Gates, Bezos-backed fund invests in Alphabet energy spinoff
Alphabet incubated energy spinoff Malta has raised $26 million in Series A funding round led by fund Breakthrough Energy Ventures, which is backed by Jeff Bezos and Bill Gates. Hong Kong-based Concord New Energy Group and Sweden's Alfa Laval also participated in the round. Malta stores renewable and fossil energy for long durations using an electro-thermal storage system. 