Farms.com Home   News

Alberta Enterprise Corporation invests USD$3 million into energy technology fund

EDMONTON, AB, Oct. 4, 2022 /CNW/ - Alberta Enterprise announced today that it has invested USD $3 million in PillarFour Capital Fund II to support Alberta energy technology companies focused on reducing carbon intensity and environmental footprint in the oilfield.

"Technology has always been a backbone of Alberta's oil and gas sector and forward-thinking energy technology companies continue to play a key role in advancing the industry along a path of increasingly efficient and responsible operations," commented Kristina Williams, CEO of Alberta Enterprise Corporation. "We've been engaged with the PillarFour team for the last few years. We are impressed by the portfolio they created in their first fund, and are excited to support them as they continue to invest in Alberta's energy innovators."

PillarFour is an investment firm focused on sustainable, energy technology companies. The firm is headquartered in Calgary with an additional office in London, England. The PillarFour investment team leverages decades of operational and financial expertise in energy and technology businesses to support Canadian innovators seeking to scale in Canada, into the US and internationally. 

Click here to see more...

Trending Video

2023 Great Ontario Yield Tour Final Results with Henry & Steve

Video: 2023 Great Ontario Yield Tour Final Results with Henry & Steve

Henry Prinzen with Maizex and Steve McQueen with Alpine present the Final Results from the 2023 Great Ontario Yield Tour!

How are crops looking this year? What factors influenced crop production regionally?

Watch to find out!

Subscribe to our channel and turn on notifications to see new agriculture videos.