Bill Gates Opens $116 Million EU Green Energy Investment Fund

Oct. 17, 2018, 4:43 PM

Breakthrough Energy Ventures, the startup fund founded by billionaire Bill Gates, opened a 100 million euro ($116 million) investment fund to help European companies develop clean technologies.

“We need new technologies to avoid the worst impacts of climate change,” Gates said in Brussels, where he met with European Commission President Jean-Claude Juncker. “Scientists and entrepreneurs who are developing innovations to address climate change need capital to build companies that can deliver those innovations to the global market.”

Bill Gates
Photographer: Simon Dawson/Bloomberg

The $1 billion Breakthrough Energy fund established by Gates in 2016 was founded to pursue the long-shot technological ...

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