Thursday, January 21, 2021

Gates, Bezos, Bloomberg Backed Fund Raises Another Billion For Greentech/Cleantech/AltEnergy

 From Seattle's own Geekwire:

Gates-led Breakthrough Energy Ventures raises another $1B for investing in climate innovation

Breakthrough Energy Ventures — an initiative to help the planet reach zero carbon emissions through innovation — has raised its second $1 billion round of funding.

The new capital will fund some 40-50 startups, according to Bloomberg News, and will focus on some of the trickier green technologies in development, including climate-friendlier steel and cement production, long-haul transportation, and technologies for capturing carbon from the air.

Breakthrough Energy Ventures is led by Microsoft co-founder Bill Gates and publicly launched in December 2016. Its investors and board of directors include more than two-dozen ultra-wealthy tech and business leaders from around the globe, including Jeff Bezos, Richard Branson, LinkedIn co-founder Reid Hoffman, Alibaba’s Jack Ma, and Michael Bloomberg.

Startups already backed by the fund are working on wide-ranging technologies including batteries, fusion reactors, biofuels, geothermal power, cleaner fertilizer and alternative protein sources....