Gates Introduces New Initiative for Clean Energy Funding

Bill Gates is gearing up to unveil a plan to create a multi-billion dollar group called the Breakthrough Energy Coalition. This fund will gather resources from over two dozen public and private entities, including national governments, billionaire philanthropists, investment managers, and tech CEOs. While there’s no specific fundraising target for private investors, the fund aims to provide billions in seed capital for groundbreaking ideas in large-scale clean energy production. It plans to make broad investments, focusing on five key areas: electricity generation and storage, transportation, industrial applications, and agriculture.