Bill Gates Puts His Trust in Former NASCAR Drivers $91 Million Dollar Start Up

Bill Gates, the American magnate, has invested in a former NASCAR driver’s $91 million startup called Koloma. The Denver-based startup is operating in a market that is expected to hit a whopping value of $260 Billion by 2030.

Hydrogen: The Future of Energy Generation

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Koloma operates on the utility of Hydrogen, a highly combustible gas, on a whole different level. The company explained that underground reactions between water and rock produce hydrogen, which gets trapped in fractures and cracks. If utilized correctly, these vast stores of renewable and pure hydrogen have the potential to revolutionize energy generation. This will be especially useful as the Globe is battling serious climatic crises.

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Paul Harraka: From NASCAR Driver to Startup Co-Founder

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Former representative of NASCAR’S Drive for Diversity program Paul Harraka co-founded Koloma along with its CTO Tom Darrah. According to them, as H2 can produce energy with just water as a byproduct, it is possible to minimize the costs of producing energy. This could bring down the prices of electricity significantly.

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Bill Gates' Belief in Hydrogen

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Bill Gates himself is a staunch believer in the renewability of hydrogen. According to an article by Carbon Credits.com, Gates thinks that hydrogen is the “Swiss Army knife” of renewable resources.

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