Concerts, construction sites, and data centers waiting on the grid all run on temporary power. That means a generator big enough for the rare occasions the site needs full power, burning through unnecessary fuel when the load is a fraction of what it can handle. ANA's system lets a battery carry the load and runs the engine only to recharge it, cutting fuel use for temporary power needs by as much as 80%. This week, we're featuring an episode from our friends at the Energy Empire podcast where hosts Jigar Shah and Jamie Nolan sit down with Alicia Waineo, Co-founder and CFO of ANA, one of our portfolio companies. They discuss how Alicia went from being a registered nurse to running a business doing roughly $400 million a year, why they kept the diesel engine when everyone else was trying to kill it, and how they funded the whole thing on $700,000 of their own money plus one outside check. Before we hand it over, S2G's Gokul Raghavan explains why this was the bet we wanted to make in mobile power.Chapters: 00:30 — Why S2G Invested in ANA 05:18 — From Registered Nurse to Co-Founder 07:37 — Betting on a "Sleepy" Distribution Business 11:06 — The Invisible Industry Behind Every Job Site 14:17 — Inside EBOSS: Letting the Battery Carry the Load 18:06 — Why Nobody Did This Sooner, and the LTO Bet 21:35 — $11M to $400M on a Single Outside Check 25:09 — Europe, FlexBoost, and Powering the Super BowlThis episode originally appeared on Energy Empire. Energy Empire is hosted by Jigar Shah and Jamie Nolan, and covers the people, capital, and decisions shaping the future of energy. Check out more of their episodes at https://www.energyempire.fm/This content is for informational purposes only, should not be taken as legal, business, tax or investment advice, or be used to evaluate any investment or security, and is not directed at any investor or potential investor in any investment vehicle sponsored by S2G. Investing involves risk, including the risk of loss. Specific companies mentioned in this podcast are for educational purposes and should not be construed as an endorsement of any kind. S2G holds positions in the companies referenced, but this podcast is for information purposes only and is not intended to promote any such company. All views of the guests on this podcast are solely their opinions and do not reflect the opinions of S2G. Any past performance discussed is not indicative of future results. The views expressed herein are opinions based on certain assumptions and subject to change. For more important information, please see s2ginvestments.com/disclosures.

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