Ed Ballard of The Wall Street Journal writes on Rondo Energy.
- Heavy industry, which includes steel and cement manufacturing, accounts for roughly 23% of emissions in America.
- The sector is currently heavily reliant on fossil fuels for energy, but Rondo Energy is looking to change that.
- The Oakland-based startup is creating a way to convert renewable energy into high temperature energy that can be stored and used to power industrial processes.
- The innovation of the private sector is key to accelerating clean energy technologies.
“Rondo has picked up high-profile backers. It said Tuesday it raised $22 million from Breakthrough Energy Ventures, a climate-focused investment firm founded by Bill Gates, and Energy Impact Partners, another venture firm. Breakthrough Energy Ventures isn’t related to the Breakthrough Institute.”
Read the full article here.
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