CPPIB completed the investment in Power2X.

Canada Pension Plan Investment Board, a global investment management organisation, completed the investment in Power2X, a hydrogen project developer. Financial terms were not disclosed. "Investing in Power2X is fully aligned with our ambition to play a leading role in the energy transition. The need for industrial decarbonization is increasing rapidly, and green molecules have a vital role to play in meeting these demands, whether to create alternative fuels, hydrogen, or renewable feedstocks such as green ammonia. With Power2X's development capabilities and CPP Investments' flexible capital and sustainable energies expertise, this partnership enables us to invest in next-generation energy assets at an industrial scale with long-term business partners," Bruce Hogg, CPP Investments Managing Director, Head of Sustainable Energies.