Monday, November 30, 2015
Bill Gates, Mark Zuckerberg & Richard Branson Form Breakthrough Energy Coalition
A group of 28 investors, led by Microsoft Corp. founder Bill Gates, have unveiled an effort to help companies, including developing countries, widely deploy new clean energy technology.
Gates’s effort, dubbed the Breakthrough Energy Coalition, includes big names like Facebook chief Mark Zuckerberg, climate activist Tom Steyer and Virgin Group founder Richard Branson.
Private companies will ultimately develop these energy breakthroughs, but their work will rely on the kind of basic research that only governments can fund. The group has not commited to any particular funding levels, though it will be the single biggest cooperative research and development partnership in history. (The Hill, 11/29/2015)