Fault Lines #17 - Matt Logan - From Ore to AI: Investing in the New Intelligence Economy

In this episode of Fault Lines, Augustin Sayer sits down with Matt Logan, co-founder and General Partner at Earthshot Ventures, to trace his journey from climate policy and early cleantech startups to venture capital. Matt shares how years spent across operating roles, corporate venture and Elemental Impact ultimately led to the creation of Earthshot Ventures, a fund built around the conviction that climate solutions need to be not only impactful, but economically compelling and capable of scaling.

The conversation dives into Earthshot’s evolving investment thesis and its “clean intelligence stack”: from critical minerals and clean energy to efficient computing, AI infrastructure and climate-positive applications. Augustin and Matt explore what the AI boom means for energy and resources, why critical minerals are becoming increasingly strategic, and how startups can build the infrastructure needed to power a cleaner, more intelligent economy.

[00:00:00] Introducing Matt Logan and Earthshot Ventures
[00:01:18] From Climate Policy to Climate Tech
[00:04:44] The Cleantech “Nuclear Winter”
[00:06:31] Breaking Into Venture Capital
[00:07:27] Building the Future of Energy Storage
[00:12:51] Joining Elemental Impact
[00:16:54] How Earthshot Ventures Was Born
[00:18:43] Climate Impact Meets Financial Returns
[00:21:52] Raising Earthshot’s First Fund
[00:29:18] Finding the Best Climate Tech Founders
[00:34:34] Why Ownership Percentage Isn’t Everything
[00:39:00] The “Clean Intelligence Stack”
[00:39:37] The AI Supply Chain and Its Climate Impact
[00:49:22] Making Data Centers More Flexible
[00:49:25] Emerald AI and the Future of Clean Compute

Fault Lines Podcast is for informational and entertainment purposes only. Nothing in this podcast constitutes investment, financial, legal, or tax advice, nor a recommendation to buy, sell, or hold any security or pursue any investment strategy. Nothing here is an offer to sell or a solicitation of an offer to buy any security or interest in any fund. The views expressed are those of the host and guests in their personal capacity and do not represent the views of OVNI Capital LLC, OVNI Capital SAS, or any affiliated entity. Opinions expressed by guests are their own. Information is believed accurate as of the recording date but is not guaranteed. Listeners should consult their own professional advisors before making any financial decisions.

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