Inevitable · 2026-05-13 · 55 min
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. This episode of Inevitable was recorded in front of a live audience on April 22, 2026 at the SVB Experience Center during SF Climate Week.
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