CI ETF I was established with a primary focus on large-scale Power-to-X projects producing green hydrogen and green fuels for the decarbonisation of hard-to-abate industries and transportation. Since the fund’s launch, however, the Power-to-X market has developed more slowly than originally anticipated, reflecting continued challenges related to cost, regulation, enabling infrastructure and the availability of long-term offtake.

Against this backdrop, CI ETF I has evolved its portfolio to pursue a broader range of energy-transition technologies and value-creation pathways. The fund is now focused on projects with credible pathways to final investment decision across power-first generation, powered land, European hydrogen and carbon capture and storage. This broader portfolio provides multiple routes to deployment while maintaining the fund’s core ambition of supporting the decarbonisation of power systems, transportation and hard-to-abate industries.

CI ETF I achieved commitments from investors across the Nordics (~25% of commitments), Europe (~45%), Asia-Pacific (~20%) and North America (~10%) with approximately a 50/50 split between existing investors in CIP funds and new investors. The fund’s investor base comprises approximately 65 institutional investors, primarily pension funds, life insurance companies, sovereign wealth funds, asset managers and family offices.

This fund is closed to new investors.