Gates-led Breakthrough Energy Ventures—which counts 24 other billionaires as co-investors—has put money into some 40 startups that are developing clean energy technologies for everything from lithium extraction to steelmaking. F our years ago, Bill Gates launched a $1 billion fund , called Breakthrough Energy Ventures, that brought together more than 20 (now 28) like-minded investors to invest in scientific breakthroughs that have the potential to deliver cheap and reliable clean energy to the world. The ultimate goal is to shepherd new zero-emissions technologies to market. Since then, it's backed dozens of startups developing green technology innovations that range from replacing fossil fuels with carbon-free equivalents to inventing meat alternatives. "We're only focused on investments that will have a substantial effect on climate change," Gates told Forbes earlier this year. So far one of the startups it's backed has gone public via SPAC: solid-state lithium-metal battery maker QuantumScape, which hasn't started selling its batteries yet. Some of the clean energy innovations Breakthrough Energy Ventures invests in are moonshots, and the technology may take a decade or more to develop. But finding solutions is imperative. "If we're going to avoid a climate disaster, we have to get from 51 billion [tons of greenhouse… Read full this story
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Bill Gates Is Betting On These Cleantech Outfits To Help Save The Planet have 320 words, post on www.forbes.com at April 22, 2021. This is cached page on wBlogs. If you want remove this page, please contact us.