Monday, December 12, 2016

Bill Gates, Jeff Bezos Back New $1 Billion Clean Technology Investment Firm

Bill Gates and Jeff Bezos are among a long list of backers of a new, $1 billion clean technology investment firm, Breakthrough Energy, announced by Bill Gates this morning. According to Gates, the new firm is focused on finding affordable and reliable energy that doesn't emit greenhouse gas, to power the future. Calling climate change a "serious threat", Gates said the new fund will invest more than $1 billion in scientific breakthroughs that have the potential to deliver cheap and reliable clean energy to the world. Joining Gates in the effort include notable Silicon Valley investors like John Doerr, Jack Ma, Hasso Plattner, and many others. The new firm will focus on technology in the areas of electricity, buildings, manufacturing, transportation, and food.