Specialist investment manager Quinbrook has announced the final close of its second UK-focused Quinbrook Renewables Impact Fund, in which it raised £587m – exceeding its £500m target. The fund is Quinbrook’s fifth managed fund and builds on the strategy of its inaugural Renewables Impact Fund, which closed in 2023. The fund focuses on delivering the infrastructure required to support the UK’s…
OMV Secures €450 Million EIB Backing to Build One of Europe’s Largest Green Hydrogen Projects
Vienna-based integrated chemicals, fuels and energy company OMV announced today a new €450 million (USD$514 million) loan agreement with the European Investment Bank (EIB), to help fund the construction of one of the largest green hydrogen production plants in Europe. The new 140 MW plant, located in Bruck an der Leitha, is currently under construction and scheduled to commence operations…
Hephae Raises $17.8 Million for Technology Enabling Access to Deeper, Hotter Geothermal Energy
Geothermal technology startup Hephae Energy Technology announced that it has raised $17.8 million in a Series A funding round, with proceeds aimed at accelerating the commercial deployment of its ultra-high temperature robotics-based drilling technology aimed at enabling developers to access deeper and hotter rock. Founded in 2020, Houston-based Hephae develops ultra-high-temperature drilling and measurement systems designed to support enhanced geothermal…
Alpiq Acquires Battery Storage Developer Harmony Energy
Swiss electricity producer and energy services provider Alpiq announced that it is has acquired a 90% stake in renewable energy and battery storage developer Harmony Energy, with the company noting that the acquisition will establish it as one of the leading battery energy storage systems (BESS) players in Europe. Founded in 2010 by Peter Kavanagh, UK-based Harmony specializes in utility-scale…
Microsoft’s Carbon Footprint Jumps 25% as AI Buildout Challenges Climate Goals
Microsoft released its 2026 Environmental Sustainability Report, revealing a significant jump in the tech giant’s GHG footprint, with emissions rising 25% over the prior year, driven by an accelerating AI infrastructure buildout, as well as a shift in the company’s clean energy strategy away from the use of non-additional renewable energy certificates and towards the development of new carbon-free energy…
Masdar Secures Over $5 Billion for Massive 24/7 Clean Energy Project in UAE
UAE-based clean energy-focused developer Masdar announced that it has secured a $5.1 billion financing package, reaching financial close to build one of the largest solar and battery storage projects in the world, capable of delivering 1GW of continuous clean power. Described by Masdar as the world’s first gigascale 24/7 renewable energy project, the new Abu Dhabi-based RTC project will include a…