Autos

Tesla, GM bet big on lithium-ion, but Gates, Bezos fund flow battery

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ESS, which makes long-duration, iron flow batteries, secured $30 million in a Series C investment round from Breakthrough Energy Ventures (BEV), the group of private investors led by Bill Gates and fellow billionaires Jeff Bezos, Michael Bloomberg, Richard Branson and Jack Ma, among others.

ESS

A UN report on climate change released Nov. 26 amounted to a dire warning for Earth: Unless greenhouse gas emissions are drastically reduced, and soon, the planet faces dangerously and irreversibly high temperatures in the near future. The report also criticized the 195 nations that signed the 2015 Paris Agreement for not doing nearly enough to reduce emissions. Two days earlier the World…



Source cnbc.com

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