Bill Gates-backed climate fund to invest $15 billion in clean tech
Breakthrough Energy Catalyst, a private-public fund backed by Microsoft Corp’s founder Bill Gates, is planning to invest up to $15 billion in cleantech projects across the United States, the United Kingdom, and the European Union
By Arghyadeep Dutta
Published - Jan 10, 2022, 05:36 PM ET
Last Updated - Jun 06, 2024, 03:42 AM EDT
• BEC has raised over $1.5 billion from businesses and charitable organizations
• One of the primary goals of the fund is to reduce the “green premium” for products
Breakthrough Energy Catalyst, a private-public fund backed by Microsoft Corp’s founder Bill Gates, is planning to invest up to $15 billion in cleantech projects across the United States, the United Kingdom, and the European Union.
The fund will invest in four key areas — direct air capture, green hydrogen, aviation fuel, and energy storage technologies, aiming to help countries reach net-zero emissions, Financial Times reported on Monday.
