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Top related persons:
Tommy Reggiori Wilkes - 2 Bruce Hogg - 1 CPPI - 1 Hogg - 1 Occo Roelofsen - 1 Conor Humphries - 1 IMCO - 1 we've - 1
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Europe Amsterdam Portugal Spain Power2X Swedish Skelleftea Sweden
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Thomson - 2 Investments - 1 Investor - 1 McKinsey - 1 Investment Management Corporation of Ontario - 1 Energy - 1 Canada's Investment Management Corporation of Ontario - 1 BMW - 1

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☆ Canadian pension fund taps Europe's green hydrogen hopes with Dutch investment
  + stars: | 2023-07-11 | by ( Tommy Wilkes | ) www.reuters.com   time to read: +3 min
LONDON, July 11 (Reuters) - Canada's biggest pension fund, CPP Investments, has made its first bet on green hydrogen playing a growing role in cutting emissions, with a 130 million euro ($143 million) investment and the purchase of a majority stake in a three-year-old Dutch firm. "Europe is generally seen as the leading industrial market or consumer for these green molecules. Power2X's current projects include a green hydrogen and ammonia development in Portugal and a solar power and green hydrogen project in Spain. Expanding green hydrogen production will require more renewable power generation, and some questions remain over its potential use cases versus other low-emission technologies. Last month Canada's Investment Management Corporation of Ontario announced a $400 million investment in Sweden's battery producer Northvolt.
Persons: Bruce Hogg, CPPI, Hogg, Occo Roelofsen, Tommy Reggiori Wilkes, Conor Humphries Organizations: Investments, Reuters, Investor, McKinsey, Investment Management Corporation of Ontario, Thomson Locations: Amsterdam, Europe, Portugal, Spain, Power2X
☆ Exclusive: Canadian pension fund invests $400 mln in Swedish battery maker Northvolt
  + stars: | 2023-06-20 | by ( Tommy Wilkes Simon Jessop Supantha Mukherjee | Tommy Wilkes | Simon Jessop | ) www.reuters.com   time to read: +4 min
Northvolt, which counts BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) among its investors, last year delivered its first battery cells from its gigafactory in Skelleftea in Sweden. In its largest deal in Europe yet, IMCO has invested $400 million in Northvolt through convertible notes, it told Reuters. "Whether it (Northvolt) goes public or stays private, we've done our homework and we are happy with the investment." Matthew Mendes, IMCO's head of infrastructure, said the Northvolt investment was examined jointly by his team and IMCO's public equities managers. IMCO has an investment team of 110 staff, which it plans to grow as it looks for more investments overseas.
Persons: IMCO, we've, Northvolt, Stoyanova, Carlyle, Matthew Mendes, IMCO's, Mendes, Simon Jessop, Tommy Reggiori Wilkes, Marguerita Choy Organizations: Energy, Canada's Investment Management Corporation of Ontario, BMW, Volkswagen, Reuters, Blackstone, Thomson Locations: Europe, Swedish, Skelleftea, Sweden, Germany, Britain, North America, Ontario, Brookfield
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