Precursor Launches Revolutionary Project Development and Advisory Platform to Accelerate Commercial Deployment of Breakthrough Energy and Industrial Technologies
Introduction
Led by a team of seasoned infrastructure veterans with a combined track record of over $30 billion in project development and deployment, Precursor is launching a groundbreaking project development and advisory platform dedicated to first-of-a-kind (FOAK) industrial and energy infrastructure projects. Precursor aims to help innovative technologies bridge the critical gap between innovation and commercial deployment, ensuring that breakthrough energy and industrial solutions reach the market at scale.
Addressing the Urgency of Industrial Infrastructure Deployment
David Yeh, Precursor founder and former White House infrastructure lead, emphasizes the urgency of rapid deployment of innovative industrial infrastructure. “Without swift deployment of clean power, next-generation batteries, and other advanced technologies, America risks falling behind in the global race for energy and industrial dominance,” Yeh said. “The most challenging yet crucial step is successfully building and operating the first commercial-scale project. We are the first firm designed to guide the next generation of ‘Teslas’ from pilot to FOAK to mass deployment.”
A Proven Track Record
Precursor brings together an unparalleled team of infrastructure veterans with over a century of experience in developing, financing, and building landmark projects. Their collective track record includes deploying over $30 billion in revolutionary projects and technology companies. These efforts have catalyzed pivotal advancements such as the electrification of transport, the growth of the U.S. utility-scale solar sector, and the resurgence of geothermal and nuclear energy. Some signature achievements include:
- A $495 million Department of Energy (DOE) loan for Tesla’s first electric vehicle (EV) manufacturing facility.
- A $12 billion DOE loan for the Vogtle nuclear plant, the first new U.S. nuclear plant in 30 years.
- The 300 MW clean, firm power FOAK project by NET Power.
The Critical Role of First-of-a-Kind Projects
Paul McDonough, Precursor partner and developer of NET Power’s FOAK deployment, underscores the importance of successful FOAK projects. “First-of-a-kind projects are where breakthrough energy technologies either succeed or fail,” McDonough said. “With over 40 years of experience in infrastructure development, I’ve witnessed firsthand how proper project development and execution can mean the difference between a billion-dollar success and a catastrophic failure. Our mission is to ensure that promising climate technologies don’t perish in the valley between innovation and scaled deployment.”
Comprehensive Support for Innovators
Precursor serves as the fractional “Chief FOAK Officer” for the next generation of energy and industry technology innovators. The firm functions as an advisor, mentor, and execution partner, offering tailored support for clients’ most critical company and project priorities. Engagements include:
- Developing bankable business models.
- Derisking early-stage projects.
- Innovating financing strategies, including non-dilutive and strategic capital.
- Securing creditworthy commercial agreements.
- Leading end-to-end project execution.
Leadership Team with Deep Expertise
Precursor’s leadership team comprises seasoned professionals with extensive experience in climate, infrastructure, and technology:
- David Yeh: A 30-year climate veteran, investor, and FOAK leader.
- Dong Kim: Former Deputy Director and Chief Engineer at DOE’s Loan Programs Office.
- Bernie Yoo: A deep tech operator and exited founder.
- Paul McDonough: A 40-year veteran of NET Power and infrastructure development.
- Michael Walton: An energy transition expert with decades of development experience.
Timing is Critical
The launch of Precursor comes at a pivotal moment for new industrial technology deployment. Recent years have highlighted the existential importance of successful FOAK execution for deep-tech companies. While companies like Fervo and Solugen have achieved remarkable returns through successful industrial scale-ups, others like NorthVolt have faced bankruptcy despite substantial funding, underscoring the critical role of infrastructure development and finance expertise.
Real-World Impact
David Fauvre, Co-Founder at Blue Whale Materials, echoed the importance of Precursor’s role. “Scaling first-of-a-kind projects isn’t just about innovation—it’s about execution and having the right partners,” Fauvre said. “David and the team at Precursor bring invaluable real-world experience in taking projects from pilot to commercial success. As we expand industrial-scale lithium-ion battery recycling, we value Precursor as a trusted advisor in navigating the complexities of scaling technologies.”
Partnerships for the Future
Precursor is actively seeking partnerships with the next generation of energy and industrial innovators. For more information or to explore collaboration opportunities, visit Precursor.earth.
By leveraging its unparalleled expertise and resources, Precursor is poised to accelerate the commercial deployment of groundbreaking technologies, driving America toward a cleaner, more sustainable future.
