$ cat ./records/backs-carbon-engineering-technology-later-acquired-by-occidental--2019.txt
Backs Carbon Engineering; technology later acquired by Occidental for $1.1 billion
[RECORD.TXT] · cat --full
Cascade Investment was among early backers of Carbon Engineering, a Canadian direct air capture company. In 2023 Occidental Petroleum acquired Carbon Engineering for $1.1 billion to build the world's largest carbon removal plant in Texas. The acquisition was one of the largest transactions in the carbon capture industry and marked Gates's direct air capture investment thesis paying off commercially.
Source: https://www.carbonengineering.com/news-updates/occidental-petroleum-to-acquire-carbon-engineering/
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Related Accomplishments
2026
Gates-Backed Commonwealth Fusion Installs Its First Magnet, Racing Toward 2026 'First Plasma'
Commonwealth Fusion Systems — backed by Bill Gates's Breakthrough Energy — hit a major hardware milestone heading into 2026, installing the first of 18 powerful high-temperature superconducting magnets in its SPARC tokamak near Boston. CFS is racing to achieve 'first plasma' in 2026 and net energy gain in 2027, aiming to prove that commercial fusion power is possible. It is among several fusion ventures Gates has funded in his long search for an 'energy miracle' to fight climate change.
2026
TerraPower Begins Building America's First Utility-Scale Advanced Reactor in Wyoming
On April 23, 2026, Bill Gates's nuclear company TerraPower formally began nuclear construction of its first Natrium reactor in Kemmerer, Wyoming — billed as the first utility-scale advanced nuclear power plant built in the United States. The milestone followed the Nuclear Regulatory Commission's approval of the construction permit, and came after earlier work on non-nuclear facilities and a multi-year delay caused by the loss of Russian fuel supplies. The 345-megawatt sodium-cooled reactor, with molten-salt energy storage, is central to Gates's bet that next-generation nuclear can deliver clean, around-the-clock power.
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