{"id":22713,"date":"2018-11-05T11:28:55","date_gmt":"2018-11-05T16:28:55","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=22713"},"modified":"2018-12-03T15:25:15","modified_gmt":"2018-12-03T20:25:15","slug":"billion-dollar-energy-fund-expands-its-portfolio-of-startups-fighting-climate-change","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/billion-dollar-energy-fund-expands-its-portfolio-of-startups-fighting-climate-change\/","title":{"rendered":"Billion Dollar Energy Fund Expands its Portfolio of Startups Fighting Climate Change"},"content":{"rendered":"<div class=\"landing-links\"><a href=\"https:\/\/test.greenmoney.com\/2025\/november-issue-2018\/\"> &gt;&gt; Back to November 2018<\/a><\/div>\n<p>It\u2019s not often that the world\u2019s richest people get together, agree on a goal that\u2019s for the public good, and then set about finding ways to achieve it. But that\u2019s what Bill Gates has achieved with <strong>Breakthrough Energy Ventures<\/strong> (BEV), which aims to invest $1 billion into radical energy startups capable of drastically cutting global emissions. The fund draws on the resources of billionaires like India\u2019s Mukesh Ambani, Amazon\u2019s Jeff Bezos, former New York City mayor Michael Bloomberg, Virgin\u2019s Richard Branson, Alibaba\u2019s Jack Ma, and SoftBank\u2019s Masayoshi Son.<\/p>\n<p>In June, Quartz broke the story of BEV\u2019s first two investments: Form Energy, which is developing two new types of battery chemistries capable of storing weeks and months worth of energy, respectively, and Quidnet Energy, which is developing a technology to replicate the benefits of hydropower by pumping water into subsurface shale formations.<\/p>\n<p><!-- \/212189234\/inarticle --><\/p>\n<div id='div-gpt-ad-1622053269469-0' class=\"ad-float-left\"><script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1622053269469-0'); });\n<\/script><\/div>\n<p>We can now report, for the first time, a full list of the other companies that BEV is funding and will publicly acknowledge. (Some companies in its portfolio prefer not to be named, says Carmichael Roberts, BEV\u2019s head of investing, while BEV plans to announce others at a later stage.)<\/p>\n<p><strong>QuantumScape:<\/strong> A startup building an all-solid-state battery, which many experts believe is key to the future of electric cars.<\/p>\n<p><strong>Commonwealth Fusion Systems:<\/strong> A firm working on a nuclear-fusion reactor that uses high-temperature superconductors and aims to be the first fusion system to produce net-positive energy.<\/p>\n<p><strong>Pivot Bio:<\/strong> A biotech company developing a microbial solution that can replace nitrogen fertilizers, reduce nitrogen runoff, and eliminate the related production of nitrous oxide\u2014a greenhouse gas 300 times as powerful as carbon dioxide.<\/p>\n<p><strong>CarbonCure:<\/strong> A firm that is injecting recycled carbon dioxide into concrete to increase its strength compared to conventional concrete. The result is cost savings and carbon reductions for the concrete industry.<\/p>\n<p><strong>Fervo Energy:<\/strong> A startup rethinking geothermal power with the help of modern computational models and horizontal-drilling technology. Fervo hopes that the technology it is developing will cut the cost of geothermal power by some 50%.<\/p>\n<p><strong>DMC Biotechnologies:<\/strong> A company tailoring microbes to produce high-value chemicals, including biofuels. DMC claims to have technology that can cut costs and save time needed to scale up biological synthesis.<\/p>\n<p><strong>Zero Mass Water:<\/strong> A startup selling specialized panels that use solar power and batteries to pull water from the air. The goal is to reduce the amount of energy needed to access clean drinking water without geographical limitations.<\/p>\n<h3>It\u2019s a Betting Game<\/h3>\n<p>Gates has invested in a handful of energy companies before. In the process, he\u2019s learned that energy startups are not like software companies. These startups progress slowly and at great expense, earning them the moniker \u201ctough tech\u201d because they work on difficult problems that require fundamental breakthroughs. Investors need to be willing to put forward not just money, but also support for scientists transitioning to becoming entrepreneurs or first-time founders learning to run a company.<\/p>\n<p><strong>Read the complete article here<\/strong> &#8211; <a href=\"https:\/\/qz.com\/1402301\/bill-gatess-1-billion-energy-fund-is-expanding-its-portfolio-of-startups-fighting-climate-change\/\" target=\"_blank\" rel=\"noopener\">https:\/\/qz.com\/1402301\/bill-gatess-1-billion-energy-fund-is-expanding-its-portfolio-of-startups-fighting-climate-change\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bill Gates has Breakthrough Energy Ventures investing in radical energy startups capable of drastically cutting global emissions<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[155],"tags":[125,135,136,134],"class_list":["post-22713","post","type-post","status-publish","format-standard","hentry","category-november-2018-faith-and-finances","tag-additional-articles","tag-energy-climate","tag-impact-investing","tag-sustainable-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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