IMCO completed the $400m investment in Northvolt.

The Investment Management Corporation of Ontario, an investor for Ontario's public-sector institutions, completed the $400m investment in Northvolt, an integrated battery platform focused on the R&D, manufacturing, and recycling of sustainable battery cells and systems. "This innovative collaboration between IMCO's Fundamental Equities and Global Infrastructure teams is paving the way for meaningful capital deployment towards the energy transition. With this investment, we are tangibly delivering on our Climate Action Plan, while also strategically managing material ESG risks, ultimately generating sustainable long-term value for our clients," Rossitsa Stoyanova, IMCO Chief Investment Officer.