Titans of new industry spring $1 billion clean energy fund
WASHINGTON — Some big names with big money have jumped into the alternative energy race.
The Breakthrough Energy Coalition, which counts among its members Bill Gates, Mark Zuckerberg, George Soros, Saudi Arabia’s Prince Alwaleed bin Talal, Alibaba’s Jack Ma and Richard Branson, announced a $1 billion investment fund to support new energy ventures.
The new group is holding a news conference Monday to outline its goals.
The coalition wants to magnify the speed and scale at which promising energy breakthroughs are introduced to the $6 trillion energy market.