# Invest in what comes next.

**INNOVATION** · [https://nwxinvest.com/strategies/innovation](https://nwxinvest.com/strategies/innovation)

> Utility-scale solar infrastructure today, and a venture strategy in formation for AI-first companies: exposure to long-term demand, underwritten project by project.

## Portfolio role

Long-horizon exposure to structural demand, from energy infrastructure to AI-first companies.

## What we examine

Long-term demand, counterparties and contracts, technology and execution risk, capital structure and exit paths.

## Principal risks

Technology and execution risk, development and construction risk, regulatory change, illiquidity, concentration and possible loss of principal.