Manulife Investment Management completed the $100m investment in EDF Renewables-backed PowerFlex.

Manulife Investment Management, a global wealth and asset management segment of Manulife Financial, completed the $100m investment in EDF Renewables-backed PowerFlex, a provider of intelligent solar, storage, and electric vehicle charging solutions for commercial and industrial customers. “We are excited to partner with Manulife Investment Management, whose team brings an in-depth understanding of infrastructure trends that will help us continue providing our clients with reliable and cutting-edge clean energy solutions. PowerFlex’s accompanying digital products optimize the system performance of all onsite energy assets to generate greater cost savings and increase efficiency. The investment will help advance our mission of electrifying the transportation sector and deploying low-carbon infrastructure in a way that also supports a cleaner, more decentralized and resilient grid,” Raphael Declercq, PowerFlex CEO.