When it comes to the energy we use to power our lives, humans have been innovating for thousands of years. From wood to coal to oil, our technology has become more and more efficient.
Unfortunately, these energy transitions can take hundreds of years, and we don't have hundreds of years to transition to clean energy. Climate change is already harming hundreds of millions of people. The world must speed up the cycle of innovation.
The Breakthrough Energy Coalition is committed to building new technologies that change the way we live, eat, work, travel and make things so we can stop the devastating impacts of climate change. We believe that forging deep partnerships between governments and our members will lead to more investment earlier and more energy solutions for more people faster.
Building a new energy company or getting a new energy product ready for market takes a long time and a huge amount of capital. In the early stages of the process, governments fund basic science; in the last stages, when technologies are cost-competitive, companies deploy them at scale. The space in between however, where a big idea is validated and refined over and over again until it can be commercialized, requires a different approach to investing.
To stimulate this new approach, the Coalition has brought together a unique group that includes private investors who are patient and risk tolerant, global corporations that produce or consume energy in vast quantities, and financial institutions with the capital necessary to finance the world’s largest infrastructure projects. Our network extends into every sector of the global economy, allowing us to tap into additional expertise as needed.
Governments are involved in every step of energy innovation, from funding the basic research to translating that research into investment-worthy projects to regulating technologies as they are deployed in the market. Bringing governments, corporations, and investors together early can speed up every step of this process.
During the COP 21, nations came together in an historic commitment to prioritize innovation and that group of Mission Innovation countries has since invested more than $31 billion to support the development of new and enhanced low-emissions technologies.
Getting the right people talking to each other at the right time will speed the cycle of energy innovation. Scientists in government funded labs can benefit from the guidance and experience of seasoned investors to turn their innovations into marketable products and services. Connecting with interested investors early can help move those innovations from the lab to the market faster. Similarly, the companies and investors that are interested in developing new energy solutions at scale can benefit from insights on what is in the pipeline for government research.
The Coalition, along with the Mission Innovation countries, represents every link on the long chain of energy innovation, from discovery through development to deployment. By bringing these diverse stakeholders together in a single conversation, we take a coordinated approach to energy innovation that can transform our world.
To provide reliable and affordable power without contributing to climate change we need to address emissions in five key areas: electricity, transportation, agriculture, manufacturing, and buildings. We have mapped out a landscape of innovation that we believe will help humanity meet those challenges.