Breakthrough Energy is the umbrella name of several organizations, founded by

Bill Gates William Henry Gates III (born October 28, 1955) is an American businessman and philanthropist. A pioneer of the microcomputer revolution of the 1970s and 1980s, he co-founded the software company Microsoft in 1975 with his childhood friend ...

in 2015, that aim to accelerate innovation in

sustainable energy Energy system, Energy is sustainability, sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs." Definitions of sustainable energy usually look at its effects on the e ...

and in other technologies to reduce

greenhouse gas emissions Greenhouse gas (GHG) emissions from human activities intensify the greenhouse effect. This contributes to climate change. Carbon dioxide (), from burning fossil fuels such as coal, petroleum, oil, and natural gas, is the main cause of climate chan ...

. It has been investing in a variety of startup companies which were attempting to commercialize new concepts such as

nuclear fusion Nuclear fusion is a nuclear reaction, reaction in which two or more atomic nuclei combine to form a larger nuclei, nuclei/neutrons, neutron by-products. The difference in mass between the reactants and products is manifested as either the rele ...

, large-capacity batteries to store

renewable energy Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

, and microbe-generated

biofuels Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels such as oil. Biofuel can be produced from plants or from agricultural, domestic ...

. In 2025, strategy shifted away from

public policy Public policy is an institutionalized proposal or a Group decision-making, decided set of elements like laws, regulations, guidelines, and actions to Problem solving, solve or address relevant and problematic social issues, guided by a conceptio ...

towards supporting

clean energy Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs." Definitions of sustainable energy usually look at its effects on the environment, the economy, and s ...

technology alone, as the

Second Trump administration Donald Trump's second and current tenure as the president of the United States began upon his inauguration as the 47th president on January 20, 2025. On his first day, Trump pardoned about 1,500 people convicted of offenses in the Janua ...

has been promoting fossil fuels and dissolved programs addressing

climate change Present-day climate change includes both global warming—the ongoing increase in Global surface temperature, global average temperature—and its wider effects on Earth's climate system. Climate variability and change, Climate change in ...

History

At the

2015 United Nations Climate Change Conference The 2015 United Nations Climate Change Conference, COP 21 or CMP 11 was held in Paris, France, from 30 November to 12 December 2015. It was the 21st yearly session of the United Nations Climate Change conference, Conference of the Parties (COP) ...

in November 2015, Gates announced that a coalition of 28 high net-worth investors from ten countries had committed to the Breakthrough Energy initiative. A complementary initiative of Gates, Mission Innovation, was announced at the same time. In December 2016, a group of investors collectively worth announced more personal commitment to funding the efforts of a fund "focused on fighting climate change by investing in clean energy innovation." The fund is named Breakthrough Energy Ventures fund. In March 2025, Bill Gates dissolved the unit working in Europe and the United States unit working on

, because "it was not likely to have a significant effect in Washington", as the

has been promoting fossil fuels and dissolved programs addressing

Strategy

At its inception in 2015, Gates explained, "The renewable technologies we have today, like wind and solar, have made a lot of progress and could be one path to a zero-carbon energy future... But given the scale of the challenge, we need to be exploring many different paths." Breakthrough Energy invests primarily in businesses where the risk of failure is high and the timeframe for return on investment is 20 years. Traditional

venture capitalists Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

look for a return on investment in five years, which may not be enough for the special challenges of the energy sector. In 2025, strategy shifted away from public policy towards supporting

companies through the Breakthrough Energy Catalyst program, Breakthrough Energy Ventures.

Members

The group is spearheaded by

, who previously announced a personal $2 billion investment, and includes: *

Jeff Bezos Jeffrey Preston Bezos ( ;; and Robinson (2010), p. 7. ; born January 12, 1964) is an American businessman best known as the founder, executive chairman, and former president and CEO of Amazon, the world's largest e-commerce and clou ...

Marc Benioff Marc Russell Benioff (born September 25, 1964) is an American internet entrepreneur and philanthropist. Benioff is best known as the co-founder, chairman and CEO of the software company Salesforce, as well as being the owner of ''Time (magazine ...

Michael Bloomberg Michael Rubens Bloomberg (born February 14, 1942) is an American businessman and politician. He is the majority owner and co-founder of Bloomberg L.P., and was its CEO from 1981 to 2001 and again from 2014 to 2023. He served as the 108th mayo ...

Richard Branson Sir Richard Charles Nicholas Branson (born 18 July 1950) is an English business magnate who co-founded the Virgin Group in 1970, and controlled 5 companies remaining of once more than 400. Branson expressed his desire to become an entrepreneu ...

* Ray Dalio *

Reid Hoffman Reid Garrett Hoffman (born August 5, 1967) is an American internet entrepreneur, venture capitalist, podcaster, and author. Hoffman is the co-founder and former executive chairman of LinkedIn, a business-oriented social network used primarily ...

Jack Ma Ma Yun (; born 10 September 1964), or more commonly referred as Jack Ma, is a Chinese businessman and philanthropist. He is the founder of the Jack Ma Foundation, and co-founder of Alibaba Group and Yunfeng Capital. As of May 2025, Ma's ne ...

George Soros George Soros (born György Schwartz; August 12, 1930) is an American investor and philanthropist. , he has a net worth of US$7.2 billion, Note that this site is updated daily. having donated more than $32 billion to the Open Society Foundat ...

Tom Steyer Thomas Fahr Steyer (; born June 27, 1957) is an American climate investor, businessman, hedge fund manager, philanthropist, environmentalist, political candidate and liberal activist. Steyer is the founder and former co-senior-managing-partner ...

Meg Whitman Margaret Cushing Whitman (born August 4, 1956) is an American business executive, diplomat, and politician. A member of the Republican Party, she ran for governor of California in the 2010 California gubernatorial election and lost to former Ca ...

* Dani El Zain *

Mark Zuckerberg Mark Elliot Zuckerberg (; born May 14, 1984) is an American businessman who co-founded the social media service Facebook and its parent company Meta Platforms, of which he is the chairman, chief executive officer, and controlling sharehold ...

University of California The University of California (UC) is a public university, public Land-grant university, land-grant research university, research university system in the U.S. state of California. Headquartered in Oakland, California, Oakland, the system is co ...

, the sole institutional investor at launch * Nat Simons *

Mukesh Ambani Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian billionaire and businessman who is the chairman and managing director of Reliance Industries. As of May 2025, he is the richest person in Asia and The World's Billionaires, 13th richest ...

Criticism

There has been criticism that the coalition was announced too early, before crucial details had been confirmed. At launch, a

Gates Foundation The Gates Foundation is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported to be the third largest charitable foundation in the world, holding $ ...

spokesman confirmed that investment professionals had yet to be appointed, named investors—other than Gates—had not publicly stated their level of investment and a financial structure had not been confirmed.

Notable projects

*Blue Frontier - a startup developing new

air-conditioning Air conditioning, often abbreviated as A/C (US) or air con (UK), is the process of removing heat from an enclosed space to achieve a more comfortable interior temperature, and in some cases, also controlling the humidity of internal air. Air c ...

technologies as of 2022 *Verdox — carbon capture. In February 2022, Breakthrough Energy agreed to join an investors syndicate providing $80 million in capital to Verdox, Inc., a

startup company A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses tha ...

attempting to scale a new

carbon capture Carbon capture may refer to: * Carbon capture and storage Carbon capture and storage (CCS) is a process by which carbon dioxide (CO2) from industrial installations is separated before it is released into the atmosphere, then transported to a l ...

and removal platform developed at the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a Private university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of moder ...

—one of five carbon capture technology investments the organization would make by the beginning of the following May. The Verdox, Inc. carbon capture design, created by chemical engineers T. Alan Hatton and Sahag Voskian, co-won a $1 million preliminary prize along with Carbfix (co-founded by geochemist

Wallace S. Broecker Wallace "Wally" Smith Broecker (November 29, 1931 – February 18, 2019) was an American geochemist. He was the Newberry Professor in the Department of Earth and Environmental Sciences at Columbia University, a scientist at Columbia's Lamont–D ...

) from an

X Prize Foundation XPRIZE Foundation is a non-profit organization that designs and hosts public competitions intended to encourage technological development. The XPRIZE mission is to bring about "radical breakthroughs for the benefit of humanity" through incentiv ...

contest funded by

SpaceX Space Exploration Technologies Corp., commonly referred to as SpaceX, is an America, American space technology company headquartered at the SpaceX Starbase, Starbase development site in Starbase, Texas. Since its founding in 2002, the compa ...

CEO

Elon Musk Elon Reeve Musk ( ; born June 28, 1971) is a businessman. He is known for his leadership of Tesla, SpaceX, X (formerly Twitter), and the Department of Government Efficiency (DOGE). Musk has been considered the wealthiest person in th ...

. * Methanol fuel cells (August 2022), conversion of methanol to electricity * Data Blanket - a wildfire drone technology start-up * Dioxycle, a startup developing sustainable

ethylene Ethylene (IUPAC name: ethene) is a hydrocarbon which has the formula or . It is a colourless, flammable gas with a faint "sweet and musky" odour when pure. It is the simplest alkene (a hydrocarbon with carbon–carbon bond, carbon–carbon doub ...

from recycled

carbon emissions Greenhouse gas (GHG) emissions from human activities intensify the greenhouse effect. This contributes to climate change. Carbon dioxide (), from burning fossil fuels such as coal, petroleum, oil, and natural gas, is the main cause of climate chan ...

. * efforts to connect producers and consumers of

green hydrogen Green hydrogen (GH2 or GH2) is hydrogen produced by the electrolysis of water, using renewable electricity. Production of green hydrogen causes significantly lower greenhouse gas emissions than production of grey hydrogen, which is derived fr ...

References

; Bundled references

External links

Official website
{{Bill Gates 2015 in the environment 2015 in Paris Climate change finance United Nations climate change conferences Renewable energy commercialization Sustainable energy Bill Gates