Energy storage firm receives $11M from pension fund

The Labourers’ Pension Fund of Central and Eastern Canada (LiUNA) is investing $11 million in NRStor Inc, a Toronto-based developer of energy storage projects. The investment, with participation from NRStor founder and CEO Annette Verschuren, targets energy storage as a key enabler of future energy system technologies leading to greater energy efficiency and a lower carbon footprint. LiUNA will also make $200 million in additional capital accessible to NRStor as it deploys its financing model of owning and operating energy storage projects. Fengate Real Asset Investments will manage LiUNA’s investment in NRStor.