Fueling America's Clean Energy Future
By Christian Braemer
Cofounder & CEO, Benefunder
We are excited to introduce Benefunder's Clean Energy Impact Fund -- a revolutionary new concept in philanthropy, and as far as we know, the most effective way to fund clean energy innovations and to fast-track them into the marketplace.
Unlike crowdfunding, our Clean Energy Impact Fund is a mutual fund concept that features innovators addressing multiple key areas, has a long-term focus, and appeals to the high net worth, foundation, and corporate segments.
These types of funds include compilations of the best and brightest researchers in those fields working on everything from policy to major breakthrough science to commercialization.
These funds allow for access, diversification, and pooled funds that drive impact, efficiency, and engagement in giving. Why is this important?
First, clean energy is an area that benefits all earthly inhabitants. Reducing our reliance on fossil fuels while supporting an industry that the United States has a real shot at becoming the world leader in would create high paying jobs and boost the economy for generations to come.
It seems like a natural path, but we still have a long way to go; in order to reach the 'tipping point' in clean energy, the decision for the consumer needs to be based on economics rather than just doing the right thing - and we're just not there yet.
Meanwhile, China has overtaken the United States as the leading investor in this space. In order to tip the scales and potentially win this race, we need to make sure the next big breakthroughs happen soon, and happen here.
Second, if we're successful, this model could be very disruptive in the non-profit space in general, and others will follow. There aren't many options for philanthropists in the clean energy space to begin with, but we will expand this concept to other cause areas soon.
It's time we apply some of the same principles we've always held true in business to philanthropy. That is facilitating market efficiencies, giving the customer (donor) what they want, always doing the right thing - and never stop innovating.
For clean energy to be a no brainer, we need breakthroughs in at least two of the three areas in energy -- production, transmission, and storage. We also need researchers that demonstrate the effects of our current policies, which are included in our Clean Energy Impact Fund.
We're incredibly proud and humbled by the world-class researchers that have dedicated their lives to our planet and have committed to being a part of this movement with Benefunder.
Together, we can
help strengthen our nation's clean energy initiatives while preserving our natural resources.