BDC Venture Capital, a Montreal-based company with more than $1 billion under management, plans to invest C$100 million ($96.3 million) in energy and cleantech companies in Canada.
BDC will target “capital-efficient ventures” rather than large-scale renewable-energy projects such as utility-scale solar and wind farms, according to a statement today.
“In the energy-efficiency market, there’s so much low-hanging fruit, and substantial room for growth,” Tony Van Bommel, senior managing partner of the company’s Energy/Cleantech Fund, said today in an interview. “These are still extremely big opportunities, but they have the capability to scale.”
The fund has invested in companies developing energy-efficiency technology, biomass power, water-treatment systems and semiconductors.
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