Bill Gates Backed Startup Aims to Replace Fossil Fuel

A clean free energy company named Heliogen has come upward with a technique that involves AI-powered mirrors capable of utilizing solar energy to generate extreme heat ranging more one,800 degrees Fahrenheit.

The company believes that its technology has the potential to replace fossil fuels for the production of cement, steel, and petrochemicals. Cement production accounts for more than than 7 percent of global CO2 emissions, points out the company in a press release.

"The earth has a express window to dramatically reduce greenhouse gas emissions…With low-cost, ultra-high temperature process estrus, we have an opportunity to make meaningful contributions to solving the climate crisis.", said Bill Gross, CEO of Heliogen.

Bill Gross believes that the company wants to calibration up its business as soon every bit possible to reduce the damage currently being washed by fossil fuels to the atmosphere. "If we go to a cement visitor and say we'll give y'all green heat, no CO2, but we'll also save you money, then it becomes a no-brainer," Gross told CNN.

Notably, the startup is backed by Bill Gates, the co-founder of Microsoft who also happens to be the richest person in the world.

"If we're going to get to zero-carbon emissions overall, we have a lot of inventing to do. I'm pleased to have been an early backer of Bill Gross's novel solar concentration technology. Its chapters to achieve the loftier temperatures required for these processes is a promising development in the quest to 1 twenty-four hours supercede fossil fuel.", said Neb Gates.

So, what are your thoughts on Heliogen'south approach to cope up with climatic change? Permit us know in the comments.