Robert Downey Jr. and Bill Gates are Investing in an Electric Motors Company

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Robert Downey Jr. and Bill Gates invest in Turntide Technologies
Robert Downey Jr. and Bill Gates invest in Turntide Technologies

With the recent negative impact of climate change; and the disaster it has caused to the world like the latest Texas winter storm, the world has been shifting into renewable energy as an alternative. Accordingly, Turntide Technologies backed by Robert Downey Jr. and Bill Gates is making the greatest innovation in the electric motors industry.

The company will be tackling climate change through electric motors —  disrupting the technology the world has been using since the 19th century.

 “Turntide’s technology and approach to restoring our planet will directly reduce energy consumption,” said Steve Levin, the co-founder (along with Downey Jr.) of FootPrint Coalition

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Turntide said in a statement that buildings operation is the reason behind 40% of CO2 emissions globally. Additionally, the U.S. Department of Energy (DOE) added 1/3 of the energy manufacturers use in commercial buildings is wasted.

Hence, smart building technology disrupts the mainstream process of building. This is achieved by eliminating the waste through adjustment of lighting, air conditioning, ventilation, heating, and other involved operations. In return, investors have put a total of $100 million into Turntide in the last six months.

Turntide took 11 Years to Develop the Technology

Ryan Morris, chief executive and chairman of Turntide developed the company at the Illinois Institute of Technology. At that time, the company aimed to contribute to the climate change cause through innovative technologies which reduce gas emissions.