Gates Foundation Raises Over $1 Billion For Clean Energy

Bill Gates’ non-profit group Breakthrough Energy announced that it has raised more than $1 billion from seven major companies, including ArcelorMittal and General Motors, to fund clean energy development.<br />A spokesman for the organisation told AFP that the amount raised so far tops $1 billion and has been given in the form of grants, shares, and commitments to acquire the technologies developed, <br />The idea is to support the development of new energy solutions to combat climate change by bringing together the public and private sectors and funding the steps to commercialization.