Ontario Teachers’ Pension Plan (OTPP) has partnered with Alphabet Inc to form Sidewalk Infrastructure Partners (SIP), a platform for investing in and holding technology-enabled sustainable infrastructure assets.
Terms weren’t disclosed. SIP was spun out of Sidewalk Labs, the New York-based urban innovation business of Alphabet, Google‘s parent company.
SIP will focus on five verticals: advanced mobility, energy, water and waste, digital infrastructure and social infrastructure.
In each of the verticals, SIP will facilitate the application of technology, including artificial intelligence and machine learning, autonomous vehicles, energy management, cloud and data analytics, networking and cybersecurity.
Transforming infrastructure through technology with a new partnership
August 29, 2019
Ontario Teachers’ Pension Plan (“Ontario Teachers’”) is announcing it is part of a new partnership, Sidewalk Infrastructure Partners (“SIP”.) SIP is a new company that will focus on innovative, next-generation infrastructure projects and the technologies that enable them. SIP has been formed as a new spin-out company of Sidewalk Labs, the urban innovation business of Alphabet (Google’s parent company).
SIP’s experienced investment team will draw on the expertise and strengths of its relationships and partners, including its anchor partners – Alphabet, Sidewalk Labs, and Ontario Teachers’ – who will bring to the table their capital, capabilities, and commitment to delivering next-generation infrastructure.
SIP will focus on five verticals including advanced mobility, energy, water and waste, digital infrastructure and social infrastructure. In all of these verticals, SIP will facilitate the application of technology to enable sustainable, distributed and intelligent urban infrastructure, creating jobs, improving mobility, and providing more environmentally friendly infrastructure solutions.
For more information, www.sidewalkinfra.com