GlassPoint announced that it has raised $20 million in a funding round led by N.I.S. New Investment Solutions, with participation from returning investor MIG Capital, as the cleantech company looks to advance large-scale solar industrial heat projects in the US and beyond. Industrial heating uses high amounts of energy, often from fossil fuel-based sources, in order to transform materials into…
Sustainability and RegTech software provider Diginex announced the appointment of Lubomila Jordanova, founder and CEO of its recently acquired carbon accounting platform Plan A, as its new Chief Executive Officer. According to Diginex, the new appointment forms part of its strategy to build a top 5 sustainability and RegTech platform, with the company aiming to accelerate strategic acquisitions and drive…
Climate-tech startup Carbonaide announced that it has raised €3.7 million (USD$4.4 million) in a new funding round, with the proceeds aimed at accelerating its solution to produce carbon-negative concrete. Building materials are a key source of global greenhouse gas emissions. Cement production, an ingredient in concrete, accounts for approximately 8% of global carbon dioxide emissions, with over 900 kg of…
U.S.-based energy storage and battery materials provider Redwood Materials announced that the final close of its Series E financing, bringing total capital raised in the round to $425 million. The final close significantly expands the Series E for the company, which announced in October that it had reached $350 million. Redwood Materials said that the increase was driven by “strong…
France-based testing, inspection and certification services provider Bureau Veritas announced the acquisition of fashion and luxury sector-focused Italian sustainability consulting firm SPIN360. Founded in 2009, Milan-based SPIN360 provides companies with strategies, data-driven tools and processes aimed at enabling them to enhance environmental and social responsibility and to support sustainable innovation. The company’s technical advisory services cover areas including Life Cycle…
The Net Zero Financial Service Providers Alliance (NZFSPA), a coalition of stock exchanges, research & data providers, index providers and auditors designed to help the financial sector to advance net zero commitments, announced today that it would no longer function as a standalone initiative, marking the latest in a series of net zero financial services groups to significantly reorganize or…
The United States has officially exited the Paris Agreement, the landmark 194-nation (formerly 195) pact aimed committing countries to set national climate targets aimed at limiting global warming, with the U.S. notification of withdrawal formally taking effect on Wednesday. The milestone makes the U.S. the only country to have left the Paris Agreement, and marks the second time that President…