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.
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onsdag 23 juli 2008
torsdag 25 oktober 2007
Fortum to acquire shares of wave power company
According to Ny Teknik (in Swedish), Finnish power company Fortum will buy 8.4% of the company AW-Energy. The company work has developed a wave power solution called Wave Roller. In contrast to other wave power solutions, that take advantage of the motion energy at the surface, the WaveRoller concept is focused on generation power from bottom currents. Also covered here
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