IT titans invest in renewable energy revolution

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

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

On Sunday evening, Facebook CEO Mark Zuckerberg published a post in his Facebook account in which he announced that he and his wife, Priscilla, were joining Bill Gates in launching a new initiative. He also wrote that the solution of problems with sources that generate energy without pollution of the environment, 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 current system does not favor the development of innovations that will accelerate the transition of mankind to clean energy.
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The coalition will search for young companies that can make a significant contribution to the energy of the future, which practically does not pollute the atmosphere with carbon-containing emissions and can supply humanity with financially affordable and reliable energy.

On the Coalition website and in the media, information has not yet appeared on how many of its members intend to invest in projects, but judging by what IT-titans are in the Coalition, the investment will amount to millions of dollars.

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