The European Commission announced that it has approved a €23 billion state aid program by Italy to support the deployment of renewable electricity generation, aimed at accelerating the country’s energy transition and helping meet EU renewable energy targets. The program will support the construction of installations that generate electricity using onshore wind, solar power, hydropower, and sewage gas, which are…
Guest post: Novata’s Co-Founder and Co-CEO, Josh Green, examines the issues driving the 2026 election…and what they reveal about ESG’s enduring relevance. At Novata, we work with hundreds of investment firms and thousands of companies on sustainability and the risks formerly known as ESG. Over the last couple of years, we watched the acronym ESG take a beating. It was…
Environmental sustainability reporting platform CDP announced the expansion of its disclosure system to incorporate ocean data, enabling companies reporting on the platform to provide information on their exposure to ocean-related risks and opportunities. CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organization’s performance in key environmental sustainability areas including climate, forests, water security,…
Investment giant BlackRock announced today the appointment of Louise Kooy-Henckel as Global Head of Sustainable and Transition Solutions, responsible for leading the firm’s efforts in sustainable and transition investing. Kooy-Henckel takes on her new position after joining BlackRock as EMEA Head of Sustainable and Transition Solutions in early 2025. Prior to joining BlackRock, Kooy-Henckel served as Managing Director and Investment…
Alphabet-owned autonomous driving technology company Waymo and energy storage developer B2U Storage Solutions announced a new partnership to repurpose retired electric vehicle (EV) batteries from Waymo’s fleet into battery energy storage systems (BESS). EV batteries are often the longest-lasting component of a vehicle, designed to operate for hundreds of thousands of miles and, in many cases, remain functional even after…
Energy optimization software startup Companion.energy announced today that it has raised €7.8 million (USD$9 million) in a seed funding round, with proceeds aimed at enhancing and expanding its platform enabling large industrial and commercial enterprises to manage energy as renewable penetration and industrial electrification advance. Founded in 2022 by Thomas Vyncke and Jonas Verstraeten, Companion.energy provides solutions aimed at providing…
Canada-based carbon removal project developer Deep Sky announced today a new 10-year carbon dioxide removal (CDR) offtake agreement with TD Bank Group, providing for the purchase of more than 18,000 CDR credits from Deep Sky’s direct air capture (DAC) facilities. The companies said that the deal will support the development of permanent carbon removal infrastructure in Canada while strengthening the…