Breakthrough Energy Ventures

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Bill Gates and Jeff Bezos-backed fund invests in a global geothermal energy project developer

sudshr47 March 3, 2019

Breakthrough Energy Ventures, the investment firm financed by billionaires like Jeff Bezos, Bill Gates, and Jack Ma that invests in companies developing technologies to decarbonize society, is investing $12.5 million in a geothermal project development company called Baseload Capital. Baseload Capital is a project investment firm that provides capital to develop geothermal energy power plants […]

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With $90 million in funding, the Ginkgo spinoff Motif joins the fight for the future of food

sudshr47 February 26, 2019

Continuing its quest to become the Amazon Web Services for biomanufacturing, Ginkgo Bioworks has launched a new spinoff called Motif Ingredients with $90 million in funding to develop proteins that can serve as meat and dairy replacements. It’s the second spinout for Ginkgo since late 2017 when the company partnered with Bayer to launch Joyn […]

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Oil and gas giants Chevron and Occidental are backing tech to combat carbon emissions

sudshr47 January 10, 2019

Carbon Engineering, a Canadian company developing technology to remove carbon dioxide from the atmosphere and process it for use in enhanced oil recovery or in the creation of new synthetic fuels, has locked in financing from two big industry backers — Chevron and Occidental Petroleum — to bring its products to market. The undisclosed amount […]

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Alphabet spins off moonshot project Malta with backing from Gates’s BEV fund

sudshr47 December 24, 2018 Startups

Malta, the renewable energy storage project born in Alphabet’s moonshot factory X, is now on its own and flush with $26 million from a Series A funding round led by Breakthrough Energy Ventures . Concord New Energy Group and Alfa Laval also invested in the round. Project Malta launched last year in Alphabet’s X (formerly Google X) with […]