Climate tech startup Aether Fuels announced that it has raised $34 million in a Series A financing round, with procceds aimed at accelerating the scale-up of the company’s sustainable fuel technology for the aviation and ocean shipping industries. Established in 2022 as a spin-out of Temasek’s deep-tech early stage investment platform Xora Innovation, Aether provides solutions aimed at improving the…
Spanish VC firm Seaya announced today that it has raised €300 million (USD$ 321 million) at the close of Andromeda climate tech fund at €300 million (USD$321 million), aimed at investing in impact-driven growth companies specializing in energy transition, decarbonization, sustainable food value chain, and circular economy. Seaya is one of few female-founded venture capital firms in Europe, launched in…
Dutch multinational banking and financial services corporation ING announced today that it has has appointed Cindy Jia as Head of Sustainable Finance for the Americas effective immediately. In her new role, based in New York, Jia will be responsible for building upon the team’s position providing tailored advisory and financing solutions to support clients’ sustainability projects and goals. She will…
Global insurance provider Zurich Insurance Group and risk capital and human capital solutions provider Aon announced the launch of a new clean hydrogen insurance facility, providing coverage for blue and green hydrogen projects with capital expenditures of up to $250 million. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly…
Energy giant Shell announced today that it has decided to pause construction on its large-scale biofuels facility in the Netherlands, citing market conditions. Shell announced its final investment decision on the Rotterdam-based facility in 2021, with anticipated capacity of 820,000 tonnes a year of biofuels production, and production initially targeted to begin in 2025, making it one of the largest…
Only around one in five of finance executives at large companies believe that they are well prepared to meet upcoming requirements to report and seek external assurance on climate-related risks and opportunities, even as the vast majority anticipate sustainability reporting requirements to increase over the next few years, and as more prepared executives are more likely to view sustainability as…