The world needs radical new energy technologies to fight climate change. In 2016, Quartz reported that a group of billionaires—including Bill Gates, Jeff Bezos, Jack Ma, Mukesh Ambani, and Richard Branson—launched Breakthrough Energy Ventures (BEV) to invest at least $1 billion in creating those technologies.
Among the two startups being funded, MIT professor Yet-Ming Chiang is a co-founder of Form Energy, through which he is helping develop a new energy storage device called a "sulfur-flow battery," which could enable the company to create cheap batteries capable of storing large amounts of energy for long durations.
