It’s not often that the world’s richest people get together, agree on a goal that’s for the public good, and then set about finding ways to achieve it. But that’s what Bill Gates has achieved with Breakthrough Energy Ventures (BEV), which aims to invest $1 billion into radical energy startups capable of drastically cutting global emissions. The fund draws on the resources of billionaires like India’s Mukesh Ambani, Amazon’s Jeff Bezos, former New York City mayor Michael Bloomberg, Virgin’s Richard Branson, Alibaba’s Jack Ma, and SoftBank’s Masayoshi Son.
We can now report, for the first time, a full list of the other companies that BEV is funding and will publicly acknowledge. Among them is a geothermal energy company:
Fervo Energy: - founded by Tim Latimer & Jack Norbeck. A startup rethinking geothermal power with the help of modern computational models and horizontal-drilling technology. Fervo hopes that the technology it is developing will cut the cost of geothermal power by some 50%.
Fervo Energy: - founded by Tim Latimer & Jack Norbeck. A startup rethinking geothermal power with the help of modern computational models and horizontal-drilling technology. Fervo hopes that the technology it is developing will cut the cost of geothermal power by some 50%.
From the Global Geothermal News archives:
- Wednesday, May 9, 2018 - USA, California: Geothermal Scientists Get Berkeley Lab Support for EGS Startup
