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.

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