Corporate Venture Capital in Energy Explained | Mark Gustafson
In this episode of the Cowles Ventures Podcast, I sit down with Mark Gustafson, President of Avista Development and Director of Strategic Investments at Avista.
Mark brings a unique perspective from decades spent at the intersection of utilities, energy infrastructure, software, innovation, and corporate venture capital. With experience spanning CTO leadership, strategy, data science, and startup investing, this conversation dives deep into what the “utility of the future” may actually look like.
We cover:
• Corporate venture capital in the utility industry
• Grid modernization and energy infrastructure
• AI, data science, and utilities
• Challenges startups face selling into regulated markets
• Innovation inside large organizations
• The future of distributed energy and electrification
• Strategic investing and long-term infrastructure bets
Mark also shares insights on how utilities evaluate emerging technologies, where climate innovation is heading, and why the next decade of energy transformation may reshape far more than just the power grid.
If you enjoy conversations around venture capital, startups, infrastructure, AI, clean technology, and the future of energy, this episode is for you.
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