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Microsoft Makes First Climate Fund Investment, Joins Green Group

The $50 million investment will go to VC firm Energy Impact Partners

PKN Orlen SA Oil Refinery Operations Ahead of Grupa Lotos SA Merger
Photographer: Bartek Sadowski/Bloomberg
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Microsoft Corp. said the first investment for its $1 billion climate fund will be in venture capital firm Energy Impact Partners. The software maker also joined with Nike Inc., Starbucks Corp., Unilever NV and Danone SA in a new consortium devoted to sharing resources and tactics for slashing carbon emissions, bringing together the efforts of some of the biggest global companies that have pledged to take action against climate change. 

The software giant’s $50 million investment will bolster the VC firm's backing of new technologies for greener energy and transportation systems. New York-based EIP, a utility-company backed fund with $1.2 billion in assets under management, has invested in companies that make software for improving underlying energy networks and in Urbint, an artificial intelligence company that has a technology for preventing methane leaks.