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LanzaTech Partners with Brookfield Renewable on $500M Development Deal
Chicago-based LanzaTech NZ, Inc. has formed a funding partnership with Brookfield Renewable, and its institutional partners, to co-develop and build new commercial-scale production plants that will employ LanzaTech’s CCT (Carbon Capture and Transformation) technology.
The funding partnership commits an initial $500 million to be invested by Brookfield Renewable in constructing and operating new CCT projects that have achieved certain pre-agreed milestones.
Brookfield will be LanzaTech’s preferred capital partner for LanzaTech CCT opportunities in Europe and North America. Following initial investments totaling $500 million, Brookfield could commit to making an additional $500 million available for investments in the strategic partnership if sufficient projects are available at the agreed milestones. Brookfield will also invest $50 million in LanzaTech to support further corporate development.
“LanzaTech’s technology provides a new way to decarbonize hard-to-abate sectors across the economy,” said Natalie Adomait, managing partner and CIO of the Brookfield Global Transition Fund.
- ◦Development
- ◦Financing
