Bill Gates' Investment Group Launches European Clean Energy Fund

A new $111 million clean energy innovation fund has been launched with the goal of getting capital intensive startups off the ground.

Bill Gates, billionaire and co-chair of the
 Bill and Melinda Gates Foundation,
 during a panel session at the World
Economic Forum in Davos, Switzerland. 

The initiative is the work of Breakthrough Energy Ventures, the $1 billion fund launched by Bill Gates in late 2016. It has pulled together a coalition of corporate and private investors including SAP, GE, Jeff Bezos, Vinod Khosla and Jack Ma.

Breakthrough Energy Ventures Europe (BEV-E) has been launched in partnership with the European Commission. The European Investment Bank (EIB) and BEV are providing half the capital each. It is described by BEV as a “pilot” offering the potential for a scaling up of the cooperation beyond the initial funds.

Read the Forbes story by John Parnell - “Bill Gates' Investment Group Launches European Clean Energy Fund.”