Caisse de dépot et placement du Québec (CDPQ) and bp ventures have launched a new three-year co-investment collaboration, focused on accelerating the energy transition.
Targeting ventures in the sustainable energy sector, the companies have made their first joint investment in BTR Energy, a cleantech company enabling electric vehicles to interact with electricity markets. Other areas of interest include mobility electrification, deployment and adoption of renewable energy, batteries, biofuels, and more.
“Now more than ever, investors are directing capital toward innovations that will allow us to fight and adapt to climate change,” said Geneviève Bouthillier, managing director of private mid-market companies and stewardship investing at CDPQ. “Our co-investment in BTR Energy is a good example of what we aim to do with bp ventures: invest in promising companies that have demonstrated their capability to have a concrete impact, in order to propel their growth.”
