Koch Industries has made 10 investments in battery companies since 2020: report


A business controlled by Koch Industries Inc. has made 10 investments since late-2020 in the battery industry, The Wall Street Journal reported Tuesday. Citing 13D filings, news releases and FactSet data, the newspaper said the combined battery investments are worth about $750 million. Koch Industries about 10% each of the common stock of Freyr Battery SA FREY, +4.41% and Aspen Aerogels Inc. ASPN, +7.29% and about 8% of Standard Lithium Ltd. SLI, +6.19%. Koch Industries launched Koch Strategic Platforms in 2020 with a focus on energy transition investments, along with health care, automation, and computing. Koch Industries did not comment, the WSJ story said. Koch Industries CEO Charles Koch is known for contributing billions of dollars to conservative political causes including some working to oppose environmental regulation and to raise questions around the threat of climate change.

This article was originally published by Marketwatch.com. Read the original article here.

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