Alberta Enterprise Corporation invests USD$3 million into energy technology fund

Oct 04, 2022

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EDMONTON, AB, Oct. 4, 2022 /CNW/ - Alberta Enterprise announced today that it has invested USD $3 million in PillarFour Capital Fund II to support Alberta energy technology companies focused on reducing carbon intensity and environmental footprint in the oilfield.

"Technology has always been a backbone of Alberta's oil and gas sector and forward-thinking energy technology companies continue to play a key role in advancing the industry along a path of increasingly efficient and responsible operations," commented Kristina Williams, CEO of Alberta Enterprise Corporation. "We've been engaged with the PillarFour team for the last few years. We are impressed by the portfolio they created in their first fund, and are excited to support them as they continue to invest in Alberta's energy innovators."

PillarFour is an investment firm focused on sustainable, energy technology companies. The firm is headquartered in Calgary with an additional office in London, England. The PillarFour investment team leverages decades of operational and financial expertise in energy and technology businesses to support Canadian innovators seeking to scale in Canada, into the US and internationally. 

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