Alwaleed Philanthropies "Global" Joins Forces to Support the Breakthrough Energy Ventures Project

Alwaleed Philanthropies "Global" supports the Breakthrough Energy Ventures (BEV) initiative, an investor-led fund focused on tackling the urgent challenge of climate change. BEV is committed to advancing innovative energy technologies that deliver affordable, reliable, and clean energy, with the goal of significantly reducing greenhouse gas emissions and driving the global energy transition.

BEV is committed to investing in forward-thinking entrepreneurs and startups that have the potential to reduce at least half a gigaton of annual greenhouse gas emissions. By commercializing breakthrough climate technologies, BEV is laying the groundwork for a cleaner, more sustainable planet.

Headquartered in the United States, BEV operates from 2016 to 2030, providing long-term financial backing and strategic guidance to accelerate scalable climate innovations.

To date, BEV has supported 61 promising startups across five major sectors—ranging from sustainable agriculture to clean transportation. These companies are pioneering new technologies that will shape the future of energy, with BEV providing both capital and expert support to help them scale their solutions globally.

In 2025, BEV shifted its strategy toward developing and supporting its existing investment portfolio, with the aim of maximizing impact and ensuring sustainability:

• Strategic Focus: The fund focused on supporting and developing 55 companies within its existing investment portfolio, with the aim of strengthening their growth and ensuring long-term sustainability.

Breakthrough Energy Ventures remains a leader in driving real, scalable solutions to climate change. With continued support from partners like Alwaleed Philanthropies "Global", BEV is not just supporting startups—it's transforming the future of energy. Together, we are building a cleaner, greener world for generations to come.