BE Catalyst

Breakthrough Energy Catalyst launches UK Request for Proposals

Seeks to fund climate technology projects

Today, Breakthrough Energy’s Catalyst program launched a Request for Proposals (RFP) to fund emerging climate technology projects located in the United Kingdom. This RFP is the next step in the UK-Catalyst partnership, which will mobilize up to £400 million between 2022 and 2027 to commercialize high-impact decarbonization technologies. Catalyst will provide project-level financing for initiatives across four areas that will reduce emissions in hard-to-decarbonize sectors:

  • Clean hydrogen
  • Direct air capture
  • Long duration energy storage
  • Sustainable aviation fuel

Catalyst will provide selected projects with one or more of the following forms of catalytic support:

  • Equity investment: minority investment into a project that will be more risk tolerant and at a lower investment rate of return than traditional equity investors
  • Grant funding: non-dilutive funds that do not require repayment to Catalyst
  • Offtake agreement: agreements that will be negotiated between Catalyst partners directly with project developers for the purchase of project output

Projects that are currently seeking governmental funding from the UK Government are particularly encouraged to apply.

 


About Breakthrough Energy Catalyst

Breakthrough Energy Catalyst is a first-of-its-kind model to finance, produce, and buy the new solutions that will underpin a zero-carbon economy. Catalyst brings together the public and private sectors to fund commercial-stage demonstration projects for critical decarbonization technologies. Catalyst will address the early deployment funding gap for these technologies and provide a structure to accelerate their commercialization. Catalyst will start by funding projects across four technologies: direct air capture, green hydrogen, long-duration energy storage, and sustainable aviation fuel.


Breakthrough Energy

Founded by Bill Gates, Breakthrough Energy is dedicated to helping humanity avoid a climate disaster. Through investment vehicles, philanthropic programs, policy advocacy, and other activities, Breakthrough Energy is committed to scaling the technologies the world needs to reach net-zero emissions by 2050.

Oct 19, 2021

Prime Minister Boris Johnson and Bill Gates Launch £400m Partnership to Boost Green Investment