Fortum to invest US$ 10 million in cleantech venture capital fund

Finnish energy consortium will invest US$10 million in the Canadian cleantech fund Chrysalix Clean Energy Fund.

The investment portfolio of Chrysalix includes solar power, fusion power research and fuel cell technology. More investemnts are being evaluated.

The purpose of these investment activities at Fortum is said to be dual; to gain strategic insight in new energy technology and to receive sound financial returns.
Investments in new clean technology will be made both internally and externally. Through enhanced R&D activities Fortum hope to gain long term competitive advantages.

Read more about it here.