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Category: Breakthrough Energy Ventures

Bill Gates-backed Arnergy to expand solar access in Nigeria with $18M as demand surges

Demand for solar energy in power-starved Nigeria has soared in the last decade thanks to worsening grid reliability and rising fuel costs. That’s drawn investor interest to Arnergy, a cleantech startup meeting that need. The company just raised a $15 million Series B extension (on top of a $3 million B1 round last year), bringing…

Bill Gates-backed Commonwealth Fusion Systems hits key reactor construction milestone

Commonwealth Fusion Systems marked a major milestone Tuesday morning, announcing the installation of a key component of its Sparc demonstration reactor. The new part is a 24-foot wide, 75-ton stainless steel circle that forms the foundation of the tokamak, the doughnut-shaped heart of a fusion reactor that CFS hopes will be the first of its…

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