The Breakthrough Energy Ventures Fund, headed by Bill Gates, will sustain clean energy

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The Breakthrough Energy Ventures Fund includes John Doerr, chairman of venture firm Kleiner Perkins Caufield & Byers, Alibaba founder Jack Ma, Khosla Ventures founder Vinod Khosla, Laura and John Arnold Foundation co-chair and former energy hedge fund manager John Arnold, Amazon founder and CEO Jeff Bezos, and SAP co-founder Hasso Plattner. “Our goal is to build companies that will help deliver the next generation of reliable, affordable, and emissions-free energy to the world,” Bill Gates said. The new fund, which will have a 20-year lifespan, is designed to be both broad and scientific.

The fund will consider investments across a broad number of energy sectors, including electricity generation and storage, transportation, industrial system use, agriculture, and energy system efficiency. The investors in Breakthrough Energy Ventures have a high tolerance for risk and are willing to wait longer than typical venture funds for a return on their investment

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