AAA November 2010 – Page 9

Ikea powers up for first deal

Sweden-based home retailer Ikea has made its first deal from its €50m ($70m) clean-tech corporate venturing fund set up in 2008. Ikea GreenTech has invested €2m in local small-scale energy storage company Alelion Batteries. Christian Ehrenborg, managing director of Ikea GreenTech since September last year, said: "We hope to be able to develop small-scale eco-efficient… Continue reading Ikea powers up for first deal