NRStor nets $11 mln, has access to $200 mln from Fengate-LiUNA
Toronto-based energy storage project developer NRStor Inc has secured $11 million in equity financing as well as access to $200 million in additional capital. The funding commitment is the result of a partnership with Labourers' Pension Fund of Central and Eastern Canada (LiUNA). LiUNA's investment will be managed by Fengate Real Asset Investments. Launched in 2012 by CEO Annette Verschuren, NRStor will use the funds raised to support its projects, which are intended to scale renewable capacity and make the electricity system more efficient. The company's other Canadian investors are Lake Bridge Capital and Northwater Capital Management.
6 February 2017•4 mins read
