#96 - Assia Kasdi - Milvus Advanced - "Can we create metals like we create shampoos?"

#96 - Assia Kasdi - Milvus Advanced - "Can we create metals like we create shampoos?"

Author: Hugo Rauch June 9, 2026 Duration: 42:02

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🌊 The New Alchemy of Clean Energy

Why the future of climate-tech may depend on replacing critical minerals altogether.

We’re joined by Assia, CEO of Milvus Advanced, an Oxford-born materials startup developing earth-abundant nanoalloys that can replace critical minerals like platinum, iridium, and indium.

What started as a PhD research project became a mission to solve one of the biggest hidden bottlenecks in the energy transition: our dependence on scarce, geopolitically concentrated materials.

In this episode, we explore why the clean energy transition is ultimately a materials challenge, and what it takes to build entirely new metals from scratch.

In our conversation, we covered:

→ Why Assia abandoned the idea that renewables are inherently sustainable

→ The journey from Oxford chemistry labs to venture-backed founder

→ How a 13th-century story about “German Silver” inspired a breakthrough in nanomaterials

→ Why most climate technologies depend on fragile mineral supply chains

→ The hidden role of metals in batteries, hydrogen, semiconductors, and clean energy systems

→ Why performance alone isn’t enough—and why cost always wins

→ How Milvus is creating substitutes for platinum-group metals using abundant materials like copper and nickel

→ The challenge of scaling chemistry from milligrams to kilograms—and eventually tons

→ What founders can learn from academia about risk, persistence, and conviction

→ Why climate startups are increasingly becoming sovereignty and defense companies

One of Assia’s most striking observations is that technologies don’t actually care which element they’re using. They care about the properties. The opportunity is about recreating critical minerals behavior with materials that are abundant, affordable, and locally available.

If that thesis proves true, the implications stretch far beyond climate.

✨ Leave a review and share the episode if this conversation challenged the way you think about growth, innovation, and sustainability.



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Hugo Rauch hosts New Wave, a podcast that lives at the intersection of business ambition and scientific reality. This isn't about distant predictions or abstract science; it's a grounded exploration of the technologies and companies being built right now to address our environmental future. Each episode focuses on the practical journey, dissecting the models, the breakthroughs, and the hard decisions that define the climate tech landscape. You'll hear from founders, researchers, and investors who are actively shaping this space, getting into the specifics of what works, what doesn't, and why. The conversations move beyond hype to examine the tangible mechanics of creating viable solutions, from energy storage and sustainable materials to carbon removal and regenerative agriculture. It’s for anyone who thinks about the climate challenge not just as a crisis, but as a complex and urgent field of innovation. By tuning into this podcast, you gain a clearer understanding of the economic forces and scientific principles driving the next generation of environmental solutions. New Wave connects the dots between the lab, the boardroom, and the impact we need to see in the world, offering a sober yet optimistic look at where substantive progress is truly being made.
Author: Language: English Episodes: 50

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