Sustainable investments-focused energy investment firm, Breakthrough Energy Ventures, has raised over $839 million for its third flagship fund, BEV III. The fund is set to be the largest climate fund raised in 2024 so far, according to a submitted by the firm. The firm confirmed that it is working on a new fund, with a focus on five key investment areas in climate innovation: electricity, transportation, manufacturing, buildings, and food and agriculture. The timing and size of the fund, which is yet to be disclosed, have not yet been disclosed. Breakthrough aims to finance, launch and scale companies that can reduce greenhouse gas emissions throughout the global economy. Alongside Gates, the firm is also backed by Jeff Bezos, Michael Bloomberg, Richard Branson and Mukesh Ambani.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







