https://www.bloomberg.com/...19/bill-gates-led-fund-raises-another-1-billion-to-invest-in-clean-tech
Profit remains the ultimate objective, but BEV set another criteria: companies needed to show a path to scaling up that would cut at least 500 million metric tons of annual CO₂ emissions—about 1% of global emissions.
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That’s why BEV relies on a team that consists of academics, entrepreneurs, former government officials, and bankers, along with VC investors. Their mission goes beyond judging an idea and the people behind it to rigorously evaluate the feasibility and potential of new technologies.
The next $1 billion will go to between 40 and 50 startups. While BEV is still interested in a broad set of technologies, it’ll place special focus on “tougher climate challenges” in greener steel and cement, long-haul transport, direct air capture and hydrogen.
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In some areas where BEV might not find enough investable startups, it intends to launch new companies itself relying on its own technical expertise. “This model has already been successfully executed more than once but the companies have yet to be disclosed,” said Toone.
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