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Imagine if you could pick a team comprised of the world’s best investors. A team whose every member is a celebrity and has made a good fortune in the business. Well, such a dream team now exists and is attracting world’s biggest investors too.
Breakthrough Energy Ventures: The Dream Team
This is not a upcoming Hollywood movie title or a best selling book. Breakthrough Energy Ventures is a billion dollar fund backed by some of the world’s best, top investors. The list includes:
- Bill Gates (Microsoft)
- Jeff Bezos (Amazon)
- Mark Zuckerberg (Facebook)
- Michael Bloomberg (Bloomberg)
- Richard Branson (Virgin)
- Jack Ma (Alibaba)
- Julian Robertson (Tiger)
- David Rubenstein (Carlyle)
- Ray Dalio (Bridgewater)
- Reid Hoffman (LinkedIn)
- Jon Doerr (Kleiner Perkins)
- Masayoshi Son (Softbank)
- Dustin Moskovitz (Facebook)
- Vinod Khosla (Khosla)
The purpose of this dream team is to;
Make sure that everyone on the planet can enjoy a good standard of living, including basic electricity, healthy food, comfortable buildings, and convenient transportation, without contributing to climate change
The team announced its five point strategy which is as follows:
1. Energy storage
2. Biofuels
3. Global microgrids
4. Zero-carbon building materials
5. Geothermal energy technology
Energy transitions take a long time, but there’s more urgency than ever to prevent the worst impacts of climate change – Bill Gates
We need new models of investment and new partnerships between governments and a broad network of investors, companies, and energy customers. Breakthrough Energy is designed to help facilitate those partnerships and bring more energy products from the lab to the market more quickly. – Bill Gates
First Investments: 2 Startups:
Team’s first two investments are as follows:
Form Energy
This is focused on creating ultra-low cost, long duration batteries for renewable energy.
Quidnet
Using oil & gas technology, Quidnet helps in converting existing wells into energy storage facilities. This will help in large-scale renewable integration.
Via: Forbes
