EVOK INNOVATIONS

Evok Innovations Announces First Close of $300 Million USD Cleantech Fund to Accelerate Industrial Decarbonization in North America

Retrieved on: 
Tuesday, March 29, 2022
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The fund will target early-stage investments across North America in key industrial decarbonization verticals, including carbon capture use and storage (CCUS), low-carbon fuels, clean energy and grid innovations, mobility, and advanced materials and circularity.

Key Points: 
  • The fund will target early-stage investments across North America in key industrial decarbonization verticals, including carbon capture use and storage (CCUS), low-carbon fuels, clean energy and grid innovations, mobility, and advanced materials and circularity.
  • Launched in 2016 through a partnership between Suncor, Cenovus and the BC Cleantech CEO Alliance, Evoks inaugural $100 million CAD fund aimed to accelerate the development of critical energy transition technologies across North America.
  • The fund has made 16 investments in critical decarbonization technologies ranging from clean hydrogen and carbon-to-value to long-duration energy storage.
  • Founded in 2016, Evok Innovations (Evok) was built around a mission of protecting the environment and strengthening the economy.