6.9 C
London
Thursday, September 29, 2022

Bill Gates’ Breakthrough Energy supports Terabase’s robot-built solar farms – londonbusinessblog.com

Must read

Six people were shot at a California school, official says

Six people were injured in a shooting at an Oakland school on Wednesday, authorities said.The victims, all adults, were treated in local hospitals, Mayor...

Astra will no longer launch NASA’s TROPICS satellites • londonbusinessblog.com

Rocket launch company Astra will no longer send the remaining NASA TROPICS payloads to space, but will instead launch other "similar" science missions for...

Ecommerce Aggregator Una Brands Gets $30 Million to Acquire More APAC Brands • londonbusinessblog.com

Una brands, an e-commerce aggregator targeting brands in the Asia-Pacific region, today announced the first close of its Series B round at $30 million....

The Antler Investor Memo: Codis Lowers Software Development Costs With Automation

Early stage investment firm Antler Australia recently supported 13 startups as part of its ongoing program to build great local tech companies. For...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Breakthrough Energy Ventures, a climate-focused venture capital firm linked to some of Earth’s richest individuals, has joined a $44 million bet on solar startup Terabase Energy.

Terabase aims to rapidly build new solar farms “on the terawatt scale,” CEO Matt Campbell said in a pronunciation. The startup claims its automated, on-site factory can already speed up factory construction and cut costs by employing robotic arms lifting heavy solar panels and connecting to sun followers. When asked for photos of the factory’s interior, Campbell pointed londonbusinessblog.com to previously published aerial photos and refused to share more, “for competitive reasons.”

Terabase also makes software tools to manage the design and construction of solar farms. The startup recently wrapped its first commercial projectwhere are robots Reportedly installed 10 megawatts of panels. There is a million megawatts in a terawatt, so the startup still has a long way to go to realize its ambitions.

Breakthrough Energy Ventures was founded by Bill Gates and its board members include Jeff Bezos and Masayoshi Son. The VC firm led the Terabase deal along with Lime and Amp Robotics investor Prelude Ventures.

Their investment comes when rich people are scrutinized for their outsized climate pollution. Gates’ private jet maybe not be as active as Taylor Swift’sbut the co-founder of Microsoft Reportedly owns several and has been privately flying”embarrassing pleasure.”

Other recent deals for solar startups include panel installer Zolar ($105 million) and solar grid developer Okra ($2.1 million).

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Six people were shot at a California school, official says

Six people were injured in a shooting at an Oakland school on Wednesday, authorities said.The victims, all adults, were treated in local hospitals, Mayor...

Astra will no longer launch NASA’s TROPICS satellites • londonbusinessblog.com

Rocket launch company Astra will no longer send the remaining NASA TROPICS payloads to space, but will instead launch other "similar" science missions for...

Ecommerce Aggregator Una Brands Gets $30 Million to Acquire More APAC Brands • londonbusinessblog.com

Una brands, an e-commerce aggregator targeting brands in the Asia-Pacific region, today announced the first close of its Series B round at $30 million....

The Antler Investor Memo: Codis Lowers Software Development Costs With Automation

Early stage investment firm Antler Australia recently supported 13 startups as part of its ongoing program to build great local tech companies. For...

Amazon will air Friday’s Yankees game on cable, alongside Prime Video

This Friday's Yankees game against the Orioles will no longer be available exclusively on Amazon Prime Video, like 20 games before it: The game...