Type: High Impact Investments, Real Assets
Topic: Carbon Capture & Storage, Clean Transportation, Energy Efficiency, Renewable Energy, Technology
Status: Current
HitecVision is an energy developer that is investing on some of the emerging frontiers of the energy transition, including commercial scale carbon capture and storage, district heating with carbon capture, onshore and offshore wind power, and other energy transition initiatives.
Investment
$7.5 million; originated in September 2021
Rationale
The strategy touches on a few themes that are exciting to McKnight including deep decarbonization, carbon capture and storage, and traditional renewable energy platforms. The fund fits into the McKnight sustainable real assets thesis, provides real greenhouse gas reductions, and delivers learning return as it commercializes technology on the leading edge of the transition curve.
Benchmark
MSCI World Index
Returns
Too early to evaluate.
Lessons Learned
Too early to report.
Photo credit: Nicholas Doherty for Unsplash
Disclaimer of Endorsement: The McKnight Foundation does not endorse or recommend any commercial products, processes, or service providers.
Last updated 10/2022