Bill Gates is Investing Big in This Green Hydrogen Startup Company

By Elijah Labby Thursday, March 18, 2021

Bill Gates, Microsoft founder and environmental investor, is big on sustainable business, and his venture capital firm’s latest startup company choice is no different. H2Pro is a green hydrogen energy company that just raised $22 million in a round of funding led by Gates' Breakthrough Energy Ventures.

Wind turbines, solar panels, and hydrogen storage compartments.

What the Renewable Energy Startup Company Does

H2Pro uses a unique water-splitting device to separate water molecules into hydrogen and oxygen. The hydrogen is then able to be used in fuel cells. It’s a cleaner, more sustainable approach than fossil fuel, and investors are eating it up.

“H2Pro’s approach to hydrogen production is unique in that it is both electrically and chemically driven, which presents huge opportunities for this important market,” said Carmichael Roberts, founder and managing partner at Breakthrough Energy Ventures. “We look forward to working with them and… support[ing] the company’s mission of commercializing low-cost green hydrogen.”

Clean Hydrogen Extraction Is the Future

Right now, hydrogen is largely produced by breaking down fossil fuels. Unfortunately, breaking down fossil fuels in this way can cause the release of carbon into the atmosphere and contribute to climate change. We’re seeing the effects of it, and governments everywhere are looking to slow pollution in the air and on the ground.

In other words, it’s showtime for green energy business and a startup company like H2Pro.

“Hydrogen is an important part of any plan to reach climate neutrality. It’s already used
extensively and is set to play an even larger role in the future as it can replace fossil fuels in many applications, but unlike fossil fuels, it produces no CO2,” said H2Pro CEO Talmon Marco.

The Value and Opportunity in Renewable Energy

As it turns out, Marco’s company is part of a recent surge in investment in green energy business.

Robert Downey Jr., known for his roles in movies like Tropic Thunder and the Iron Man franchise, is also using his own venture capital firm, Footprint Coalition Ventures, to invest in green energy startup businesses.

Further, the global renewable energy business is (ironically) red hot right now, fueled by investments in green energy startup businesses from venture capital firms like Downey Jr.'s and Gates’s. According to Allied Market Research, the business of green energy was worth $928.0 billion in 2017 and is expected to grow at a compounded annual rate of over 6%, reaching a worth of over $1.5 trillion by 2025.

So there’s a big market for a renewable energy startup company that’s able to fix the problem of carbon pollution. It’s not entirely clear how we’re going to solve the problem, but H2Pro is on the right track. With Bill Gates on board, they won’t have any trouble attracting more help.

About the Author

Headshot of Elijah Labby

Elijah Labby is a graduate of the National Journalism Center. He has previously written for Broadband Breakfast, a technology and internet policy website.

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