunity costs of climate technologies. It's not what you think.
Why pay more to achieve less? Really, why? Yet, you see this everywhere in climatetech. How come? A reduction in man-made CO2 emissions...
Emin Askerov
Jun 301 min read


The FOAK Impact: the First Two Questions to Ask a Would-be Scaleup.
Cleantech scaleup climate impact assessment framework.
Emin Askerov
Jun 266 min read


Make Transformers (Even) More Boring
The humble transformer is at the heart of the electric grid. And for decades, it’s been a tailor-made marvel. Engineers loved the craft,...
Emin Askerov
Jun 182 min read


EU Startup and Scaleup Strategy: A promising map, but still no compass
My full breakdown is now live:
What’s working, what’s missing, and what scaleups, especially in cleantech and manufacturing, can do today without waiting for Brussels.
Emin Askerov
Jun 123 min read


Second-hand equipment and loans for equipment in FOAK
Would you consider using second-hand equipment for your pilot/demo/FOAK?
Emin Askerov
Jun 102 min read


Book Review: "Unicorns, Hype, and Bubbles" by Jeffrey Funk
Check out my review of Dr. Funk's book, where I highlighted some key takeaways, like why hype has replaced productivity, why consultants always win first, and what it means for anyone evaluating early-stage tech in climate and beyond.
Emin Askerov
Jun 55 min read


The Hype Around Water Tech
Can you find unicorns in water? There is a hype around water tech startups. Climate is changing, and some countries, such as Turkey,...
Emin Askerov
Jun 32 min read


Bridging the FOAK finance gap: IPO before VC
They IPO’d before raising VC. Here’s why that was genius. ATOME Energy didn’t follow the usual startup playbook. No pre-seed. No seed. No...
Emin Askerov
Jun 21 min read


The Holy Trinity of FOAK Finance
You don’t need to have a financial degree or a background in finance to understand the key principles of funding a FOAK.
Emin Askerov
May 296 min read


FOAK no more. Three takeaways from the US climate rollback
Don’t play with the government. That’s a rule my father taught me. He built his business in the 90s and early 2000s in Russia. He knew...
Emin Askerov
May 272 min read


Post-FOAK Is the New FOAK: A Strategic Review of the OCED’s First-of-a-Kind Project Playbook
A review of possibly the most comprehensive collection of real-world examples for getting cleantech from the lab to steel-in-the-ground scale. If you’re in the weeds of building a FOAK (First-of-a-Kind) project, or advising someone who is, this report deserves a place on your desk.
Emin Askerov
May 223 min read


The Energy Test Framework
A climate tech idea that needs more energy than it saves? That’s not innovation. That’s a waste.
Emin Askerov
May 212 min read


Grants for FOAK
During my time scaling up climate tech, I wouldn’t touch government grants. Even when they could clearly reduce my capital costs, help to...
Emin Askerov
May 87 min read


Hydrogen planes: The new Concorde, minus the takeoff
Airbus just quietly moved the launch of its hydrogen-powered plane from 2035 to 2045. In corporate speak, that’s not a delay—it’s a...
Emin Askerov
Apr 251 min read


💸 Why (most) climate tech startups don’t deliver 10x returns
Data shows that 10x returns are extremely rare in the climate tech
Emin Askerov
Mar 251 min read


What will happen to Cleantech in 2025?
What are the main challenges to NetZero in 2025?
Emin Askerov
Mar 191 min read


Power and Progress: Does Technology Benefit All By Default?
the most cyberpunk thing I’ve read this year wasn’t fiction—it was a book by Nobel Prize winning MIT economists
Emin Askerov
Mar 64 min read


How Long Should Your Off-Take Be?
This week, I go briefly into the key factors behind determining the term of your off-take
Emin Askerov
Mar 32 min read


Three Steps to Building a FOAK
Your First-of-a-Kind (FOAK) project is where your climate tech startup is a startup no more. Investors, customers, and even your own team...
Emin Askerov
Feb 252 min read
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