Michigan-based Oakland Energy and Water Ventures has launched a $100m second stage fund for investing and commercialising products focused on energy conservation and water treatment.
The privately held company will look for investments, joint ventures, partnerships, license agreements, and collaborations in the clean energy and water space.
‘I have always believed in supporting opportunities that present a positive impact and improve the quality of life for future generations in our local region and around the world,’ said Chris Brower, part of the fund’s management team.
‘Our goal is to assist our partners with sales and management plans that model and enhance product development, scalability, and marketability.’
Managing partner Kevin O’Connell, who has over 20 years experience in sales, marketing, project management and sales management in the power industry, said, ‘The growth in global energy demand is predicted to increase by as much as 40 per cent by 2030.
‘Meeting this rising demand will require new investments and more innovative technologies. We’re seeking partners who share our passion to meet these challenges.’
A statement from the firm said the initial response to the fund’s launch was well received, and managing partner Rick Manner said they have begun the internal due diligence process.
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