Bill Gates Ventures into Clean Energy and Robotics for Sustainable Future
Denver-based startup Koloma, backed by Bill Gates's Breakthrough Energy Ventures, has raised $91 million to drill for geologic hydrogen, a carbon-free and highly energy-dense fuel found in vast deposits along tectonic plates. Geologic hydrogen has the potential to revolutionize the clean energy sector and tap into a $1 trillion market. Koloma is currently testing rock and gas samples from its first wells in the Midwest to determine the best sites for hydrogen extraction. The company believes that geologic hydrogen, which can be produced domestically, will be a cheaper and less energy-intensive alternative to green or blue hydrogen.