€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.
I am all for clean energy. The current path here in California is to transition away from fossil fuel. It is reported that there is a bill tabled in Sacramento for new home construction to have hookups for electric ovens, dryers only, and phase away from natural gas.With the desire to transition to electric cars by 2035 and initiatives like the one above, I surely hope they
The nation is sharpening its focus on sustainable energy, including the goal of eliminating greenhouse gas emissions by 2050. Here in Washington state, the 2019 Clean Energy Transformation Act sets the course for carbon-free electricity by 2045.As we