Bill Gates is taking climate change head on with his newly formed Breakthrough Energy Ventures fund. Gates is leading the fund along with a network of investors worth $170 billion, including Virgin’s Richard Branson and Amazon’s Jeff Bezos.
BEV will donate more than $1 billion into clean energy innovation projects over the next 20 years, focusing on its goal of reducing greenhouse gas emissions.
“Anything that leads to cheap, clean, reliable energy we’re open-minded to,” Gates says.
This move by Gates comes after his commitment last year to personally invest an additional $1 billion into clean energy.
However, this move will shift Gates away from his home turf of information technology.
“People think you can just put $50 million in and wait two years and then you know what you got,” Gates says. “In this energy space, that’s not true at all.”
A driving force behind the fund is to take innovative new technologies from the lab to the marketplace. Currently, the federal government funds a huge percentage of fundamental research efforts in fields such as energy storage, which are the subsequently commercialized by private investors.


A team of researchers at Case Western Reserve University is building a flow battery prototype to provide cleaner, cheaper power.
Cybersecurity concerns crop up everywhere you turn lately –
Recent safety concerns with lithium-ion batteries exploding in devices such as the Samsung Galaxy Note 7 phone and
Google is going green.
ECS Fellow
Global energy demands are predicted to reach 46 terawatts by 2100. That number is a far reach from the 18 terawatts of energy currently generated around the world. According to one expert in the field, a major shift in the way we produce and consume energy is necessary in order to meet future demands.
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