€820M fund set up to bring down the price of clean energy
03 Jun 2021 | News
Bill Gates is teaming up with EU to finance large scale demonstration projects and boost the commercial prospects of green energy. It is hoped the initiative will attract wider private sector investment
Bill Gates. Photo: European Commission
The European Commission is teaming up with the Bill Gates-led green energy financing programme, Breakthrough Energy Catalyst, to raise €820 million for clean energy demonstration projects.
The money will be invested in technologies that are currently too expensive to scale-up, starting with green hydrogen, sustainable aviation fuels, direct air capture and long term energy storage.