Royal London has finalised its acquisition of UK-based infrastructure manager Dalmore Capital. Dalmore manages £6bn assets, which aim to deliver essential UK infrastructure while supporting the transition to a more sustainable economy. Royal London said the deal highlights the firm’s ambition to grow its private assets capabilities and respond to the increasing demand for access to real assets. While ownership has…
Crusoe, Blue Energy to Build First-Ever Gas-to-Nuclear Powered Data Center Project
AI infrastructure provider Crusoe and modular nuclear power plant company Blue Energy announced the launch of a new partnership aimed at developing and operating a 1.5 GW nuclear-powered data center campus at the Port of Victoria in South Texas. In order to support the rapid buildout of the campus, the new project will see Blue Energy deliver the world’s first…
MUFG, GCF-backed Climate Adaptation Blended Finance Fund Raises $600 Million
The GAIA Climate Loan Fund, co-founded by MUFG Bank, FinDev Canada and the Green Climate Fund, announced that it has raised $600 million in commitments at its first close, with proceeds to be used to fund loans primarily for climate adaptation projects in climate-vulnerable markets. The new fund is managed by climate-focused blended finance investment manager Climate Fund Managers (CFM)…
Heineken Signs Deal to Decarbonize Brewery Using Renewable-Powered Heat Battery
Heineken, energy producer EDP and industrial heat solutions provider Rondo Energy announced a new “Heat-as-a-Service” agreement, which will see the companies install a renewable energy-powered heat battery to help decarbonize Heineken’s Vialonga Brewery and Malting Plant near Lisbon. Founded in 2020, California-based Rondo Energy provides solutions to address emissions from industrial heat processes. Industrial heating uses high amounts of energy,…
EU Invests $3.3 Billion to Accelerate New Net Zero Technology Projects
The European Commission today announced the selection of 61 net zero-focused technology projects to receive €2.9 billion (USD$3.3 billion) of funding, utilizing funds raised through its EU Emissions Trading System (EU ETS). According to the Commission, the new projects, spanning 19 industrial sectors and 18 countries, will enable 221 million tonnes of CO2e reduction in just their first decade of…
State Street Pulls Out of Net Zero Investor Group in U.S., Stays in Europe
State Street Investment Management, one of the world’s largest investment managers, announced a significant change in its signatory status with climate-focused investment coalition the Net Zero Asset Managers (NZAM) initiative, pulling out its U.S. business from the group, with only its Europe and UK businesses remaining. The move by State Street highlights the growing challenge facing global asset managers in dealing…
ESG Today: Week in Review
This week in ESG news: UK to regulate ESG ratings providers; Exxon sues California to stop new climate reporting laws; $2 trillion wealth fund to increase climate engagements with portfolio companies; Net Zero Asset Managers initiative returns, but erases 2050 climate commitment; TotalEnergies pushes back against greenwashing accusations; ISSB to address global fragmentation of sustainability reporting standards; Microsoft signs deal…