Bill Gates is scheduled to announce plan to band investors together for a multi-billion dollar Breakthrough Energy Coalition.
The fund will be fed by a group that spans more than two dozen public and private entities — including national governments, billionaire philanthropists, investment fund managers and tech CEOs. There is no fund raising goal for private investors in the Gates initiative. But the fund represents billions in money to seed promising ideas in large-scale clean energy production. The fund says it will invest broadly and focus on five key areas: electricity generation and storage, transportation, industrial uses and agriculture.
Read more at CNN Money
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