RWE to transmit $145m to new fund

Feb 8, 2016 • Robert Lavine

The Germany-based power supplier is also set to invest $15m in an as yet undisclosed green technologies fund.

Germany-based energy utility RWE plans to establish a corporate venturing fund that will be sized at up to €130m ($145m), it said on Friday.

The move will be made as part of a company-wide innovation drive, according to RWE chief executive Peter Terium, who announced plans for the fund following a visit to its Silicon Valley-based RWE New Ventures unit.

“I decided to make Innovation a CEO priority, as I firmly believe it is crucial to our future success.” Terium…

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