Wednesday, October 17, 2018

The 7 Wild Energy Technologies That Just Got a Billion-Dollar Boost

large turbines create electricity in power plant
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It’s touch and go whether current efforts to curb carbon emissions will avert catastrophic climate change. That’s why a group of billionaires have pledged $1 billion to fund radical new energy technologies, and they’ve just announced their first seven investments.

Breakthrough Energy Ventures (BEV) is an investment fund that aims to shake up the energy industry. The endeavor is the brainchild of Bill Gates, but he’s managed to rope in a host of high-profile investors, including Jeff Bezos, Richard Branson, Jack Ma, and Michael Bloomberg.

The first two companies to be funded were revealed by Quartz back in June, and now they’ve released the names of seven more. There are others in their portfolio that don’t want to be named, so this isn’t BEV’s full roster, but here’s a rundown of the technologies that some of the world’s leading business titans think could help us avert environmental disaster.

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