Microsoft mogul launches $1B clean energy fund

With efforts to curb greenhouse gas emissions, Microsoft co-founder, Bill Gates, has launched a $1 billion fund to finance emerging clean energy technology.

“Our goal is to build companies that will help deliver the next generation of reliable, affordable, and emissions-free energy to the world,” Billy Gates said in a statement.

The investment approach of the new venture is meant to be both broad and scientific and it will last for 20 years, helping start-ups in the earliest stages of development as well as companies already at the commercialisation stage, across energy sectors including electricity generation and storage, transportation, industrial system use, agriculture, and energy system efficiency.

Source: ESI-Africa