Africa Business Radio

Bill Gates’ non-profit group Breakthrough Energy announced that it has raised more than $1 billion from seven major companies, including ArcelorMittal and General Motors, to fund clean energy development.A spokesman for the organisation told AFP that the amount raised so far tops $1 billion and has been given in the form of grants, shares, and commitments to acquire the technologies developed, The idea is to support the development of new energy solutions to combat climate change by bringing together the public and private sectors and funding the steps to commercialization.