Less than half of companies required to report under the EU’s new Corporate Sustainability Reporting Directive (CSRD) in the upcoming year are “fully confident” in their ability to meet their sustainability reporting obligations, according to a new survey released by professional services firm PwC, even as most expect CSRD reporting to have a material impact on their companies, in areas…
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French energy giant TotalEnergies announced on Wednesday an agreement to acquire Germany-based renewable energy project developer VSB Group from global private markets investor Partners Group for total consideration of €1.57 billion (USD$1.7 billion). Founded in 1996, Dresden-headquartered VSB develops wind and solar energy projects across Europe. The company has grown to over 500 employees, with more than 475 MW of…
Philadelphia-based ConnectDER announced that it has raised $35 million in a Series D funding round to expand the market and innovation for its at-home electric vehicle charging and solar panel connection technology. The round was led by by BlackRock and Temasek’s decarbonization-focused fund, Decarbonization Partners. Founded in 2011, ConnectDER provides technology enabling households to install solar panels and chargers for…
Normative, which provides a carbon accounting platform that enables companies to track their carbon footprint through mapping their business activities, announced the appointment of Sebastien Blanc as its new CEO. Blanc takes on the role from Kristian Rönn, who has served as CEO of Normative since co-founding the company in 2014. In a social media post announcing the new appointment,…
Carbon removal technology provider Heirloom announced today that it has raised $150 million in Series B funding, with proceeds from the financing aimed at supporting the rapid scaling of commercial Direct Air Capture (DAC) technology. DAC technology is listed by the IEA as a key carbon removal option in the transition to a net-zero energy system. According to an Intergovernmental…