Bill Gates throws support behind new European cleantech scale-up coalition

With the goal of helping Europe become climate-neutral, energy-autonomous, and industrially competitive, eight European cleantech companies have joined hands to form a new cleantech scale-up coalition.

Supported by Breakthrough Energy founder, and guy who did some other company back in the day, Bill Gates, alongside the European Commissioner for Energy Kadri Simson, the mighty eight are aiming to turn up the heat (or down in the case of the environment) on putting Europe in the driver's seat when it comes to climate and industrial leadership.

“Europe is facing an energy crisis and the threat of climate change. The solution must be a clean energy transition. We need to scale up innovative technologies rapidly, and this new coalition of cleantech frontrunners will help us to get there.” - European Commissioner for Energy Kadri Simson.

The coalition comprises companies scaling and industrialising technologies with products and services ranging from decarbonising industry and energy with renewable hydrogen to producing scalable low-carbon cement, electrifying transport, and last but certainly not least, recycling materials and batteries.

The eight:

• 🇸🇪 H2 Green Steel (near zero-carbon steelmaking),
• 🇩🇪 Sunfire (renewable hydrogen),
• 🇸🇪 Volta Trucks (full-electric trucks),
• 🏴󠁧󠁢󠁥󠁮󠁧󠁿 Plastic Energy (chemical recycling),
• 🇩🇪 Enapter (renewable hydrogen),
• 🇮🇪 Ecocem (scalable low-clinker cement),
• 🇩🇪 Electrochaea (renewable power-to-gas),
• 🇳🇴 Hydrovolt (battery recycling)

Although Europe has developed most of the technologies it needs to achieve the coveted net-zero status, in a tale as old as time, European companies still struggle with scaling and industrialising them. Et Voilà, the raison d’être behind the coalition. The sum of their parts … you know how it goes from here.

“This new coalition of sustainable frontrunners embodies the spirit of European entrepreneurship. If we create the conditions for their success, the EU stands to become the climate and industrial leader of the next decades,” concluded Ann Mettler, Vice-President of Breakthrough Energy Europe.