ArcelorMittal: $100M over 5 years in green technologies

(CercleFinance.com) - ArcelorMittal today announces it has become an anchor partner in Breakthrough Energy's Catalyst program, committing to an equity investment of $100 million over the next five years.


Founded by Bill Gates, Breakthrough Energy is committed to scaling the technologies the world needs to reach net-zero emissions by 2050. Breakthrough Energy's efforts include investment vehicles, philanthropic programs, policy advocacy, and other initiatives, including Catalyst.

Catalyst, launched earlier this year, is a new model for how companies, governments, and private philanthropy can finance, produce, and ensure widespread adoption of next-generation clean technologies. The program will initially focus on four decarbonisation technologies: direct air capture (DAC); green hydrogen; long-duration energy storage (LDS); and sustainable aviation fuel (SAF).

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