Hello! We are young clean energy entrepreneurs going all-in to fight against climate change! With only a decade left to provide serious solutions, we are leaving our corporate jobs to create a platform to enable everyone to take a direct part in f...
Hey guys! Thanks for tuning in! A few months ago, we launched our startup Terra2 to enter the ground floors of fighting climate change. Since then, we have raised almost $75,000 to fund our lean 8-team operation. At Terra2, we believe people want to fight climate change—they just don’t have the opportunity to easily participate.
· The United Nations 2019 climate report states that the world only has until 2030 to prevent catastrophic consequences from climate change. It’s almost on the verge of becoming impossible.
· Technological improvements in the last few years have made solar cheaper than natural gas, coal, wind, etc. ( https://www.lazard.com/media/451086/lazards-levelized-cost-of-energy-version-130-vf.pdf)
· While investments into renewable energy are increasing, it’s not enough. We need to get more solar farms into the ground ASAP.
· Our goal is to open renewable energy to a new source of investment: you, the average investor! By accelerating the flow of capital into this space, we can build more solar farms faster and save the world before it’s too late.
Our solution is an online platform that lets everyday people quickly invest into solar farms, earn a return on investment (the profit from selling energy to power grids), and monitor carbon emissions reductions over time. We’re launching a beta platform later this year! Check out our website at www.terra2.com and if you like what you see, please join the waitlist. We want to share our site visits and form submissions with investors so we can show them that this is a project with real demand worth funding. We’d also love any feedback, either positive or negative, so we can make improvements to our ideas as quickly as possible.
Special thanks to the mods over at r/climateoffensive for their help on bringing awareness to our solution and the support!
Edit: Additional Proof https://twitter.com/Terra2Official/status/1216136476091723776
Edit1: Ouch, gg to our first reddit AMA. But is that all ya'll got? (all on the same team, btw...)- David
Edit2: Wow we were seriously confused where all these random downvotes to people's comments came from....
Edit3: Moved edit notes to bottom and updated broken link to Lazard report
Edit5: A big thank you to everyone so far for participating with your questions! It's getting into the late hours, but we will still try and get to as many as we can. In the meanwhile, we'll start aggregating the answers to some of the more commonly voiced questions/concerns and leave them here below!
Edit6: Hey guys! Thanks so much for the questions and feedback. Unfortunately we're closing the AMA for tonight. We'll be back tomorrow to answer more comments and questions so please stay tuned!
Edit7: Last update! We are officially closing out this AMA - we'd like to give a sincere thank you to everyone who brought their questions and feedback to the table. Together, we generated some good discussion points and we'll definitely be referring back to the comments here to incorporate the feedback moving forward. However just because the AMA has ended, doesn't mean the conversation has to. We encourage you to reach out with any more questions, and we'd be happy to address them:
General Inquiries - [[email protected]](mailto:[email protected])
Partnerships - [[email protected]](mailto:[email protected])
Summary of the FAQs - https://www.terraii.com/faq
Stay up to date with our progress and news on our blog - https://medium.com/terra2
Q: What do you provide that normal solar/energy ETFs dont?
A: The plan is to build out a tech platform with features that will keep users actively engaged with their energy investments. With regards to returns, at this time, we can't give a projection on those numbers at this time. What we can say is that we will definitely aim to compete with the returns that ETFs provide with the hopes that they'll be appealing enough to incentivize users to use our platform!
Q: Will you only operate in the U.S? Do you have plans for international projects?
A: We'd definitely love to invest overseas but we chose to start in the States for now which we believe is a great target considering it's the second largest producer of emissions after China! We are definitely looking to expand overseas as soon as we can.
Q: What do you mean we only have a decade left..?
A: No, the world is probably not coming to an end in 10 years. However, according to the 2019 Emissions Gap Report from the UN, we are running out of time to reduce emissions to a point that would limit the increasingly severe environmental impacts of the future.
Q: Why solar? What about other renewable sources?
A: The costs for solar development have declined due to improvements in solar technology, making it more attractive as an investment offering. From a logistical perspective, at our current early stage for a team of our size with minimal resources, it makes sense to us to focus our efforts rather than risk spreading ourselves thin across multiple types and and not properly executing on any of them.
Q: What can I do to help?
A: A good first step would always be to do your own due diligence/research and understand for yourself the current state of the many environmental facts, as well as arguments out there, from both sides.
That being said there are a multitude of ways to contribute to positive environmental change. Our platform that we're creating is just but one of them that we hope will drive positive impact and that we hope you will support.
With regards to us, you can start by visiting our website and checking out some of the information we have on there and showing your support for our solution by filling out the interest form!