Terabase is a rising solar farm company that gained significant support from one of the tops known clean energy fund investing companies from Bill Gates, Breakthrough Energy Venture. The significant focus of this new company is creating solar farms using robots, and it brings the world a new way to create and manage spaces for clean energy.
Terabase Gets Backing from Bill Gates' Breakthrough Energy
(Photo : Terabase Energy)
Terabase said that it received a total of $44 million in Series B financing from two venture capitals, including Bill Gates's Breakthrough Energy Ventures and Prelude Ventures, for its solar projects. The company's funds are now $52 million in total, and it aims to use the funds to continue its goals for its ventures in the world.
The venture capital, Breakthrough Energy, from names including Gates, Jack Ma, Jeff Bezos, and more, said that improvement for solar panels to improve is massive, saying this innovation is a massive plus.
Terabase gives the world a chance to own cheaper solar panels that will provide an alternative energy source for all needs, focusing on collaborations with different companies.
Robot-Built Solar Farm: Why is It Important?
The robot-built solar farm from Terabase focuses on bringing the world a more affordable solar energy source that borders on interconnectedness and an automated platform for its creation. It employs its robots to bring the product for all needs, promising to increase the scalability of the utility-scale solar that its company developed.
Clean Energy Investment from Bill Gates
Bill Gates's name attached to a certain clean energy investment means that it received significant recognition from the former Microsoft CEO on the project's importance and impact on the environment.
Of course, it is not easy to get backing from Gates' investment firms, and the project has to be feasible and helpful to the environment.
One example of a Gates' backed project is with TerraPower, a company that pushes to create a nuclear reactor to harness its energy and provide a new technology for the country to use. It recently chose Wyoming as its location for the plant, for the new form of energy, with Gates's venture capital being one of its benefactors.
The tech CEO's focus is for the world to continue living on Earth and improve the planet for the future and its next generations.
Now, there is a new benefactor that Gates' investment firm for clean energy is focusing on, and it will give the world purpose-built solar farms that will have a cheaper production cost for their establishment. It focuses on many solar energy startups that aim to debut clean energy for all, focusing on the world's needs for alternative sources.
Related Article: Blue Frontier Receives $20M Funding from Bill Gates-To Bring Clean Energy Air Conditioners?
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Written by Isaiah Richard
