New Mexico's $72 Billion Bet on Clean Energy - Live Inevitable Podcast at SF Climate Week

Hosted at the SVB Experience Center Rob Black is Cabinet Secretary of the New Mexico Economic Development Department, and Bruce Brown is Head of Strategic Climate Initiatives at the New Mexico State Investment Council, the state’s $72B sovereign wealth fund. Together, they are driving one of the most ambitious state-level strategies in the U.S. to turn energy wealth into long-term climate innovation and economic growth. The conversation also features MCJ portfolio founders building in the state: Carrie von Muench, Co-founder of Pacific Fusion, developing modular fusion energy systems, and Carl Hoiland, Co-founder and CEO of Zanskar Geothermal, using AI to discover and scale geothermal resources. Together, our guests explore how sovereign capital, policy, and startups intersect—from funding venture managers and attracting hyperscale projects to enabling first-of-a-kind (FOAK) infrastructure. The episode highlights what it actually takes to build (climate) companies in a new geography, and how New Mexico is positioning itself as a hub for advanced energy and climate tech. More from MCJ: 🎧 Inevitable podcast: https://mcj.news/pod 📥 FREE newsletter ft. energy & transition topics, jobs, etc.: https://newsletter.mcj.vc/ 🤝 MCJ Collective: https://mcj.news/member 💰 Venture Capital: https://mcj.news/portfolio