Dutch energy service company SCW Systems secures €25M

Zeist, the Netherlands-based Pensioenfonds Zorg en Welzijn (PFZW), a pension fund of, for, and by the health and welfare sector, on Monday, July 1, announced that it has made €25M in SCW Systems, an Alkmaar-based energy services company.

This investment is part of a new fund with a total investment commitment of €2B, which will be used over the coming years to support specific solutions in climate and energy transition, particularly in the Netherlands.

The funding announcement comes five years after PFZW, through its asset manager PGGM (Infrastructure), took a minority stake in SCW in 2019.

John Landman, director of PFZW, says, “SCW is showing that it is possible to find solutions to the major climate issue we face. By once again investing a significant amount, we emphasise our confidence in SCW. This investment also fits well with PFZW’s decision earlier this year to invest more in companies that make a positive impact on the energy transition. This contributes to a good pension for everyone who accrues a pension with PFZW.”

PFZW is responsible for managing the pension policy and pension assets of around 2.9 million current and former employees in the health and welfare sector. 

The pension fund oversees invested assets totalling €242.4B as of the end of March 2024.

SCW Systems: Converting organic waste to raw materials 

Based in Alkmaart, SCW Systems is on a mission to achieve maximum impact in reducing CO2 emissions.

The company has developed supercritical water gasification technology.

This technology allows for the conversion of organic residual and waste streams into sustainable energy, including the production of green gas that is integrated into Gasunie’s pipeline network.

The Dutch company has also created novel climate solutions for upgrading steel production waste and an efficient CO2 capture and sequestration technology known as Direct Air Capture storage and utilisation.

Philip Janssen, SCW Systems’ CFO says, “PFZW is a very special partner for us. They had the confidence to invest in our team at a very early stage. This new investment confirms their confidence in SCW and our mission: to contribute to global cooling.”