Bill Gates led $1 billion energy fund is expanding its portfolio of startups fighting climate change. Bill Gates has added a geothermal startup to his clean energy fund s first bets, according to a story first reported by Vox. The $1 billion Breakthrough Energy Ventures fund is also pouring money into geothermal, grid storage, biofuels and more. Breakthrough Energy Ventures was created Breakthrough Energy Coalition, an investor led fund, to build the new, cutting edge companies that will deliver on that promise. The goal of Breakthrough Energy is to make sure that everyone on the planet can enjoy a good standard of living, including basic electricity, healthy food, comfortable buildings, and convenient transportation, without contributing to climate change. Among the first batch of startups are: QuantumScape, Commonwealth Fusion Systems, Pivot Bio, CarbonCure, Fervo Energy, DMC Biotechnologies, and Zero Mass Water.Google And Goldman Sachs back bitcoin startup for small businesses, Veem. Veem, an enterprise payments startup that uses bitcoin to directly connect customers bank accounts with suppliers and customers, has raised strategic investment of $24 million Series B to accelerate its exponential growth. The round was led by banking giant Goldman Sachs, with participation from GV (formally Google Ventures), Kleiner Perkins, Silicon Valley Bank, Trend Forward Capital, and Pantera Capital. This brings the total amount raised to $69.3 million. Veem makes it very easy to send and request money worldwide. Veem was founded in 2014 by Marwan Forzley and Aldo Carrascoso. Before founding Veem, CEO Marwan Forzely worked at Western Union before he later sold his last company to Western Union to help the money transfer giant directly connect to customer bank accounts.
The Breakthrough Energy Ventures fund of Bill Gates and other philanthropists has announced its first funding round for technology startups in the clean energy space. Among the companies in grid storage, biofuels and more, there is one geothermal startup.
This time around, the duo pretended to be Ukrainian Prime Minister Volodymyr Groysman and an interpreter, hoping to talk to Perry about energy policy. Perry s office scheduled a followup, no questions asked, as Perry presumably sat up straight, smoothed back his hair, and gave his staff a thumbs up in anticipation of his big boy business call. The ostensible purpose of the call was to discuss the Republican catnip that is American coal exports, but Perry also discussed a potential oil pipeline and natural gas exploration in Ukraine and America s withdrawal from the Paris Climate Accord, according to The Washington Post. That s embarrassing enough, but that wasn t the real reason Kuznetsov and Stolyarov called: They wanted to tell Perry that Ukrainian President Petro Poroshenko had developed a revolutionary new biofuel composed of home brewed alcohol and porcine manure, a.k.a. moonshine and pig shit, as translated by Pravda Report. Perry s response? That he d like to know more about this interesting scientific development, and that he had never had Prince Albert in a can, but he looked forward to trying this Ukrainian delicacy on his next official visit. We made up that last part, but you can listen to Perry say the first part on the real prank call, which was posted in full on the Russian news site Vesti, below.
The 20 minute conversation focused on the cooperation between Kiev and Washington on energy issues, cybersecurity, and the nation's efforts to "develop" a new biofuel.Russian pranksters, Vladimir Kuznetsov ("Vovan") and Alexei Stolyarov ("Lexus") sparked Perry's interest in a new biofuel that they said Ukrainian President Petro Poroshenko invented himself. According to Pravada Report, the pranksters told Perry the fuel was made from a mixture of home brewed alcohol and pig manure.
During flight tests in 2013 and 2014 near NASA's Armstrong Flight Research Center in Edwards, California, data was collected on the effects of alternative fuels on engine performance, emissions and aircraft generated contrails at altitudes flown by commercial airliners. The test series were part of the Alternative Fuel Effects on Contrails and Cruise Emissions Study, or ACCESS.Contrails are produced by hot aircraft engine exhaust mixing with the cold air that is typical at cruise altitudes several miles above Earth's surface, and are composed primarily of water in the form of ice crystals.
The death of Cuban revolutionary Fidel Castro, a fierce critic of biofuels like ethanol, has raised hopes among industry experts that some of Cuba's vast tracts of fallow land may soon be used to ease its dependence on fuel imports.
The move, part of the Finland government s energy and climate strategy, aims to make the nation's energy production carbon neutral and based on renewable biofuels by 2050, Good News Finland reports.The news doesn t come as a surprise as the fossil fuels use has been steadily falling in the European nation since 2011. Things got even more serious in 2012, when Finland hiked investments in renewable, leading to a near doubling of wind power capacity the following year, according to New Scientist. And as recent as this February, the government injected a further $85 million ( 80 million) into its renewable power sector.
Bill Gates has thrown his weight behind a small U.S. firm that hopes to licence its innovative biomass energy technology in Alberta and worldwide.The billionaire co founder of Microsoft, who has backed several other U.S. biofuel startups over the years, is the lead investor in a $14 million US financing round announced Thursday by Pennsylvania based Renmatix.
Billionaire and Microsoft co founder Bill Gates has invested his funds in yet another company that makes tech for biofuels and biochemicals.On Thursday Renmatix, which is based in King of Prussia, Penn., announced that it 's raised a funding round of $14 million to continue the company 's long slog towards commercialization. The company has developed a process that converts plant waste and biomass into sugars that can be converted into biofuels and bio versions of chemicals.
"If there are refuelling spots, driving the BioBus is very ecological, " driver and developer Janne Kilpinen says of his trip to the Sodankyl Film Festival.Finland's northernmost biofuel station is in Laukaa, near Jyv skyl , but biofuel is becoming more and more popular. Several municipalities in Sweden, for instance, utilise dump trucks and public transport that run entirely on biodegradable fuel.