SLDP - Koch Industries takes high-risk approach to investing in energy transition

Koch Industries, the sprawling industrial conglomerate based in Wichita, has taken a slightly different approach to investing in the energy transition. The Company has invested over $3.5b through its "Koch Strategic Platforms" business since the beginning of 2021, with the lion's share of capital allocated to the battery supply chain. While peers like BP (BP) and Marathon (MPC) have invested in the production of low-carbon fuels like wind, solar and bio-diesel, Koch has focused on electricity storage. Factset and the Wall Street Journal indicate that the Strategic Platforms business has invested more than $750m in batteries, while Koch says they've invested ~$1b in energy transition technologies over the past 18 months.  The largest investment, according to Factset data, is a $225m investment in Freyr Battery SA (NYSE:FREY). The company focuses on developing utility-scale lithium batteries, with lower CO2 emissions when compared to East Asian manufacturers. Freyr (FREY) is also attempting

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Koch Industries takes high-risk approach to investing in energy transition