Energy developer Ørsted announced that it has received a $680 million investment in tax equity financing from J.P. Morgan, aimed at funding the construction of new solar and storage projects in Texas and Arizona. According to Ørsted, the investment marks one of the largest solar and storage tax equity transactions using a combined production tax […]
Global professional services firm Capgemini, and energy and automation digital solutions provider Schneider Electric, announced today a new collaboration, launching the Energy Command Center, a new energy management platform aimed at enabling organizations to monitor and manage the performance of energy assets across their operations, in order to lower energy consumption and support decarbonization goals. […]
Investment management firm Eurazeo announced today the launch of Eurazeo Planetary Boundaries Fund (EPBF), a new thematic impact buyout fund, aimed at investing in future leaders focused on reversing or adapting to overstepping of planetary boundaries. Eurazeo said that the new fund has a target size of at least €750 million (USD$813 million), with a […]
Textile recycling startup Syre announced today that it has raised $100 million in a Series A financing round, aimed at supporting the company’s buildout. Founded earlier this year, Syre was launched by fashion and design brands company H&M Group and impact-focused venture investor Vargas, aimed at mass producing textile-to-textile recycled materials, and enabling a closed […]
Biogas CO2-focused cleantech startup CryoCollect announced today that it has raised €4 million (USD$4.3 million), including investments from Engie New Ventures, the corporate venture fund of power company Engie, and GTT Strategic Ventures. Founded in 2017, Paris-based CryoCollect develops technologies for gas treatment, purification & liquefaction, for gases such as biomethane, carbon dioxide or hydrogen. […]
Tech Giants Google, Meta, Microsoft, and Salesforce announced today the launch of the Symbiosis Coalition, a new advance market commitment (AMC) collaboration aimed at supporting the development and growth of the nature-based carbon removal market, with a collective commitment to contract up to 20 million tons of nature-based carbon removal credits. According to the companies, […]
Industrial biotech startup Cellugy announced today that it has raised €4.9 million (USD$5.3 million) in seed funding, with proceeds aimed at scaling up the production of its bio-based solution to replace fossil-based ingredients in personal care products. Founded in 2018, Denmark-based Cellugy provides fully bio-based and biodegradable alternatives to carbon-intensive petrochemicals. The company’s platform leverages […]
European sustainable venture capital firm ETF Partners announced today that it has raised €285 million (USD$310 million) at the completion of fundraising for its fourth fund. Founded in 2006, London, England-based ETF Partners invests in technology companies, supporting entrepreneurs and innovations addressing the global challenges presented by the climate crisis and enabling significant environmental impact.
Google announced today a new partnership with energy provider Haminan Energia to recover heat from its data center in Hamina, Finland, and to provide it to the local heating network. Data centers globally are responsible a growing share of climate impact, already reaching up to 2% of the world’s carbon emissions, nearly equivalent to that […]
Building materials company Holcim announced that it has broken ground on its new GO4ZERO plant in Belgium, engineered to produce net zero cement, and supporting European decarbonization goals. Planned investment in the new plant is expected to reach over €500 million, with the facility engineered to produce 2 million tons of net zero cement annually […]
Deutsche Bank and the European Investment Bank (EIB) Group announced a new agreement to provide discounted mortgages aimed at promoting the construction of new climate-friendly homes and energy-efficiency modernizations of existing housing in Germany. Under the new program, the EIB Group will guarantee a €150 million mezzanine tranche in a consumer loan securitization with Deutsche […]
Global spirits and beer company Diageo announced plans to invest over €100 million (USD$109 million) to decarbonize its flagship Guinness brewery, St. James’s Gate in Dublin, with a goal to transform the 264-year old site into one of the world’s most efficient breweries by 2030. According to Diageo, the announcement forms part of its 10-year […]
Honda announced that it will significantly boost its investments to pursue its electrification strategy, outlining plans to invest 10 trillion yen (USD$64 billion) over the 10-year period through 2030, with a focus on launching new EV models and to build an integrated battery-focused electric vehicle value chain in its key markets. The new investment plans […]
The UK Space Agency has announced £9 million in funding for satellite instruments to monitor climate, its largest investment into an early-stage technology programme. The investment will support 12 projects delivered by the Centre for Earth Observation Instrumentation (CEOI), monitoring the Earth’s atmosphere and taking measurements of critical emissions including carbon dioxide, methane and nitrogen […]
This week in ESG news: LEGO Group ties bonuses for all employees to climate goals; EU issues final rules for funds using ‘sustainability,’ ‘ESG’ names; Microsoft signs reforestation-based carbon removal megadeal; Deloitte survey finds Gen Zs and millennials increasingly consider sustainability in consumption and employment decisions; ERM & Workiva partner on sustainability reporting solutions; EU […]
