The Toronto-based asset management firm has committed an initial US$500 million through its renewable energy fund for LanzaTech to build and operate new projects. The Illinois-based firm’s technology removes carbon from emissions and converts it into sustainable products like fuels and fabrics. (The Logic)
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The Toronto-based asset management firm has committed an initial US$500 million through its renewable energy fund for LanzaTech to build and operate new projects. The Illinois-based firm’s technology removes carbon from emissions and converts it into sustainable products like fuels and fabrics. (The Logic)
Talking point: The agreement includes the option for Brookfield to double its funding for LanzaTech. It also comes with a US$50-million corporate development investment that converts into equity in the company. This is the second large deal from Brookfield Renewable in less than a week, as the firm doubles down on assets that can help it and others meet climate targets. Brookfield is banking on LanzaTech as it eyes an IPO through a special purpose acquisition company, valuing the firm at US$2.2 billion.
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