The team at Fervo Energy, an enhanced geothermal startup that has secured funding from Breakthrough Energy Ventures. Courtesy Fervo Energy. Sustainable Energy The $1 billion Breakthrough Energy Ventures fund is also pouring money into geothermal, grid storage, biofuels and more. by James Temple September 26, 2018 Bill Gates’s $1 billion clean energy fund just opened up its check-book for the first time. Breakthrough Energy Ventures will announce today it’s investing in a host of startups developing technology that can confront the growing dangers of climate change. Recommended for You A nuclear startup will fold after failing to deliver reactors that run on spent fuel Quantum research in the US was just handed a $250 million boost The US has picked the DNA centers that will sequence 1 million genomes Tencent’s AI programs defeat Starcraft’s own AI Why the US can’t afford to let politics derail its planned quantum strategy Among the first selected was a Berkeley, California startup that is applying fracking techniques to the geothermal industry, in the hope of converting far more of the planet’s latent heat into a source of clean energy. If Fervo Energy’s technologies work as intended, it could enable existing geothermal sites to boost electricity production, or allow… Read full this story
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