BMW Group announced today that it plans to launch its first-ever series production hydrogen-powered fuel cell electric vehicle (FCEV) in 2028. BMW has set a goal to reduce CO2 emissions per vehicle over the full lifecycle – including supply chain, production and product use – by at least 40% by 2030, and to transition to battery electric vehicles, with a plan…
Cleantech software startup Reonic announced today that it has raised €13 million (USD$14.4 million) in a Series A financing round, with proceeds aimed at supporting its offerings to help installers deploy sustainable energy solutions across Europe. Founded in 2021 by Tristan Menzinger, Lars-Manuel Schneider, and Udo Sill, Germany-based Reonic provides solutions aimed at helping SME installers address the increasingly complex…
Business sustainability ratings provider EcoVadis announced today the acquisition of human rights technology and analytics company Ulula, with the transaction aimed at increasing its capabilities to help organizations improve human rights impact across supply chains and comply with new regulatory requirements. According to EcoVadis, the acquisition comes as companies are facing increasing pressure from new laws requiring “unprecedented levels of…
Sustainability-focused investor interest appears to have undergone a significant shift towards investments in companies enabling a ‘brown to green’ transition, as opposed to focusing primarily on already-green investments, with net inflows into transition focused funds in the EU nearly doubling those into environmental funds over the past 2 years, according to a new report by EU markets regulator the European…
Private equity firm Kohlberg announced the acquisition of a majority stake in energy efficiency, energy transition and sustainability services provider CLEAResult. Terms of the transaction were not disclosed. Founded in 2003, Austin, Texas-based CLEAResult provides services and solutions to utility, government, and commercial customers to design and implement comprehensive energy efficiency programs help reduce energy usage, costs and emissions and…
Volvo Cars announced today that it is pulling back on its goal to offer only fully electric vehicles by 2030, adding room for up to 10% of sales to include mild hybrid models and including plug-in hybrids in the rest of its mix, as well as its interim carbon emissions reduction goals, citing headwinds facing the automotive markets’ electrification transition….
California-based climate tech company CarbonCapture announced a decision to pause Project Bison, its Wyoming-based multi-megaton Direct Air Capture (DAC) carbon removal project, due to rapidly growing competition for renewable energy in the state from data center operators. Founded in 2019, CarbonCapture produces DAC machines that use solid sorbents to efficiently absorb CO2 from the atmosphere, and the company utilizes a…
France-based testing, inspection and certification services provider Bureau Veritas announced today the acquisition of renewable energy technical consultancy ArcVera Renewables, with the transaction aimed at establishing a new stronghold for Bureau Veritas in the North American renewables sector. Founded by renewable energy veterans Greg Poulos and John Bosche, Golden Colorado-based ArcVera provides finance-grade commercial and technical services for wind, solar…