News
Airlines taking lead in funding SAF
August 1st 2025
oneworld alliance members, Cathay Pacific and Japan Airlines, have joined with Singapore Airlines and U.S. carriers, Alaska Airlines and American Airlines, and the UK’s IAG to establish a US$150 million oneworld BEV Fund to “identify, enable and scale lower carbon jet fuel of the future”. Read More »
The airlines and Breakthrough Energy Ventures (BEV) are establishing the fund to address the limited availability and high cost of today’s Sustainable Aviation Fuel as currently supplied.
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Goals of the BEV fund are:
* Invest in novel, next generation SAF technologies
* Support the growth of alternative fuel markets to meet long-term needs of the global aviation industry
* Create economic value for investors and regions around the world
* Drive technology innovation
* develop a diverse and resilient SAF supply chain to meet future demand
BEV, Breakthrough Energy Venture’s capital fund, founded by Bill Gates, will serve as the fund’s investment manager, adding deep technical expertise, a rigorous diligence model and extensive experience in supporting the growth of early-stage climate change technology companies.
