Bill Gates raised more than $1 billion in corporate funding for Breakthrough Energy Catalyst, drawing on BlackRock Inc.’s Larry Fink and Microsoft Corp.’s Satya Nadella to rally support for some of the world’s most demanding clean-energy projects. BlackRock is making a five-year, $100 million grant from its charitable foundation. Microsoft and the other backers — General Motors Co. , Bank of America Corp. , American Airlines Group Inc. , Boston Consulting Group and ArcelorMittal SA — are providing a mix of equity capital and so-called offtakes, or purchase agreements tied to the projects. “We’re not doing this to make money,” Fink, BlackRock’s chief executive officer, said in an interview together with Gates on Bloomberg Television. “We’re doing this to seed these ideas, to rapidly accelerate ideas.” Gates established Breakthrough Energy Catalyst to accelerate the commercial viability of four key solutions to the climate crisis: green hydrogen, sustainable aviation fuel, […]