Danish biofuel startup Kvasir Technologies announced today that it has raised €10 million (USD$11.1 million) in a Series A funding round, with proceeds from the financing to be used to accelerate the commercialization its climate-neutral marine fuel technology. Alongside the financing, Kvasir announced a new strategic partnership with European Energy, who joined as a new investor in the round, to…

Three of Europe’s largest steelmakers, ArcelorMittal Europe, thyssenkrupp Steel, and voestalpine, announced the publication of an open letter calling on European lawmakers to pause increasing carbon pricing under the EU Emissions Trading System (ETS), warning that the current trajectory of the scheme “risks destroying Europe’s industrial base.” While the companies – which collectively account for approximately 60% of Europe’s integrated…

Climate technology startup Vertoro announced today that it has secured €17 million (USD$19.7 million) in its first Series B funding round, with proceeds from the financing to be used to scale the company’s technology that converts plant-based waste into renewable oil for the production of low-carbon fuels and chemicals. Founded in 2017, Netherlands-based Vertoro develops technology to convert lignin—one of the…

Biofuels producer EcoCeres announced a new multi-year sustainable aviation fuel (SAF) transaction with British Airways, extending its current deal to supply the airline with SAF produced from waste-based biomass feedstock through 2030. According to EcoCeres, the extended agreement will enable British Airways to reduce fuel lifecycle carbon emissions by approximately 198,000 metric tonnes compared with conventional jet fuel, equivalent to…

Carbon removal advanced market commitment (AMC) coalition Frontier announced that it has doubled its funding, raising an additional $915 million from corporate buyers including Stripe, Google, Shopify, Salesforce, H&M Group, and Anthropic. Launched in 2022 with $925 million in commitments by tech companies Stripe, Alphabet, Shopify and Meta and global management consulting firm McKinsey, Frontier is an advance market commitment…

Snacking, food, and pet care products provider Mars announced a new sustainability milestone, reaching 100% renewable electricity for its U.S. operations, including factories, offices and veterinary hospitals. Mars announced the renewable energy achievement alongside the release of its 2025 sustainability report, which also revealed that the company surpassed its 2025 Scope 1 and 2 emissions goal, but missed its Scope…

Global energy and electricity provider Iberdrola announced today that it has raised €1.5 billion (USD$1.7 billion) through a European senior green bond issuance, with proceeds to be used to finance investments in electricity grids across several countries where the company operates, as well as renewable energy projects. The transaction attracted strong investor interest, drawing participation from more than 330 qualified…

The International Organization for Standardization (ISO) announced on Wednesday the release of its long-awaited draft ISO Net Zero Aligned Organizations Standard (ISO 14060), its first global standard designed to support companies in developing credible and comprehensive net zero transition plans. The new standard sets out principles and requirements for companies and other organizations to develop, implement and communicate a net…

Business and financial markets information service provider Bloomberg announced today the expansion of its climate and transition analytics solutions suite, Transit Toolkit, with new capabilities designed to portfolio managers identify, assess, and manage transition risks and opportunities across their investment and risk management processes. According to Bloomberg, the new capabilities come as global energy transition investment reached a record $2.3…

Logistics giant DHL Group announced plans to strengthen its capabilities and presence in the New Energy sector, focused on serving the value chain in areas related to electrification and the energy transition. Citing strong customer demand for its services in the sector, and noting the backdrop of fossil fuel supply disruptions, DHL said that it sees an opportunity to grow…