Smart energy company GridBeyond announced today that it has raised €52 million (USD$55 million) in a Series C financing round, with proceeds to be used to scale up its business, including the company’s international expansion. Founded in 2010, Ireland-based GridBeyond provides solutions aimed at addressing the challenges from an evolving energy mix, driven by increased levels of intermittent renewable energy…
The Science Based Targets initiative (SBTi) Board of Trustees clarified that “no changes have been made to SBTi current standards,” following a sharp internal backlash to its recent announcement of plans to update its standard for corporate net zero target setting by extending the use of environmental attribute certificates (EACs), such as emissions reduction credits, to help address Scope 3…
The majority of U.S. CEOs expect to see significant returns from their company’s sustainability investments within three to five years, and the corporate leaders continue to rank ESG as their top operational priority, even in the face of inflationary and supply chain challenges and Gen AI-related opportunities, according to a new survey released by professional services firm KPMG US. For…
Global data center provider EdgeConneX announced that it has secured $1.9 billion in sustainability-linked financing, with proceeds aimed at supporting its digital infrastructure expansion in EMEA, and with interest rates tied to the achievement of the company’s environmental sustainability goals. Founded in 2009, EdgeConneX provides data center solutions ranging from 40kW to 100MW. The company was acquired by EQT Infrastrcuture…
Electric heavy-duty truck developer Windrose Technology announced that it has raised $100 million in its Series B funding round. Founded in 2022, Windrose Technology develops zero-emissions and intelligent long-haul trucks, targeting markets including China, the U.S., and Europe. The company’s first electric long-haul truck has a range of 670 km under full load of 49 tons, and its platform uses…
International asset manager Robeco announced today plans to launch a new range of transition investing strategies over the next few months, spanning a range of asset classes and aimed at finding alpha in companies that are making sustainable transitions across all industries, including carbon-intensive sectors. According to Robeco, the launch of the new range comes as most transition investing is…
Climate technology company Arcadia announced that it has raised $50 million, with proceeds from the financing aimed at growing the company’s community solar program and supporting AI-based product innovation to enable new use cases for its energy data platform. Launched in 2014, Washington D.C.-based Arcadia provides energy data solutions aimed at enabling enables consumers, businesses and developers to access and…
This week in ESG news: SBTi to allow expanded use of carbon credits in net zero targets; Japan releases proposed sustainability reporting standards; EU adopts rules requiring new buildings to be zero emissions by 2030; Watershed launches new CSRD sustainability reporting solution; Lululemon launches first-ever product with new recycled polyester tech and captured carbon; MSCI study finds increase in Scope…