Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Billionaires’ Breakthrough Energy Ventures fund makes seven investments



ImpactAlpha, October 2 – The $1 billion Breakthrough Energy Ventures (BEV) fund launched in late-2016 to finance emerging climate-friendly energy technologies. It has recently invested in seven new ventures, including:

  • Commonwealth Fusion Systems, which is building an experimental fusion energy device, called Sparc;
  • Zero Mass Water, which is creating rooftop devices to capture fresh water from the air;
  • Pivot Bio, which is developing an alternative to standard nitrogen-based fertilizers;
  • CarbonCure, which is devising a way to turn concrete production from a high-carbon industry to a carbon-capture industry;
  • Fervo Energy, which is designing new geothermal energy systems;
  • DMC Biotechnologies, which is testing new microbe strains to serve as the basis for making biofuels; and
  • QuantumScape, which, like BEV’s prior investments, is working in battery design.

In all, BEV has made nine investments and has committed about 10% of its fund.

The fund, which is backed by a billionaire bench including Bill Gates, Jeff Bezos, Jack Ma, Mukesh Ambani, Richard Branson, makes long-term investments of up to 20 years, to address the need of extremely patient capital required by early stage, high tech companies.

BEV’s first two investments were in Quidnet Energy, which turns old oil wells into energy storage vaults, and Form Energy, which is developing battery chemistries to lower renewable-energy storage costs.

You might also like...