The European Commission and philanthropist Bill Gates have launched a €100-million fund to help clean energy companies bring their innovations to market.
The programme, called Breakthrough Energy Europe, will be financed by Gates’s Breakthrough Energy fund and the Horizon 2020 InnovFin equity instrument. The money is meant to help European companies and startups perform promising clean energy R&D more easily and launch their products, the Commission said on 17 October.
Breakthrough Energy Europe will focus on energy efficiency in the areas of electricity, transport, agriculture, manufacturing and buildings. The Commission said the fund was a pilot project that could serve as a model for similar initiatives in other areas.
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