The Strategist

Bill Gates invests in a startup to produce clean water from air

03/30/2022 - 09:42

Billionaire Bill Gates' foundation has invested in hydropanels capable of generating water from the air. The startup Source Global, which developed them, raised $150 million; among the investors were the BlackRock and Lightsmith foundations and the Duke Energy energy holding.

Sebastian Derungs
Sebastian Derungs
Venture capital fund Breakthrough Energy of Microsoft co-founder Bill Gates has invested in startup Source Global, which produces hydropanels capable of generating water from the air, reported the television channel CNBC.

The startup has already attracted $150 million; investors include BlackRock and Lightsmith investment companies and Duke Energy Holding, along with the Gates Foundation.

The hydropanel looks like a solar panel, but produces water instead of electricity. It absorbs water vapor from the air and uses solar energy to extract clean water from it. The cost of a single panel is $2,000.

"We take sunlight and air and can produce perfect drinking water almost anywhere on the planet," the company’s head told the reporters. He recalled that the World Health Organization estimates that by 2025, "half of the world's population will live in water-stressed areas."