Breakthrough Energy Catalyst

Breakthrough Energy Catalyst is the late-stage project finance arm of Breakthrough Energy, built for first-of-a-kind climate infrastructure rather than early research. It targets large demonstration projects and commercial-scale deployments in green hydrogen, long-duration energy storage, sustainable aviation fuel, direct air capture, and manufacturing, with a focus on projects in the United States and Europe. The financing mix is hybrid, combining grants, project equity, and concessional debt. Awards run from $50 million to $1.5 billion, with a median deal around $200 million, a 50 percent match requirement, and TRL 7 to TRL 9 eligibility for for-profit project sponsors. Catalyst has already raised more than $1 billion of direct capital, aims to mobilize up to $10 billion of commercial-scale projects, and sits inside an EU-Catalyst partnership expected to mobilize about €820 million between 2022 and 2027. This is not a public RFP for general applicants so much as a deal-by-deal platform for projects that can clear financing, engineering, and offtake hurdles. Its backers include names such as BlackRock Foundation, HSBC, Bank of America, ArcelorMittal, General Motors, Microsoft, and American Airlines, which signals the kind of capital stack and industrial alignment Catalyst expects. Teams that fit best are the ones with a bankable first-of-a-kind project and a clear route to deployment.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.