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Article

12 Dec 2016

Author:
James Murray, Business Green

Bill Gates & other entrepreneurs launch $1 billion venture to accelerate investments in clean energy

"Bill Gates and billionaire allies launch $1bn 'breakthrough' clean tech investment venture," 12 Dec 2016

A year on from announcing plans to accelerate investment in clean energy research…Bill Gates has officially launched…Breakthrough Energy Ventures (BEV)…The 20 year fund is backed by some of the world's richest entrepreneurs, including Amazon founder Jeff Bezos, Virgin Group's Richard Branson, Jack Ma of Alibaba Group, and leading venture capitalists John Doerr and Vinod Khosla…Gates said in a statement. "Our goal is to build companies that will help deliver the next generation of reliable, affordable, and emissions-free energy to the world."…[T]he fund would take a long term perspective and would be looking to back ambitious, next generation technologies…The venture's new website hints it will look to invest in a wide range of technologies. "To provide reliable and affordable power without contributing to climate change we need to address emissions in five key areas: electricity, transportation, agriculture, manufacturing, and buildings," it states….