High-Power Niche: How a Tech Billionaire is Backing Energy Research and More

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GIANLUCA D.MUSCELLI/SHUTTERSTOCK

A big piece of the puzzle that is our energy future is vastly upgrading the systems we use to store and distribute power. It’s a challenge critical to improving energy efficiency, integrating different forms of renewables, deploying electric vehicles, and ensuring resilience under different stresses.
Software billionaire Tom Siebel has taken on this issue as a priority in both his for-profit endeavors and his philanthropy. On the latter side, in 2015, he launched a funding and convening initiative called the Siebel Energy Institute. Since it kicked off, the research funder has made close to $3 million in grants, primarily through small chunks of funding to seed proposals that might secure larger sums from government or other sources.
Siebel came into vast wealth when he sold the CRM company bearing his name to his former employer Larry Ellison and Oracle for just under $6 billion in 2006. Today, he’s worth close to $3 billion, and he and wife Stacey Siebel support causes like stem cell research, scholarships, curbing methamphetamine use, and energy research.
 
Read more starting at ‘That interest in energy aligns with his business interests, as he currently runs a‘ at…..
High-Power Niche: How a Tech Billionaire is Backing Energy Research and More

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