Key Takeaways from Midwest Moxie's Interview with Lauren Flanagan of Sesame Solar
Lauren Flanagan, the innovative founder of Sesame Solar, recently appeared on the Midwest Moxie podcast to share her entrepreneurial journey and insights into the renewable energy industry. Here are the key points from her engaging conversation:
1. Inception of Sesame Solar:
Lauren was motivated to start Sesame Solar during Hurricane Katrina and subsequent natural disasters. Witnessing the reliance on fossil fuel generators, which exacerbated CO2 emissions, she saw an opportunity to make a difference with Renewable Mobile Nanogrids.
2. Lessons from Steve Jobs:
Lauren reflected on her time working closely with Steve Jobs, emphasizing the importance of designing products that users don’t know they need yet but will find indispensable. The focus on design and user experience left a lasting impression on her, shaping her approach to product development.
3. Empowering Female Entrepreneurs:
As a co-founder of the Phenomenal Angels Fund and Bell Capital, Lauren is deeply committed to supporting female founders. She believes in leveling the playing field for women and other underrepresented groups, providing them with the necessary capital, connections, and community.
4. Innovative Product Development:
Sesame Solar’s Nanogrids are designed for rapid deployment and can be set up by one person in just 15 minutes. These grids, which include everything needed for power generation, highlight the company's commitment to turnkey solutions and sustainability.
5. Expansion into New Markets:
Initially focused on disaster relief, Sesame Solar has expanded into other sectors such as the entertainment industry, which seeks to decarbonize its operations. This showcases the versatility and broad application potential of their technology.
6. Impact of Legislative Support:
Lauren highlighted the positive impact of recent legislation like the Inflation Reduction Act and the Bipartisan Infrastructure Bill, which provide incentives for adopting clean energy solutions. These policies act as significant tailwinds for the industry.
7. Future Growth and Scaling:
With a global market potential of approximately $35 billion and growing, Sesame Solar is poised for significant expansion. Lauren discussed the importance of strategic capital raising and scaling manufacturing to meet future demands.
8. Recognition and Awards:
Time magazine and Fast Company have recognized Sesame Solar as one of the most innovative companies, underscoring its contributions to renewable energy solutions and disaster response. Read about the other awards Sesame Solar has received.
This interview highlights Lauren Flanagan’s vision and Sesame Solar’s innovative solutions and underscores the broader impact of renewable energy technologies in tackling environmental challenges and promoting sustainability.
Listen to the full podcast interview here https://www.wuwm.com/podcast/midwest-moxie/2024-07-10/from-investor-to-founder-lauren-flanagan
