Breakthrough Energy is dedicated to helping humanity avoid a climate disaster. Through investment vehicles, philanthropic programs, policy advocacy, and other activities, we’re committed to scaling the technologies we need to reach net-zero emissions by 2050.
We are delighted to announce our $37m Series A Fundraise. The investors who have committed to 44.01 include climate leaders, geological carbon storage experts and global technology developers.
The round is led by Equinor Ventures with Shorooq Partners in the UAE, as well as (in alphabetical order) Air Liquide Venture Capital (ALIAD), Alumni Ventures, Amazon's Climate Pledge Fund, Climate Investment (CI), Innovation Development Oman, Planet A Ventures, Salica Investments Oryx Fund, Siemens Financial Services, Sumitomo Corporation and several other investors. Existing investors including Breakthrough Energy Ventures have also recommitted to 44.01’s technology by participating in the round.
This fundraising will enable us to continue refining our technology, expand internationally, and build commercial-scale mineralisation projects.
Thank you to all our investors for demonstrating their confidence in our mineralisation technology. We’re looking forward to working together to make mineralisation at scale a reality.
Find out more here: https://lnkd.in/d4FBBqx3
I had the privilege to attend the Breakthrough Energy Summit #BESummit2024 in London, a gathering of climate tech startups, investors, and industry leaders to discuss and drive the clean energy transition. Here are some key takeaways:
1. Energy is Prosperity: I highly recommend watching the inspiring and insightful keynote by Eric Toone, Breakthrough Energy's CTO and Executive Managing Partner (YouTube below). It's about 45 minutes long and absolutely worth it! Eric explained how energy underpins our economy and global prosperity, emphasizing the extraordinary challenges we face in transitioning from today's fossil fuel-dominated energy mix to a clean energy system. He discussed the roles of solar/wind in the new energy mix and the potential of geothermal, nuclear fusion, and geologic hydrogen. Eric is highly optimistic that breakthrough innovation will drive the clean energy transition and tackle climate change.
2. Execution and Delivery are Crucial: Since Bill Gates founded Breakthrough Energy in 2015, climate tech startup companies have made remarkable progress. Tangible technology de-risking results and scaling-up milestones were showcased on stage and in the exhibition rooms. The clean energy transition is a highly challenging endeavor that requires hard work, resilience, and disciplined execution. Having worked side-by-side with BE Fellows over the last two years, I have great respect for the founders of these startup companies. They will be the future leaders in the clean energy industry! Congratulations to them for achieving technical, engineering, and commercial milestones! Sam KannerBingbin YuJames ReevesCaleb BoydKevin BushAaron FitzgeraldKristian GubschClaes KollbergPAUL SANDBERG Felix Nelles David OrtegaAlexander IpChristine GabardoMark ChaddertonChristopher OzeDaniel KoppEdouard BulteauAlice HavillJennifer WagnerBen MargolisHiran V.Jesse LouMadhav AcharyaFrancisco Pérez-Ojeda RodríguezGuy Michlin
3. Fostering Partnerships and Listening to Others: The clean energy transition will impact everyone in society. Technology, industry, policy, consumers, and markets all have roles to play. Building broad and strong partnerships and, most importantly, understanding others' perspectives and challenges is essential. Structured workshops at the summit facilitated debates and discussions on selected themes and sectors.
4. Clean Energy Transition is Global: It was gratifying to see attendees from all continents and great to meet with the Singapore delegation. I look forward to collaborating with more international partners!
A big thank you to Breakthrough Energy, particularly the BE Fellows team, for orchestrating a successful summit and bring together a community dedicated to achieving a net-zero future and sustainable prosperity. Ashley GroshBrenda Haendler Rosemary Cox-Galhotra John LemmonBenjamin GaddyAbigail MathiesonJolene GurevichMatt PurdySaad ChaudhryMeghan BaderTaylor CarvalhoTerence Tse
Seconding what Adria Wilson, Ph.D. said! Eric Toone's talk from the Breakthrough Energy Summit is a must-watch for anyone interested in addressing climate change.
What's the TL;DR from his talk? Energy is prosperity! #BESummit24 🌎 🌟
If there is one thing everyone should watch, even if you're only a little bit interested in addressing climate change, it's Eric Toone's talk from the Breakthrough Energy Summit a few weeks ago.
Literally, tell everyone.
https://lnkd.in/etPpk_Cg
Singapore – a powerhouse in trade and finance – is now leveraging its strengths to lead Southeast Asia’s critical decarbonization efforts. From becoming a hub for carbon trading and cleantech investments to financing renewable energy projects, Singapore is setting goals for a clean energy future.
Read more in Cipher News: https://nt-z.ro/3WtnJfB
Today, we’re proud to unveil Fast Track, our proposal to accelerate the development and deployment of breakthrough clean energy technologies. This initiative aims to harness recent investments, existing resources, and streamline federal processes, driving rapid innovation to achieve our net-zero goals.
Our proposal outlines how the Department of Energy can bridge critical gaps and accelerate progress in supporting early-stage technologies, ensuring a robust pipeline of market-ready solutions. Dive into the details and explore how Fast Track can transform the energy landscape.
Learn more in a newsroom post by Adria Wilson, Ph.D., Farah Benahmed, and Tori Fessenden: https://nt-z.ro/3WqS4vi
It's great to see this bipartisan commitment to advance American leadership on clean energy. Resilient, reliable power—including from nuclear—is critical for economic growth, competitiveness, and our ability to build a better future.
We’ve been on the move over the past couple weeks! From sponsoring local events in our #Texas backyard to meeting with Norway’s Standing Committee on Energy & Environment to speaking at the Breakthrough Energy Summit in London, Team Infinium is active in communities committed to #decarbonization. Big thanks to our friends, partners and colleagues across the globe who continue to partner with us to drive adoption of ultra-low carbon #eFuels that will reduce our global dependence on fossil fuels. We’re all in this together!
#PecosRodeo#BESummit2024#innovation#decarbonization#eFuels
Two weeks ago, Breakthrough Energy CTO Eric Toone gave a master class on the complexity - and promise - of achieving net-zero.
Skip to the 26:30 mark for a crash course on alternating current power grids, frequency regulation, and integrated system modeling 😎
Bottom line: to electrify decarbonize we are going to need to deploy hundreds of gigawatts of clean, firm, dispatchable generation. And to do that we will need a lot more transmission!
In the words of Dr. Toone: “We have to develop new ways to operate the grid. We have to develop new ways to model the grid. We have to build a device that will work with intermittent and dispatchable resources together.”
#EnergyIsProsperity
Watch here: https://lnkd.in/eKzxY2tQ
At this year's #BESummit, our CEO Dr. Daniel Betts, PhD, MBA was invited to present the critical issues affecting air conditioning today and how Blue Frontier is revolutionizing the way we tackle these problems, sustainably and efficiently.
This summit, hosted by Bill Gates & Breakthrough Energy gathered policymakers from all over the world, clean tech VC companies, and over 100 innovators showcasing groundbreaking technologies that are not just theoretical but practical and ready to combat climate change now. Blue Frontier, Inc. is proud to be part of this Big Innovation Ecosystem.
Click on the video below to watch his engaging speech... and let's talk.
#netzero#Sustainability#innovation#BESummit24#BCGatBESummit#breakthroughenergysummit#ACrevolution
Energy is prosperity! Last week at the Breakthrough Energy Summit, Dr. Eric Toone gave the most inspiring presentation on energy I've ever heard. I would highly encourage folks carve out some time to watch it.