Gates-led Breakthrough Energy Ventures raises second $1B fund to back 40–50 hard-to-abate climate tech startups

Breakthrough Energy Ventures, led by Bill Gates, has raised a second $1 billion fund to invest in 40–50 startups developing hard-to-abate climate technologies like low-emission steel and cement, carbon capture, and long-haul transportation, using a 20-year "patient capital" approach focused on large CO₂ reductions.

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