Bill Gates-backed solar power firm Heliogen Inc will merge with a special-purpose acquisition company (SPAC) to go public in a deal that values the combined entity at about $2 billion, the companies said on Wednesday. The merger with Athena Technology Acquisition Corp, a women-led SPAC that raised $250 million in its initial public offering in […]
Gates-Backed Solar Company Seeks to Boost Power Output in Merger
A solar-technology firm backed by the Bill Gates-led Breakthrough Energy Ventures is seeking to boost output of photovoltaic panels as much as 30% by joining forces with a company developing an advanced cell material. Massachusetts-based 1366 Technologies Inc., which makes wafers for solar cells, is merging with Hunt Perovskite Technologies LLC, according to a statement. […]
Bill Gate’s Breakthrough Energy Venture Plans to Invest USD 300 Mn in India
Breakthrough Energy Ventures- backed 1366 Technology is planning to invest USD 300 million in setting up a 2 GW solar wafer and cell manufacturing facility in India. Breakthrough Eene Founder and CEO Frank Van Milero informed that the US-based firm will set up the facility in government production- linked incentive (PLI) Scheme. Media reports state […]
Bill Gates and EU pledge $1 billion boost for green technology
The European Union and an energy investment programme founded by Bill Gates plan to raise up to $1 billion to roll out the low-carbon technologies Europe is betting on to meet its climate change goals, the European Commission said on Wednesday. The partnership would see Gates-founded Breakthrough Energy use private capital and philanthropic funds to […]
Bill Gates wants to dim the Sun and we would like to know why?
When it comes to ideas which can drive this world crazy and bring it onto its heels, a few personalities always have a backing. As Bill Gates believe: “Power comes not from Knowledge kept but the knowledge shared”. And yes, he believes in sharing most of his greatest ideas for a better future of the […]
Bill Gates Backs Plan Of Spraying ‘chalk Dust’ To Fight Global Warming Despite Backlash
Implementing Bill Gates’ controversial experiment of “deflecting sun” by blocking its rays authorities in the arctic town will “lower” Earth’s temperature. In a bid to reduce the hazardous impacts of global warming, a private donor-funded project, of which Bill Gates is a part, has been approved for this week which will send a gigantic balloon […]
Bitcoin’s energy consumption has jumped 80% since the beginning of 2020, according to a study from Cambridge
Bitcoin now uses 80% more energy than it did at the beginning of 2020. Bitcoin uses 128 terawatt-hours annually, according to estimates from Cambridge. The cryptocurrency is responsible for 0.59% of total worldwide energy consumption. Bitcoin’s energy consumption has jumped 80% since the beginning of 2020 amid a meteoric rise for the digital currency. According to Cambridge’s […]
Google Spinoff Malta Nabs $50M Series B for Thermal Long-Duration Storage
Malta converts electricity to thermal energy and back again, theoretically unlocking up to 200 hours’ worth of energy storage. Malta has raised a $50 million Series B round to bring its super-long-duration energy storage to market, the company said Wednesday. The startup spun out of Google parent company Alphabet’s moonshot factory, X, in 2018. Many […]
Bill Gates has a master plan for battling climate change
The co-founder of Microsoft became obsessed with developing clean tech through his philanthropic work. With a new book, ‘How to Avoid a Climate Disaster,’ and a cadre of billionaire partners, he now has an action plan for ending the world’s carbon dependency. A day before the inauguration, as Lady Gaga rehearsed “The Star-Spangled Banner” in […]
China makes fight against climate change more affordable for world, says Bill Gates
NEW YORK, (Bernama): Microsoft co-founder Bill Gates has applauded China’s determination to prioritise the climate and its contributions to carbon reduction, saying the world benets from the country’s efforts to make green energy more affordable. “It’s great that President Xi is making climate a priority and wants to work with other countries on this,” said […]
