Even the Luddites among us have to concede that AI is changing the way we work. Across the economy there’ll be obvious winners and losers from the rise of machine learning, but the vast majority of businesses will be able to benefit in some way from the efficiencies that AI can bring. As investors incorporate these new considerations into their…
Trane Launches AI Lab to Advance Building Energy Management and Sustainability Solutions
HVAC and climate control solutions company Trane Technologies announced the launch of the BrainBox AI Lab, a new initiative aimed at advancing AI and HVAC technologies to improve energy management and sustainability in buildings. The new initiative follows Trane’s acquisition last year of BrainBox AI, the developer of an AI and cloud-based building systems optimization tool aimed at helping building…
Equatic Raises $11.6 Million to Remove Carbon, Produce Green Hydrogen with Seawater
Climate tech startup Equatic announced that it has raised $11.6 million in a Series A funding round, with proceeds from the financing aimed at scaling up its seawater electrolysis technology enabling carbon removal and green hydrogen production. Founded in 2021, California-based Equatic has developed an electrolytic process for atmospheric carbon removal that accelerates the ocean’s ability to absorb and permanently…
ICE Launches Climate Data and Analytics Solution for Private Companies
Financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) announced the expansion of its climate risk platform with the addition of physical and transition risk data for over five million private companies globally. The expanded offering will integrate ICE’s geospatial intelligence platform and climate risk models with business data and analytics provider Dun & Bradstreet’s global data…
Only 38% of Employees Believe Companies are Doing Enough on Climate Change, Sustainability: Deloitte Survey
The proportion of employees who believe that their employers are doing enough to address climate change and sustainability has dropped to around 38% over the past few years, according to a new survey released by global professional services firm Deloitte, which also found that climate and sustainability considerations impact individual’s choices in areas ranging from investing and purchasing to employment…
Guest Post: Political Uncertainty and Polarization Are Heating Up the Risk of a Disorderly Sustainability Transition
By: Simon Weaver, Global Head of ESG Advisory at KPMG International The global push for sustainability is facing a critical moment in history. Shifting political landscapes and pervasive uncertainty is significantly escalating the risk of a disorderly transition towards a sustainable future. In recent months we’ve witnessed a flurry of regulatory activity, from the EU omnibus announcement to new ISSB-aligned…
IKEA’s Ingka Invests in Chinese Plastic Recycler Re-mall
Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, announced a growth capital injection in China-based recycler of post-consumer packaging waste Re-mall. The investment marks Ingka Investments’ first in China within its circular investment portfolio, which targets companies developing technology or capacity to prevent waste or supply recycled materials. Ingka Group launched Circular Investments in 2017, to…
AWS Signs Renewable Energy Purchase Deal in India with Gentari
Amazon Web Services (AWS) and Malaysian clean energy solutions provider Gentari announced that they have signed a new Power Purchase Agreement (PPA), supporting a new 80 MW wind power project in Tamil Nadu, India. The new wind project is anticipated to begin operations in mid-2027, and to generate approximately 300,000 MWh of renewable energy annually. Amazon set a clean energy…
Heat Pump Startup Aira Raises $174 Million to Decarbonize Residential Heating
Heat pump startup Aira announced today that it has raised €150 million (USD$174 million) in a new equity financing, with proceeds aimed at supporting the expansion of its operations and product portfolio to help electrify and decarbonize residential heating. Heat pumps are rapidly emerging as a key energy efficient and climate-friendly alternative to furnaces and air conditioners, producing fewer greenhouse…