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Inventiv Allocates $100mn To Pong Technologies SPV

Inventiv Capital Management, a sustainability focused private equity investment firm based in Greenwich, Connecticut, has entered into a letter of intent with Pond Technologies Holdings pursuant to which Inventiv has agreed to provide US$100 Million in project funding. The LOI calls for the creation and funding of a special purpose vehicle to develop a diversified portfolio of projects implementing Pond's algae-based emissions abatement solution to be co-located next to industrial emitters of greenhouse gases (power plants, refineries, etc.). Inventiv and its affiliates will be actively engaged in developing projects by sourcing opportunities for deployment of Pond's technology, and funding will be released upon...