The goal of Breakthrough Energy is to make sure that everyone on the planet can enjoy a good standard of living, including basic electricity, healthy food, comfortable buildings, and convenient transportation, without contributing to climate change.
Launched at COP 21 in 2015, the Breakthrough Energy Coalition (BEC) is an influential group of investors and institutions committed to developing reliable and affordable energy technologies that can help solve climate change. BEC believes that forging deep partnerships between its members and governments will lead to more investments earlier, and more energy solutions for more people faster.
In December 2016, BEC created Breakthrough Energy Ventures—an investor-led fund with more than $1 billion in committed capital—to build cutting-edge companies that will help stop climate change. Since then, the fund has been building its team and refining its investment strategy.
The Breakthrough Energy Coalition created Breakthrough Energy Ventures—an investor-led fund with more than $1 billion in committed capital—to build cutting-edge companies that will help stop climate change. The fund will work closely with the coalition and its members to support promising innovations.
BEC announced that it has expanded to include prominent companies, institutional investors and banks. All coalition members share a commitment to investing in clean energy innovations that can help solve climate change.
BEC also announced five pilot public-private collaborations with governments (Canada, European Commission, France, Mexico, and the UK) to foster investment and accelerate global energy innovation. BEC will work with Mission Innovation countries to support research and expert advisory services that allow the Breakthrough Energy Coalition to do three things:
1. Match cutting-edge science from government research labs with investors willing to help scientists guide those innovations from the lab to the market;
2. Engage with governments to ensure that policy and regulation are encouraging the pipeline of potentially transformative ideas, projects and start-ups; and
3. Collaborate on deals to accelerate these technologies into the market place.
Based on an analysis of global megatrends and Breakthrough Energy’s landscape of innovation, the fund has identified five initial areas of focus to guide its investments. The fund’s team of leading scientists and company-building experts is reviewing investment opportunities in the following:
• Grid-scale storage
• Liquid Fuels
• Micro-/mini-grids for Africa/India
• Alternative building materials
The coalition connects cutting-edge, government-funded research to interested investors so that more clean energy innovations get to market faster. Together, BEC and Mission Innovation represent every link on the long chain of energy innovation—from discovery through development to deployment. BEC brings together these diverse stakeholders to support a coordinated approach to energy innovation.
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. The full list of BEC members is available at: http://www.b-t.energy/coalition/who-we-are
Members provide ongoing input on investment priorities to inform match-making and provide countries with market guidance. Members also contribute expertise and insights to support research activities and advisory services. In the future, we expect members to work together on deals—building companies and commercializing technologies—to bring more products to market sooner.