REUTERS/Charles Platiau
Bill Gates, Jeff Bezos, Mark Zuckerberg and a group of billionaires are investing in two energy storage startups through their fund, Breakthrough Ventures.
Energy storage is one of the biggest bottlenecks in the widespread adoption of renewable energy.
Breakthrough Ventures’ fund is designed to be “patient capital,” which means it doesn’t mind waiting a long time to see returns.
Bill Gates, Jeff Bezos, Mark Zuckerberg and a host of their uber-rich compatriots are investing in two energy startups that could solve one of the biggest problems with renewable energy.
They’re investing through a $1 billion fund, Breakthrough Ventures (BEV), which announced last year that energy storage would be one of its main focuses. See the rest of the story at Business Insider
NOW WATCH: You’ve been pouring your Guinness all wrong
See Also:
China plans to build $3 billion-worth of solar farms shaped like giant pandasJapan’s demographic time bomb is getting more dire, and it’s a bad omen for the countryChina’s solar energy explosion reveals a dim future for fossil fuels — here’s what it looks like
SEE ALSO: Bill Gates, Jeff Bezos, and other investors are launching a $1 billion green energy fund
Read more: feedproxy.google.com
