ValueAct's Ubben says electricity grid is crown jewel, invests in Nikola Motor

ValueAct Capital founder and CEO Jeff Ubben is betting on electricity with his private investment in hydrogen-fueled truck company Nikola Motor.

div > div.group > p:first-child"> "The electricity grid is the crown jewel in the clean economy," Ubben said on Tuesday in an interview with CNBC's David Faber at 13D Monitor's Active-Passive Investor Summit in New York. The companies that can best address environmental and social goals are"where the breakout returns are over the next 20 years," Ubben added.

Ubben told Faber ValueAct had built a stake in Nikola without disclosing the amount of investment. Bloomberg first reported the investment Monday.

Welcome to the club, Jeff davidubben DavidJUrban

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Startup Nikola Bets Hydrogen Will Finally Break Through With Big RigsNikola Motor, a four-year-old Arizona startup, says it has $14 billion of orders for its futuristic truck. Now it has to build them and a coast-to-coast network of hydrogen fuel stations they'll need. elonmusk any thoughts?
Source: Forbes - 🏆 394. / 53 Read more »

Startup Nikola Bets Hydrogen Will Finally Break Through With Big RigsNikola Motor, a four-year-old Arizona startup, says it has $14 billion of orders for its futuristic truck. Now it has to build them and a coast-to-coast network of hydrogen fuel stations they'll need. Big boom with hydrogen 😬. *cough* *cough* Hindenburg *cough* *cough*
Source: Forbes - 🏆 394. / 53 Read more »