Bill Gates raises over $1 bn for clean energy
Bill Gates's nonprofit group Breakthrough Energy announced Monday that it has raised more than $1 billion from seven major companies, including ArcelorMittal and General Motors, to fund clean energy development.
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The amount raised so far tops $1 billion and has been given in the form of grants, shares and commitments to acquire the technologies developed, a spokesman for the organization told AFP.
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The idea is to support the development of new energy solutions to combat climate change by bringing together the public and private sectors and funding the steps to commercialization. Other companies are expected to join the initiative.
The project will initially focus on accelerating the deployment of four technologies: direct carbon capture, green hydrogen, long-term energy storage and sustainable aviation fuels.
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