PRNewswire reports: Bill Gates-led private sector effort to collaborate with public sector's Mission Innovation initiative
PARIS, Nov. 29, 2015 /PRNewswire/ -- The Breakthrough Energy Coalition, which launched today in Paris,
is a global group of private investors that will take the risks that
allow early-stage energy companies to get innovation out of the lab and
into the marketplace. The group will invest in companies that have the
best chance to make reliable zero-carbon energy available to everyone at
an affordable price. The Breakthrough Energy Coalition is made up of
more than 25 investors from 10 countries. It is launching in conjunction
with Mission Innovation,
an international effort of more than 15 governments to double their
commitments to early-stage energy research and development in order to
discover and invent the technologies that these investors can develop
into scalable, marketable solutions for our future global energy mix. To
learn more, visit www.breakthroughenergycoalition.com.
From the http://www.mission-innovation.net/ website:
Mission Innovation aims to reinvigorate and accelerate global clean energy innovation with the objective to make clean energy widely affordable.
Accelerating widespread clean energy innovation is:
* An indispensable part of an effective, long term global response to our shared climate challenge;
* Necessary to provide affordable and reliable energy for everyone and to promote economic growth; and
* Critical for energy security.
While important progress has been made in cost reduction and deployment of clean energy technologies, the pace of innovation and the scale of transformation and dissemination remains significantly short of what is needed.
Mission Innovation will help accelerate the global clean energy revolution....
From the Breakthrough Energy Coalition site: Who we are
Here is the Joint Launch Statement in its entirety:
November 30, 2015, in Paris, France, issued on behalf of the
Governments of Australia, Brazil, Canada, Chile, China, Denmark, France,
Germany, India, Indonesia, Italy, Japan, Mexico, Norway, Republic of
Korea, Saudi Arabia, Sweden, the United Kingdom of Great Britain and
Northern Ireland, the United Arab Emirates, and the United States of
Accelerating widespread clean energy innovation is an indispensable
part of an effective, long-term global response to our shared climate
challenge; necessary to provide affordable and reliable energy for
everyone and to promote economic growth; and critical for energy
security. While important progress has been made in cost reduction and
deployment of clean energy technologies, the pace of innovation and the
scale of transformation and dissemination remains significantly short of
what is needed.
For these reasons, participating countries have come together to launch Mission Innovation
to reinvigorate and accelerate public and private global clean energy
innovation with the objective to make clean energy widely affordable.
Additional countries will be encouraged to join in the future.
Double Governmental Investment in Clean Energy Innovation.
Each participating country will seek to double its governmental and/or
state-directed clean energy research and development investment over
five years. New investments would be focused on transformational clean
energy technology innovations that can be scalable to varying economic
and energy market conditions that exist in participating countries and
in the broader world. Research and development projects would be
designed and managed to attract private investors willing to advance
commercialization. While each participating country’s clean energy
innovation portfolio is unique and reflects national priorities, all
participating countries share the common goal to accelerate the pace of
the clean energy revolution now underway in an appropriate way. This
endeavor should help facilitate affordable access to critical
Private Sector and Business Leadership. Business
needs to play a vital role in the commercialization and
cost-effectiveness of clean energy breakthroughs, and participating
countries commit to work closely with the private sector as it increases
its investment in the earlier-stage clean energy companies that emerge
from government research and development programs. Participating
countries especially commend the contribution being made by a group of
investors through the Breakthrough Energy Coalition. These
investors from 10 countries and representing leadership from many key
economic sectors are prepared to drive innovation from the laboratory to
the market through the investment of patient capital at unprecedented
levels into early-stage technology development into participating
countries. This commitment, as stated in the Coalition’s principles,
will be focused on investment opportunities sourced from the countries
participating in Mission Innovation. Participating countries
also look forward to working with additional private sector partners who
are willing to share our common goal of increasing investment for clean
Implementation. Participating countries will implement Mission Innovation
in a transparent, effective, and efficient manner. Strong linkages
with our investor partners and other key stakeholders are essential.
Working with existing international institutions, participating
countries will cooperate and collaborate to help governments, private
investors, and technology innovators to make available data, technology
expertise, and analysis in order to promote commercialization and
dissemination of clean energy technologies so they reach global market
penetration. Participating countries will build and improve technology
innovation roadmaps and other tools to help in our innovation efforts,
to understand where research and development is already happening, and
to identify gaps and opportunities for new kinds of innovation.
Participating countries may also pursue joint research efforts through
public-private partnerships as well as joint research among
participating countries. We will also seek to enhance global clean
energy innovation capacity, including through ongoing bilateral
engagement with participating countries. The first implementation
meeting for Mission Innovation will be held in early 2016.
Information Sharing. Each participating country
commits to provide, on an annual basis, transparent, easily-accessible
information on its respective clean energy research and development
efforts to promote transparency, engage stakeholders broadly, spur
identification of collaborative opportunities, and provide the private
sector more actionable information to improve its ability to make
Note: Einstein well said: "No problem can be solved from the same level of consciousness that created it." I'm still not entirely clear what these smart and very rich ladies and gentlemen understand by "breakthrough" or "transformational" clean
energy technologies!? We need a quantum-leap clean energy Revolution (not just evolution) to survive, and we should be supporting researchers and inventors (all people actually) to go beyond what they think to be possible (such as this site does for many years). Well, if non-conventional energy research and technologies (that the present scientific community and media would otherwise consider an unacceptable departure from the conventional thinking) is on their radar, I urge them to take a look at my 2008 proposal for the Extreme Science Foundation (XSF and XS-NRG prize) concept and see if they can draw some valuable ideas from that honest attempt to do the right thing before it is too late. Please start with last year's summary posts: "Why support ZPEnergy and Xtreme Science Foundation? (Part One, Two and Three - use search for "XSF" for other relevant posts and comments on the subject). May The Force be with you Breakthrough Energy Coalition! - Vlad