BC Hydro chairman joins Ventures West to launch $156M clean enegy fund
Mossadiq Umedaly, chairman of Canadian utility BC Hydro, plans to join Ventures West to help the firm raise C$200 million ($156 million) for a clean energy fund that could be launched in the next six months, reports Earth2Tech.com.
Umedaly will keep his position at BC Hydro. He joined the utility from Xantrex Technology, where he was the ceo of this power supply manufacturer. He’s also served as cfo of fuel cell company Ballard Power Systems.
Ventures West was an investor in Ballard. The firm’s current clean energy investments include stakes in 6N Silicon, a manufacturer of solar-grade silicon andĀ fuel cell makers Angstrom Power and Polyfuel.
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