Tuesday
February 1
2022

HSBC Invests in Climate Tech Venture Founded by Bill Gates

By Margaryta Kirakosian

HSBC is to invest $100m (€89.4m) in Breakthrough Energy Catalyst, a network founded by Bill Gates to develop clean technologies to reach net-zero emissions by 2050.

The programme is focusing on private-public partnerships to provide investments in the following four areas: direct air capture, clean hydrogen, long-duration energy storage, and sustainable aviation fuel.

In October 2021 UK prime minister Boris Johnson and Gates announced a new partnership to drive investment into clean energy technologies, which will be carried out through Catalyst.

 

Source: Citywire Selector (link opens in a new window)

Categories
Energy
Tags
clean energy, environment, investment, partnerships, sustainability, tech