Mukesh Ambani, Tata join Bill Gates for $1 billion clean energy fund
The Breakthrough Energy Coalition (BEC) with members like Reliance Industries Chairman Mukesh Ambani, Tata Sons Chairman Emeritus Ratan Tata, Alibaba’s Jack Ma and other billionaires will invest more than $1 billion in clean energy called the Breakthrough Energy Ventures (BEV). The fund has been created to fight climate change through innovation in clean energy over the next 20 years. The objective is to help deliver the next generation reliable, affordable, and emissions-free energy to the world.
Breakthrough Energy Coalition (BEC) is a group of 28 high net worth individuals and institutions committed to investing in new energy technologies to provide reliable, affordable power with zero emissions. The group is spearheaded by Bill Gates.