As a part of Mission Innovation, launched in Paris on November 30, 2015, The Breakthrough Energy Coalition will invest in early stage companies having the potential “to transform the way we all produce and consume energy“. It will make seed, angel and Series A investments, with the expectation that once these investments are de-risked, traditional commercial capital will invest in the later stages.
Sectors of interest include:
a. Electricity generation and storage;
c. Industrial use;
d. Agriculture; and
e. Energy system efficiency.
So far, 28 investors from 10 countries have joined the Coalition.
Gates wrote a post on the initiative in his blog GatesNotes while Zuckerberg did it on Facebook: