Abdul Latif Jameel Energy’s FRV-X invests $10.5m in Australia’s Evergen

RIYADH: Abdul Latif Jameel Energy’s renewable business Fotowatio Renewable Ventures, also known as FRV-X, has invested $10.5 million in energy software company Evergen.

The investment is the Australian company’s largest to date and will be used to expand the business in its home market, as well as across the Middle East region and the rest of the world.