Funds Quaise Energy to drill ultra-deep geothermal wells with millimeter-wave beams

Breakthrough Energy Ventures backed Quaise Energy, which uses high-powered gyrotron beams to vaporize rock and drill geothermal wells 10–20 km deep — reaching temperatures sufficient to generate steam for any existing power plant. The technology could enable geothermal energy almost anywhere on Earth, not just in volcanic regions. Quaise claims it could repurpose coal and gas plants for geothermal power without new grid infrastructure.
Source: https://quaise.energy/
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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.
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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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