IMCO, BlackRock, CPP Investments and OMERS to invest $1.2bn in Northvolt.

Investment Management Corporation of Ontario, an investment company, BlackRock, a private equity firm, Canada Pension Plan Investment Board, an investment company, and OMERS, a public pension fund, to invest $1.2bn in Northvolt, a battery developer and manufacturer. “We have found a committed group of investors that understands both the urgent need and massive financial potential in enabling the swift electrification of society. However, there is a long road ahead if Europe and North America are to reach their full potential as leaders of the energy transition. To create a pathway for global warming below 1.5°C, both the private and public sector need to mobilize resources at an unprecedented scale,” Alexander Hartman, Northvolt CFO.