Bill Gates' Breakthrough Energy Supports Terabase's Robot-Built Solar Farm Initiative

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A Climate-Focused VC Firm Joins the Bet on Solar Startup Terabase Energy

Breakthrough Energy Ventures, a venture capital firm linked to some of Earth’s wealthiest individuals, has joined a $44 million bet on solar startup Terabase Energy. The investment comes as rich folks face increasing scrutiny for their outsized climate pollution.

Aiming High: Terabase Energy’s Ambitious Plans

Terabase aims to rapidly build new solar farms "at the terawatt scale," according to CEO Matt Campbell in a statement. For context, one terawatt is equal to 1 million megawatts. The startup claims its automated, on-site factory can already speed up plant construction and cut costs by employing robotic arms that lift and connect heavy solar panels to sun trackers.

When asked for photos of the insides of its factory, Campbell pointed TechCrunch to previously published aerial pics and declined to share more, "for competitive reasons."

Terabase’s Innovative Approach

Terabase also makes software tools to manage the design and construction of solar farms. The startup recently wrapped up its first commercial project, where its robots reportedly installed 10 megawatts worth of panels.

Breakthrough Energy Ventures’ Investment Strategy

Breakthrough Energy Ventures was founded by Bill Gates, and its board members include Jeff Bezos and Masayoshi Son. The VC firm co-led the Terabase deal alongside Lime and Amp Robotics investor Prelude Ventures.

Climate Pollution Scrutiny

The investment comes as rich folks face increasing scrutiny for their outsized climate pollution. Gates’ private jet might not be as active as Taylor Swift’s, yet the Microsoft co-founder reportedly owns several and has called private flying his "guilty pleasure."

Other Recent Deals in Solar Energy Startups

Other recent deals for solar energy startups include panel installer Zolar ($105 million) and solar network developer Okra ($2.1 million). These investments demonstrate the growing interest in renewable energy and the potential for innovation in the sector.

The Importance of Investing in Renewable Energy

The need for investing in renewable energy has never been more pressing. As the world grapples with climate change, it’s essential to prioritize sustainable solutions that can help reduce our carbon footprint. Breakthrough Energy Ventures’ investment in Terabase Energy is a step in the right direction.

Conclusion

Breakthrough Energy Ventures’ $44 million bet on solar startup Terabase Energy is a significant development in the world of renewable energy. As investors continue to pour money into startups focused on sustainable solutions, it’s essential to recognize the potential for innovation and growth in this sector.

What’s Next for Terabase Energy?

With Breakthrough Energy Ventures’ investment, Terabase Energy will likely continue to push the boundaries of solar farm construction. The startup’s innovative approach and ambitious plans make it an exciting player in the renewable energy space.