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ZeroAvia Raises $150M to Advance Hydrogen-Electric Aviation with Over 2,000 Engine Orders
Sustainable aviation startup ZeroAvia announced a $150 million funding round, bringing its total raised to over $250 million, to advance hydrogen-electric airplane technologies and expand manufacturing. The company has over 2,000 engine orders and partnerships with firms like Alaska Airlines and Airbus while working on powertrains for aircraft up to 80 seats.
Bill Gates' Breakthrough Energy Ventures Raises $839 Million New Fund for Climate Innovation
Bill Gates' Breakthrough Energy Ventures is raising a new $839 million fund focused on climate innovations across electricity, transportation, manufacturing, buildings, and agriculture. Since its 2015 launch with industry leaders like Jeff Bezos and Mark Zuckerberg, the initiative has invested nearly $2 billion in over 100 companies.
Zap Energy Raises Nearly $130 Million to Develop Commercial Fusion Power, Total Funding Reaches $330 Million
Zap Energy, a fusion energy startup based in Everett, Washington, is raising nearly $130 million to advance its goal of developing commercially viable fusion power, bringing its total venture funding to approximately $330 million. The company is part of a growing fusion sector attracting billions in investment aiming to create clean, carbon-free energy.
American Airlines to Buy 100 Hydrogen Electric Engines from ZeroAvia for CRJ700 Jets
American Airlines plans to purchase 100 hydrogen electric engines from clean aviation startup ZeroAvia to power its regional Bombardier CRJ700 jets, supporting the development of zero-emission aircraft propulsion. ZeroAvia, founded in 2017, is advancing certification of its ZA600 and ZA2000 hydrogen fuel cell engines and has opened a large manufacturing facility in Washington.
ZeroAvia Opens 136,000 sq. ft. Manufacturing Facility in Everett, Washington to Sell Hydrogen-Electric Aviation Components
ZeroAvia opened a 136,000-square-foot manufacturing facility in Everett, Washington, to produce and sell hydrogen-electric airplane engine components. The company is pursuing certification for engines powering 20- to 90-seat aircraft and aims to lead in commercial aviation propulsion systems.
Mission Zero Technologies unveils modular DAC unit claiming 3–5× lower energy use and lower-cost plants
UK startup Mission Zero Technologies has developed a modular direct air capture device that uses a water-based solvent and electrodialysis to extract CO2, claiming 3–5× lower energy use and lower costs by using off‑the‑shelf components and compatibility with intermittent renewables.
Bill Gates-backed Graphyte Develops $100-per-Ton Plant-Based Bricks for 1,000-Year Underground Carbon Storage
Graphyte, backed by Bill Gates-led Breakthrough Energy Ventures, has developed affordable plant-based bricks that can store carbon underground for up to 1,000 years at under $100 per ton, meeting the Biden administration's climate funding goals. The technology uses waste biomass compressed into stable blocks for scalable, long-term carbon storage.
ZeroAvia Raises Largest Funding Round with Investment from Airbus, Amazon, Bill Gates, Alaska Airlines to Develop Hydrogen Aircraft Engines
ZeroAvia, a clean aviation startup developing hydrogen-electric aircraft propulsion, has raised its largest funding round co-led by Airbus and others to support engine certification. The company is partnering with Alaska Airlines to retrofit planes and aims to offer engines for 20-seat aircraft by 2025.
Zap Energy Secures $5M DOE Grant for Fusion Power Development with FuZE-Q Device Targeting 2030 Grid Integration
Zap Energy received a $5 million grant from the U.S. Department of Energy to support its development of fusion power using its fourth-generation Z-pinch device, FuZE-Q, aiming for commercial fusion energy by 2030. Despite challenges, the DOE funding serves as a significant national-level endorsement of Zap's work toward achieving fusion breakeven.
Type One Energy raises $29M seed round to commercialize stellarator fusion; names Christofer Mowry CEO
Type One Energy, a Madison-based fusion startup developing stellarator magnetic-confinement technology, closed a $29 million seed round to commercialize its approach and appointed Christofer Mowry as CEO. The round was co-led by Breakthrough Energy Ventures, TDK Ventures and Doral Energy Tech Ventures.
Seattle Teen Launches ClimateJets Tracking Private Jet Carbon Emissions of Ultra-Rich, Bill Gates Ranks 13th
Seattle teen Akash Shendure created ClimateJets, a website tracking carbon emissions from private jets flown by ultra-rich individuals, highlighting the environmental impact and disparity. Microsoft co-founder Bill Gates ranks 13th with over 3,000 tons of CO2 emissions from 393 flights, despite his climate philanthropy and investments in clean energy.
Pacific Northwest Startup Funding Drops 35% in 2022, TerraPower Leads Top Rounds with $750M Investment
Venture capital investment in Pacific Northwest startups dropped 35% in 2022, with funding decreasing over 50% in the year's second half amid economic cooling and rising interest rates. Despite this slowdown, some startups like Bellevue-based TerraPower secured significant funding, with its $750 million round leading the top 10 deals that accounted for 44% of total investment in the region.
Bill Gates’ Breakthrough Energy Hosts 2022 Climate Tech Summit in Seattle Showcasing $2B+ in Decarbonization Investments
The 2022 Breakthrough Energy Summit in Seattle, hosted by Bill Gates’ Breakthrough Energy, brought together 700 climate tech innovators and investors to showcase and support technologies like plant-based dairy proteins and carbon-negative cement. Breakthrough Energy has raised over $2 billion to invest in decarbonization startups and provided an additional $1 billion in grants, aiming to accelerate climate solutions amid global challenges like war and economic recession.
Bill Gates Opens Breakthrough Energy Summit in Seattle Highlighting Climate Tech Progress Since 2015
Bill Gates opened the inaugural Breakthrough Energy Summit in Seattle on Oct. 18, 2022, highlighting significant progress in climate tech since 2015 as private sector involvement has increased. The three-day event features top climate leaders discussing innovations and challenges in combating climate change.
Seattle's Zap Energy Raises $160M Led by Bill Gates and Creates Plasma in Fusion Prototype
Seattle startup Zap Energy announced a breakthrough in fusion power by creating plasma in its latest prototype and raising $160 million in funding led by Bill Gates' Breakthrough Energy Ventures. The company aims to achieve fusion breakeven by increasing current in its innovative Z-pinch device.
ZeroAvia opens R&D center at Everett’s Paine Field; $5.5M refit and $350K Washington grant support hydrogen-electric powertrain work
ZeroAvia is opening an R&D center at Everett’s Paine Field near Seattle to develop hydrogen-electric aircraft powertrains, with plans to begin customer rollouts in 2024 and potentially build a North American manufacturing hub there. The Paine Field site converts warehouse space into offices and labs, received a $350,000 Washington grant, and will employ 20–30 people initially while ZeroAvia pursues larger-scale manufacturing and powertrains for bigger aircraft.
Breakthrough Energy Ventures (Bill Gates) leads $65M funding for Stoke Space’s fully reusable-rocket program
Bill Gates’ Breakthrough Energy Ventures is leading a $65 million investment in Stoke Space to support development of fully reusable rockets aimed at cutting launch costs and enabling faster, lower-cost access to satellites for climate-monitoring applications.
Amazon’s $2B Climate Pledge Fund Invests in Hippo Harvest and Amogy to Cut Grocery and Shipping Emissions
Amazon’s $2 billion Climate Pledge Fund has invested in two climate tech startups — Hippo Harvest, which develops closed-loop greenhouse systems using robotics and ML to cut water use and emissions, and Amogy, which converts ammonia into power for heavy transport — part of Amazon’s push to reach net zero by 2040. The moves aim to reduce emissions across Amazon’s grocery stores and shipping operations amid rising company emissions.
BattGenie selected for Shell GameChanger Accelerator Powered by NREL, awarded $250,000 non-dilutive funding
BattGenie, a University of Washington spinoff, won $250,000 in non-dilutive funding and access to R&D resources after being selected for the Shell GameChanger Accelerator Powered by NREL; the company develops software to improve fast charging and extend life of lithium batteries for EVs, consumer electronics and battery manufacturers.
Helion Raises $500M — Potential $1.7B More — to Build Polaris Fusion Generator, Aiming for 2024 Demonstration in Everett, Wash.
Helion Energy raised $500 million (with up to $1.7 billion more contingent on milestones) to build its Polaris fusion generator and finish a demonstration facility in Everett, Wash., aiming to operate in 2024 and move toward commercializing fusion power.
Investors Pour Billions into Climate Tech as E8 Expands and Sector Raises $14.2B by Midyear
A wide range of investors — from tech employees to former VCs and concerned parents — are increasingly funding climate-tech startups, driving a sharp rise in capital flows after years of stagnation. By midyear, climate tech companies raised $14.2 billion globally, supported by growing networks like Seattle’s E8 and large climate-focused funds from private equity and venture firms.
Melinda French Gates positions Pivotal Ventures to expand women- and family-focused VC and philanthropy after divorce
Melinda French Gates founded Pivotal Ventures in January 2015 as a vehicle to pursue initiatives outside the Bill & Melinda Gates Foundation, and following her divorce from Bill Gates she is poised to expand Pivotal’s influence on empowering women and families. Observers say her resources and focus could shift venture capital dynamics for female founders and have “transformational potential.”
Bill Gates’ Breakthrough Energy Ventures invests $24.3M in ZeroAvia, lifting private funding past $53M
Bill Gates’ Breakthrough Energy Ventures led a follow-up $24.3 million investment in ZeroAvia’s hybrid hydrogen-electric aircraft powertrains, joining prior investors and bringing the company’s total private funding to more than $53 million and nearly $74 million including grants. ZeroAvia plans a 19-seat hydrogen-electric demonstration by 2023, commercialization of a 600 kW powertrain in 2024, and a 2 MW program targeting 50+ seat aircraft by 2026.
Breakthrough Energy Ventures, Amazon and others invest $80M in Turntide to commercialize switched-reluctance Smart Motor System
Turntide Technologies raised $80 million in a funding round led by Bill Gates’s Breakthrough Energy Ventures, bringing its total funding to $180 million to scale its Smart Motor System based on switched reluctance motor technology. Investors include the Amazon Climate Pledge Fund, Robert Downey Jr.’s Footprint Coalition Ventures and several venture firms, backing the company’s effort to improve motor efficiency and reduce carbon emissions.
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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