IT titans invest in renewable energy revolution

According to Business Insider, Bill Gates, Mark Zuckerberg, Jeff Bezos and other influential people in the IT world have launched a new project. Their joint organization was created in order to attract investment in the development and implementation of renewable energy sources.

This organization was called Breakthrough Energy Coalition (which could be translated into Russian as the “Coalition for Revolutionary Achievements in the Energy Sector”). The main goal of the Coalition is to create a "private capital network to build a structure that will make informed decisions in order to help accelerate the arrival of the future with advanced energy, which our planet so needs."

Sunday evening Facebook CEO Mark Zuckerbergposted a post on his Facebook account informing him that he and his wife Priscilla were joining Bill Gates to launch a new initiative. He also wrote that solving problems with sources that produce energy without environmental pollution is one of the important conditions for building a better world. He rightly noted that progress in the field of clean energy sources is too slow, and the existing system is not conducive to the development of innovations that will accelerate the transition of humanity to clean energy.

The coalition will search for young companies that can make a significant contribution to the energy industry of the future, which practically does not pollute the atmosphere with carbon-containing emissions and can provide humanity with financially affordable and reliable energy.

The Coalition’s website and the media haven’t yet received information about exactly how much its participants intend to invest in projects, but judging by what IT titans are included in the Coalition, investments will amount to millions of dollars.

Coalition members include personalities such as: Mark Benioff, CEO of Salesforce, founder and CEO of Amazon, Jeff Bezos, founder of Virgin Richard Branson, general partner of venture capital firm Kleiner Perkins Caufield & Byers John Dower, founder of LinkedIn founder Hoffman Reed, executive Alibaba director Jack Ma, Neil Shen (one of nine partners managing Sequoia Capital), George Soros, Mark Zuckerberg and others.