BlackRock announced a collaboration with impact investing specialist Phenix Capital Group’s advisory arm PCG Impact, on a new offering aimed at helping institutional investors to build and manage impact portfolios that seek to generate sustainable outcomes alongside financial returns. According to BlackRock, the new offering comes as client demand for impact investing continues to grow, with many institutional investors seeking…

Global mining and metals company Rio Tinto announced today that it has signed a five-year offtake agreement with renewable biomass charcoal company SuperChar for the supply of locally produced bio pellets to assess its use as a replacement for coal at its alumina refineries in Gladstone, Australia, with deliveries targeted to commence in 2028. Rio Tinto is one of the…

Tokyo-based sustainability solutions provider Asuene announced today the acquisition of supply chain carbon management platform Secaro for approximately $37 million, in a deal described by Asuene as aimed at expanding its presence in the UK, European and US markets as global pressure mounts on manufacturers to measure and disclose emissions in their supply chains. Launched in 2018 as Manufacture 2030,…

Tokyo-based sustainability solutions platform Asuene announced that it has raised $87 million in a Series D funding round led by BlackRock and Temasek’ joint venture, Decarbonization Partners, with proceeds from the financing aimed at supporting the company’s position as a “serial acquirer” as it expands across the U.S., UK and EU sustainability disclosure markets. Founded in 2019, Asuene provides companies…

Brookfield Asset Management announced today an agreement to acquire Aypa Power, the largest standalone battery storage developer in North America, from Blackstone, in a deal valuing the company at an enterprise valuation of $7 billion. Founded in 2017, Aypa Power develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects that assist in the decarbonization of the grid. The…

Renewable energy-focused independent power producer (IPP) MN8 announced today an agreement to acquire IPP Greenbacker Renewable Energy, in a transaction that would create a combined entity ranked as one of the largest clean power platforms in the U.S., with more than 6 GW of operating and under construction capacity across 33 states. Under the terms of the agreement, MN8 will acquire Greenbacker in a cash-and-equity transaction…

Industrial technology company Eurodia Industrie announced that it has raised €18 million ($20 million) through an investment from Starquest Capital and Yotta Capital Partners, with proceeds aimed at accelerating the company’s international expansion and support the scale-up of its industrial decarbonization projects in areas including resource efficiency, electrifying chemical processes, and CO2 capture. Founded in 1988, France-based Eurodia designs and…

Global energy and electricity provider Iberdrola announced the acquisition of an 80% stake in Caruna, the largest electricity distribution company in Finland, in a deal valuing the company at an enterprise valuation of €5 billion. The transaction marks Iberdrola’s entry into Finland, and follows the launch by the Spain-based energy giant last year of electrification-focused plans to invest €58 billion…

India-based venture capital investor Transition VC announced the launch of Fund II, its second fund focused on investing in engineering-led companies across energy transition value chain and adjacent deep tech areas. Transition VC said that it is targeting INR 15 billion (USD$155 million) for Fund II, more than double the capital raised for its inaugural fund, which closed at INR…

Swiss wealth and asset management firm Pictet announced that its alternative investment unit Pictet Alternative Advisors has raised $253 million at the final close of Environment Co-Investment Fund I, the company’s first dedicated environment co-investment vehicle targeting investments in companies providing solutions in areas ranging from greenhouse gas reduction to pollution control and the circular economy. The fund closed well…