Danish green tech industry could benefit from Bill Gates fund – The Post

Danish green tech industry could benefit from Bill Gates fund

Breakthrough Energy Ventures and Denmark’s expertise deemed a solid match

DK + BEV = A-OK? (photo: Pixabay)
January 6th, 2017 3:31 pm| by Christian W

A new international billion-dollar fund dedicated to funding research within green energy technology could benefit Danish companies in the future.

There’s a good chance that Breakthrough Energy Ventures (BEV) – which consists of 20 investors from around the world, including Microsoft founder Bill Gates – will look towards Danish greentech solutions, according to several Danish experts.

“Looking at what the fund wants to support, it’s a fantastic opportunity for Danish companies,” said Thea Larsen, the head of the public grant scheme for the energy arena, EUDP.

“It matches a lot of areas in which Denmark has a position of strength, such as bio-energy, wind energy, district heating and smart-energy solutions.”

Larsen went on to maintain that BEV is in a position to support projects that public schemes like EUDP can only take part of the way.

Troels Ranis, a director with the Danish confederation of industry Dansk Industri (DI), concurred and pointed to the significant fall in public and private investment in energy projects in Denmark since 2015.

“There is a need for more finances from the public and private sectors in terms of energy research,” said Ranis. “The new fund can hopefully help fill some of this vacuum.”

BEV's investment criteria is as follows:

Climate impact

We will invest in technologies that have the potential to reduce greenhouse gas emissions by at least half a gigaton

Other investments

We will invest in companies with real potential to attract capital from sources outside of BEV and the broader Breakthrough Energy Coalition

Scientific investments

We will invest in technologies with an existing scientific proof of concept that can be meaningfully advanced

Filling the gaps

We will invest in companies that need the unique attributes of BEV capital, including patience, judgment by scientific milestones, flexible investment capabilities, and a significant global network