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. –Â 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