CPP Investments

Hydrostor Inc. is a company based in Toronto, Canada, that specializes in developing and operating compressed air energy storage systems. Founded in 2010, Hydrostor's technology offers a solution for addressing the electricity system's needs for dispatchable capacity and renewable energy integration. The company's systems provide long-duration, emission-free energy storage, capable of delivering hundreds of megawatts for 4 to 24 hours, making them suitable for both behind-the-meter applications and remote operations, particularly in mines and large industrial facilities. Hydrostor's approach also allows for the repurposing of retired fossil fuel plants and utilizes existing mining infrastructure. The company serves clients primarily in the United States, Australia, and Canada, and has established a strategic partnership with AECOM to enhance its service offerings.

Chestnut Carbon is an environmental engineering company that specializes in carbon removal and project development services. The company operates a nature-based carbon offset platform that focuses on generating forest carbon offsets that are additional, verifiable, and biodiverse. Chestnut Carbon aims to accelerate the path to net zero for various industries through its services, which include reforestation, afforestation, improved forest management, and the prevention of land conversion. By prioritizing biodiversity and restoring lands to their natural habitats, the company contributes to environmental sustainability and climate change mitigation.

Mombak is a carbon removal company dedicated to reforesting the Amazon. It specializes in cultivating native, biodiverse forests that effectively remove carbon from the atmosphere while ensuring high integrity in its projects. The company's initiatives are designed to achieve significant additionality and durability, with minimal leakage, thus enhancing biodiversity and supporting socioeconomic development in local communities. Mombak's team consists of experts in science, technology, forestry, and carbon markets, all working together to improve forestry practices and contribute to a sustainable future.

Aera Energy is a California-based oil and gas producer that specializes in the extraction of heavy oil and other unconventional light reservoirs. The company emphasizes safe and reliable energy production while highlighting the significance of oil and gas in daily life. Aera is committed to responsible production practices and employs innovative engineering and lean processes to enhance the output of mature fields. This focus on efficiency allows Aera to provide its clients with reliable solutions for oil supply, ensuring a consistent and hassle-free experience.

Hydrostor Inc. is a company based in Toronto, Canada, that specializes in developing and operating compressed air energy storage systems. Founded in 2010, Hydrostor's technology offers a solution for addressing the electricity system's needs for dispatchable capacity and renewable energy integration. The company's systems provide long-duration, emission-free energy storage, capable of delivering hundreds of megawatts for 4 to 24 hours, making them suitable for both behind-the-meter applications and remote operations, particularly in mines and large industrial facilities. Hydrostor's approach also allows for the repurposing of retired fossil fuel plants and utilizes existing mining infrastructure. The company serves clients primarily in the United States, Australia, and Canada, and has established a strategic partnership with AECOM to enhance its service offerings.

KoBold Metals operates as an AI-powered mineral exploration company focused on discovering materials essential for the electric vehicle and renewable energy sectors. The company utilizes advanced software that aggregates and structures extensive scientific datasets, including geochemical, geophysical, and geological information. By applying various analytical techniques such as ensemble machine learning and computer vision, KoBold predicts subsurface compositions in a statistically valid manner. This innovative approach enhances the exploration efficiency for mineral resources, particularly cobalt, which is crucial for the electric vehicle industry. By merging ore-deposit science with big data and scientific computing, KoBold Metals aims to identify new sources of cobalt and support the sustainable supply chain for emerging technologies.

Battle North Gold Corporation is an exploration company focused on gold mining, primarily in Canada and the United States. The company holds a 100% interest in the Phoenix Gold project located in the Red Lake gold district of northwestern Ontario, which is recognized for its rich mineral deposits. Additionally, Battle North controls the second-largest exploration ground in this district, encompassing approximately 285 square kilometers. The company also possesses an extensive land package of about 900 square kilometers in the Long Canyon gold district, situated along the Nevada-Utah border. Founded in 1996 and headquartered in Toronto, Canada, Battle North was previously known as Rubicon Minerals Corporation before rebranding in July 2020. The company's goal is to develop the Bateman Gold Project into a significant gold producer within the Red Lake region.

Laricina Energy Ltd. is a privately-held company based in Calgary, Canada, focused on the exploration, development, and production of bitumen from oil sands in Western Canada. Founded in 2005, the company has advanced two grassroots oil sands exploration plays to the brink of commercial-scale development. Laricina operates and manages a diverse portfolio of oil sands assets, particularly in situ Athabasca oil sands properties, by leveraging technology and in-house expertise. The company has established five project development areas, aiming to create value through the pursuit of less known and less mature projects in the oil sands sector.

Cequence Energy Ltd. is a Calgary-based company focused on the acquisition, exploration, development, and production of petroleum and natural gas reserves in Western Canada, particularly in the Alberta Deep Basin. Established in 2000 and formerly known as Sabretooth Energy Ltd., the company has developed a significant asset portfolio, with production exceeding 9,000 barrels of oil equivalent per day. Cequence generates revenue primarily from the sale of natural gas, crude oil, and condensate, alongside natural gas liquids and royalties. With a strong financial position, Cequence Energy is well-equipped to navigate market fluctuations and pursue growth opportunities in a competitive landscape, emphasizing a strategic approach to its capital spending program while maintaining focus on its liquids-rich gas weighted resource play strategy.

Fieldwood Energy LLC is an oil and gas exploration and development company headquartered in Houston, Texas, with an additional office in Lafayette, Louisiana. Established in 2012, it specializes in acquiring and developing conventional offshore oil and gas assets primarily in North America, particularly in the Gulf of Mexico. The company is recognized for its operations in both shallow and deepwater regions, including its role as the operator of the Ichalkil and Pokoch fields in Mexico's Bay of Campeche. Fieldwood Energy is led by CEO Matt McCarroll and a team of experienced executives, many of whom were previously involved with Dynamic Offshore Resources. In August 2020, Fieldwood Energy and its affiliates filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, reflecting challenges faced in the industry.