BREAKTHROUGH ENERGY MAKES BIG ENERGY STORAGE INVESTMENT
Breakthrough Energy Ventures, a $1 billion-plus fund launched by Bill Gates, Jeff Bezos, Richard Branson and others, is backing its first companies: A pair of energy storage startups. Quidnet Energy is developing a pumped hydro storage technology that does not rely on rivers or dams but rather underground shale rock formations and a batter. Form Energy is a company working on making a battery that could be far less expensive storage than traditional lithium-ion batteries.
READ: BEYOND LITHIUM - QUARTZ
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