Source: Wall Street Journal, February 29, 2012.
Microsoft founder Bill Gates, who spoke at the ARPA-e conference today, decried the tremendous lack of funding in the cleantech space,especially governmental funding. “It’s crazy how little we are funding this energy stuff.” “If we are underestimating how hard it is, we wind up underfunding,” said Gates. 90% of novel energy projects will fail, said Gates. “We need a thousand companies.”
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