TelstraSuper adds net zero infrastructure fund to portfolio

TelstraSuper has boosted its investment into infrastructure supporting the green energy transition, selecting Quinbrook Infrastructure Partners’ Net Zero Power Fund.

This comes after the super fund invested in a green manufacturing company, Hysata, earlier this year, as it focuses on developing cost- and resource-effective electrolysers to produce green hydrogen.

The Net Zero Power Fund invests in solar farms, battery projects, sustainable data centres and the Brisbane-based ‘supernode battery project and sustainable data centre campus’.

TelstraSuper’s Chief Investment Officer, Graeme Miller, said these investments are steps towards the fund’s goal of having at least one per cent of its portfolio committed to climate-change and net zero-related opportunities by 2025. Miller said members can expect beneficial long-term outcomes from the investments, as they support the next phase of innovation and economic change.

“We are excited to be investing in infrastructure that may assist the energy transition of the global economy. As the adoption of AI accelerates, we expect so too will the need for sustainable data centres to support the flow of data throughout the globe,” he said.

“We recognise that there are financial risks and opportunities associated with climate change, and these may have a real impact on members’ long-term investment returns. We are looking for these opportunities to allow our members to benefit from the transition to a lower carbon economy.

“As the technology evolves, so do the opportunities for investment. We are delighted to support projects that may have a real impact on addressing climate challenges, whilst also offering strong potential long-term returns.”