Bill Gates is set to reveal a plan for the formation of a multi-billion dollar association, known as the Breakthrough Energy Coalition. The fund will draw resources from a group that incorporates over two dozen public and private entities, including national governments, billionaire philanthropists, investment fund managers, and tech CEOs. The Gates initiative does not have a specific fundraising target for private investors. However, the fund signifies billions in seed capital for innovative ideas in large-scale clean energy production. The fund plans to invest broadly and concentrate on five critical areas: electricity generation and storage, transportation, industrial applications, and agriculture.
For more details, visit CNN Money.
Image credit: Novelrobinson
