KLM and electric aviation solutions startup ZeroAvia announced plans for a zero-emissions demonstration flight using hydrogen-electric engines powered by liquid hydrogen. The test flight plans come as a series of initiatives are underway to target rapid aviation sector decarbonization, such as electrified propulsion or sustainable aviation fuel (SAF). Hydrogen, however, is viewed by some in […]
Global truck manufacturer Daimler Truck announced today the launch of the initial customer trials of its hydrogen fuel cell-powered Mercedes-Benz GenH2 Trucks by five customers including Air Products, Amazon, Holcim, INEOS and Wiedmann & Winz. The launch of the new trucks follows a commitment set by Daimler Truck in 2020 to significantly invest in hydrogen […]
ESG advisory firm Longevity Partners announced today the launch of Decarbonization Dashboard, a new tool aimed at enabling commercial real estate professionals and asset managers to track emissions and outline decarbonization pathways for real estate portfolios. The real estate sector has one of the largest sectoral carbon footprints, responsible for about 40% of global greenhouse […]
Battery technology startup Addionics announced that it has raised $39 million in a Series B funding round co-led by GM Ventures and Deep Insight, with proceeds to be used to support the growth and expansion of its solution enabling cheaper, lighter, faster-charging, and more conductive batteries. Founded in 2018, Israel, UK and U.S.-based Addionics provides […]
Energy infrastructure software startup Paces announced today that it has raised $11 million in a Series A funding round, aimed accelerating the deployment of grid-connected clean energy infrastructure projects. Founded in 2022, New York-based Paces provides software solutions for clean energy infrastructure developers to identify the best places to build and manage their projects, providing […]
TotalEnergies announced today the acquisition of a 50% stake in OranjeWind, a 795 MW offshore wind farm under development in the Netherlands, from German power producer RWE, with TotalEnergies’ share of the project’s renewable energy to be used to power electrolyzer projects for the production of green hydrogen. According to TotalEnergies, the transaction forms part […]
Aerospace giant Airbus announced today an investment in sustainable aviation fuel (SAF) technology and production company LanzaJet, forming part of part of LanzaJet’s current $100 million growth equity funding round, aimed at enabling the company to continue scaling its ethanol-to-SAF technology. The announcement marks the latest in a series of investments in the LanzaJet, including […]
44.01, a tech firm named after the molecular weight of carbon dioxide, attracted investors including climate investment leaders, geological carbon storage experts and technology developers.
Digital twin data platform Akila and global professional services firm Deloitte announced today a new strategic alliance to decarbonization-focused software solutions for U.S. clients, aimed at enabling reduced emissions, optimized energy consumption and enhanced efficiencies in the operations of buildings. Founded in 2021 to focus on helping organizations decarbonize their operations, Akila offers technology enabling […]
Newly appointed UK Secretary of State for Transport Louise Haigh announced in a statement to Parliament that the new government intends to move forward with an SAF mandate, requiring the introduction of sustainable aviation fuel (SAF) in the UK’s jet fuel mix, starting at 2% in 2025, and ramping up to 22% by 2040. Fuel […]
Climate solutions startup Cowboy Clean Fuels (CCF) announced that it has raised approximately $13 million at the closing of a Series B equity financing round, with proceeds aimed at commercializing its solution to simultaneously produce clean fuel and remove CO2. Founded in 2020, Colorado-based CCF provides technology offering both geologic carbon removal & sequestration and […]
Climate-tech startup CarbonBlue announced that it has raised $10 million in a seed funding round, with proceeds to be used to scale up and deploy its water-based Carbon Dioxide Removal (CDR) technology. Founded in 2022 in Israel, CarbonBlue provides technology to turn any water-based infrastructure into a CDR facility by removing CO2 from water, enabling […]
Most companies and investors are not yet measuring and targeting reductions in Scope 3 value chain emissions, leading to significant overlooked and unreported financial risks in their supply chains, according to a new report released by Boston Consulting Group and environmental disclosure system CDP. For the report, “Scope 3 Upstream: Big Challenges, Simple Remedies,” CDP […]
New research conducted by Oxford Risk, a behavioural finance firm, and ESG data provider Impact Cubed, has found that 13 out of the 17 UN SDGs are significantly underrepresented in the investment marketplace, highlighting a misalignment between providers and retail investors.
Logistics giant DHL and green technology provider Envision Group announced today a new partnership aimed at advancing sustainability innovations in logistics and energy, with a particular focus on sustainable aviation fuel. Founded in 2007, Shanghai-based Envision provides renewable energy system solutions for global enterprises, governments and institutions, with a focus on areas including smart wind […]
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