Sweden’s AMF invests SEK 955m in Polarium

Swedish pension provider, AMF, has invested SEK 955m in Polarium, a Swedish company that develops and manufactures solutions for energy storage and energy optimisation based on lithium-ion technology.

Commenting, AMF share manager and owner responsible, Anders Oscarsson, said: “Polarium is an exciting Swedish innovation company, which during its short history has made a strong impression and shown impressive growth. With their smart solutions for energy storage and energy optimisation, they have great potential to play a growing role in the global energy transition, and thereby contribute to a more sustainable development in the world.”

This, he added, is why AMF believes is a good investment for its pension savers. Oscarsson said AMF will be a long-term and active owner. The investment corresponds to around 9 per cent of shares in the company.

Polarium is a privately owned Swedish company with headquarters in Stockholm that manufactures smart and modular energy storage solutions based on lithium-ion technology. The company was founded in 2015 and between 2016 and 2021 had an average annual growth of 150 per cent. Polarium has implemented over 350,000 installations in more than 70 countries on all continents and in all climate zones – from the equator to the Arctic.

“Sweden has many interesting companies that are far ahead in terms of innovative solutions to the climate challenges and the transition to a fossil-free society, which we believe are important future sectors. AMF is involved as a long-term investor and owner in several of these, which has so far been good for AMF's savers' pensions as well as for Swedish industry and Swedish workers,” AMF asset management manager, Tomas Flodén, said.

    Share Story:

Recent Stories

Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows