Geothermal energy project developer Fervo Energy announced today that it has secured $421 million in financing to fund the construction costs of the first phase of its large-scale geothermal project in Utah. Founded in 2017, Houston, Texas-based Fervo Energy focuses on the development of enhanced geothermal systems (EGS) projects to deliver carbon-free energy. The company uses techniques such as horizontal…
Amsterdam-based global bank ING reported significant growth in its sustainable finance activity over the past year, with the bank mobilizing €166 billion in sustainable finance volume in 2025, increasing by 28% over the prior year. The result, reported in ING’s quarterly “Sustainable Finance Pulse,” surpasses ING’s target to mobilize €150 billion annually by 2027 of financing that contributes to the…
Alternative asset and private equity investor KKR announced the formation of a new strategic partnership with electric commercial vehicle manufacturer PMI Electro and its electric bus platform Allfleet India, aimed at scaling electric public transport infrastructure across India. Under the agreement, KKR will acquire a majority stake in Allfleet and a minority stake in PMI Electro, committing up to $310…
Norges Bank Investment Management (NBIM), the investment manager for Norway’s $2.1 trillion oil fund announced the release of its Nature Expectations, setting out its expectations for portfolio companies to assess, disclose and manage risks from the degradation of land, freshwater and ocean ecosystems. The new guidance forms the first set of consolidated nature expectations for NBIM, bringing together its previously…
Environmental intelligence company Earth Blox announced that it has secured £6 million (USD$8 million) in funding, aimed at expanding the company’s operations and enhancing its AI-powered analytics platform to help companies and banks assess the impact of climate and nature risk on assets, supply chains and investment decisions. Founded in 2019, Edinburgh-based Earth Blox provides tools that integrate satellite, environmental,…
The LEGO Group announced today that it plans to build an 80-acre solar park at its new $1.5 billion U.S. factory, LEGO Manufacturing Virginia, supporting the company’s ambition to source 100% renewable energy for the facility’s annual needs. Currently under construction, the new site will be LEGO’s first manufacturing facility in the U.S., spanning 340 acres and containing 13 buildings…
BNP Paribas Asset Management (BNPP AM) announced an investment in FarmCarbon, a newly established vehicle by biogas technology company Sistema.bio, aimed at deploying climate finance solutions to scale methane reduction across smallholder farming systems. Founded in 2010, Mexico-based Sistema.bio develops modular biodigesters that convert animal waste into biogas and biofertilizer, enabling farms to generate on-site renewable energy while reducing reliance…
The Platform on Sustainable Finance (PSF), an expert group mandated by the European Commission to advise it on the development of sustainable finance policies, announced the publication of its response to the European Commission’s consultation on the revised European Sustainability Reporting Standards (ESRS). While broadly supporting the revisions, which it said “contribute to a more proportionate, user-friendly, and globally interoperable…
Google announced that it has signed a new multi-year agreement with AI-powered recycling technology provider AMP Robotics to purchase 200,000 tonnes of carbon removal credits generated through a project that will avoid emissions from organic landfill waste by converting it into biochar. According to the U.S. Environmental Protection Agency, landfilled municipal solid waste is the third-largest source of human-generated methane…