Nuon stated that the fund will focus on projects that support either the transition from fossil fuels to alternative energy sources or more efficient energy consumption. The investment fund will start out at E40 million.
With its Energy Transition Fund, Nuon said that it is consciously taking the lead in stimulating technologies that prevent and reduce CO2 emissions in the production of energy.
The investments made from the fund are intended to bring to completion energy-related technologies and products which have already got past the research phase. Once fully developed, Nuon could put these technologies to use in its business operations or offer them to clients.
The Nuon Energy Transition Fund will operate independently of Nuon, with its own management structure and supervisory board.
