Co-launched Mission Innovation — doubling global public clean energy R&D investment at COP21
Alongside President Obama and 19 other world leaders, Gates co-launched Mission Innovation at the COP21 Paris climate summit — a commitment by 22 governments to double their public clean energy research and development investments over five years, adding approximately $20 billion annually in new public clean energy R&D including solar. Gates simultaneously announced Breakthrough Energy Ventures to ensure that the innovation produced by this public investment had private capital waiting to commercialize it. He described the pairing of public R&D doubling with private innovation capital as the missing link in global clean energy strategy.
Source: https://www.breakthroughenergy.org/our-story/our-history
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Gates and Obama met on sidelines of COP21 Paris climate conference
Related Accomplishments
March 2025
Breakthrough Energy Ventures Invests in Savor — Butter Made Directly from Carbon
Breakthrough Energy Ventures backed Savor, a startup that produces butter using carbon dioxide and hydrogen — derived from atmospheric carbon and water — without any conventional agriculture, animals, or farmland. Savor's thermochemical process generates saturated fat with an identical molecular profile to dairy butter while using an estimated 99.9 percent less water and zero agricultural land. The product launched at Michelin-starred restaurants in 2025, with supermarket availability targeted for 2027, as part of Gates's broader bet on food-system decarbonisation.
2024
Breakthrough Energy Catalyst Invests $40 Million in Deep Sky Carbon Removal
Breakthrough Energy Catalyst — Gates's industrial decarbonisation investment vehicle — committed $40 million to Deep Sky, a Quebec-based company developing commercial direct air capture facilities across Canada. The investment marked Catalyst's first in the DAC sector. Deep Sky's Alpha facility in Alberta is designed as a testing ground for multiple next-generation carbon removal technologies, with the goal of proving the cost trajectory needed to make DAC viable at planetary scale.
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