Energy Impact Partners has secured energy utility Fortis as a strategic investor and partner in its Nexus network.

Canada-based electricity and gas provider Fortis has joined US-headquartered investment firm Energy Impact Partners(EIP)’ strategic partner network, Nexus, and will provide it with funding.

EIP acts as a collaborative strategic investment firm, partnering energy utilities to invest in companies developing technology that optimises energy consumption and enhances sustainable power generation.

Barry Perry, president and chief executive of Fortis, said: “Fortis is pleased to make a strategic investment in the Energy Impact Partners Utility Coalition.

“Fortis’ nine operating utilities throughout North…