By Stephen Nakrosis
Energy company Southern Co. Wednesday said it made the founding investment in Elevate Future Fund.
Southern said the fund is a sub-fund of Energy Impact Partners and "aims to create a more diverse founder community and inclusive venture capital ecosystem within the broader energy transition."
Southern Co., which is the founding partner of Energy Impact Partners, said it will work through Elevate to find companies founded or run by diverse talents working to advance the low-carbon economy.
The company said Elevate already invested in several diverse companies focused on energy transition.
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(END) Dow Jones Newswires