The goal is to build cos that will help deliver the next generation reliable, affordable, and emissions-free energy to the world
The Breakthrough Energy Coalition (BEC), which has Mukesh Ambani and Alibaba’s Jack Ma as members, will invest more than $1 billion in Breakthrough Energy Ventures (BEV), an investor-led fund that will finance emerging energy breakthroughs for affordable and reliable energy to reduce greenhouse emissions, BEC said in a statement.
"It is extremely exciting for us to launch this fund as the next step in the commitment made by the Breakthrough Energy Coalition last year. Our goal is to build companies that will help deliver the next generation reliable, affordable, and emissions-free energy to the world,” said Bill Gates, chairman BEV.
“Breakthrough Energy Ventures will collaborate with other investors, governments, research institutions and corporate partners, bringing to the table an investor-led fund with internal scientific expertise, a long-term horizon, and a tolerance and understanding of the investment risks required to transform energy markets,” according to BEV statement.
"It is extremely exciting for us to launch this fund as the next step in the commitment made by the Breakthrough Energy Coalition last year. Our goal is to build companies that will help deliver the next generation reliable, affordable, and emissions-free energy to the world,” said Bill Gates, chairman BEV.
“Breakthrough Energy Ventures will collaborate with other investors, governments, research institutions and corporate partners, bringing to the table an investor-led fund with internal scientific expertise, a long-term horizon, and a tolerance and understanding of the investment risks required to transform energy markets,” according to BEV statement.
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