Backed Antora Energy — carbon thermal blocks heated by renewable electricity for industrial heat

Breakthrough Energy Ventures invested in Antora Energy, a company that stores electricity from solar and wind in ultra-hot carbon blocks — heated to over 1,800°C — and delivers that heat and light directly to industrial manufacturing processes. Antora's solid-state thermal storage requires no exotic materials, using abundant carbon in a system that can be scaled to gigawatt-hour capacities. The technology is specifically designed to decarbonize the hardest industrial processes — steel, chemicals, and cement — where direct electrification is impractical and renewable heat storage is the only viable path to zero emissions.
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Backed Rondo Energy — industrial heat battery storing renewable electricity as high-temperature heat
Related Accomplishments
March 2025
Breakthrough Energy Ventures Invests in Savor — Butter Made Directly from Carbon
Breakthrough Energy Ventures backed Savor, a startup that produces butter using carbon dioxide and hydrogen — derived from atmospheric carbon and water — without any conventional agriculture, animals, or farmland. Savor's thermochemical process generates saturated fat with an identical molecular profile to dairy butter while using an estimated 99.9 percent less water and zero agricultural land. The product launched at Michelin-starred restaurants in 2025, with supermarket availability targeted for 2027, as part of Gates's broader bet on food-system decarbonisation.
2024
Breakthrough Energy Catalyst Invests $40 Million in Deep Sky Carbon Removal
Breakthrough Energy Catalyst — Gates's industrial decarbonisation investment vehicle — committed $40 million to Deep Sky, a Quebec-based company developing commercial direct air capture facilities across Canada. The investment marked Catalyst's first in the DAC sector. Deep Sky's Alpha facility in Alberta is designed as a testing ground for multiple next-generation carbon removal technologies, with the goal of proving the cost trajectory needed to make DAC viable at planetary scale.
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