Global professional services firm Deloitte announced the launch of Sustainability Fusion, a new framework and toolset aimed at enabling companies to measure and communicate the financial value of sustainability investments. According to Deloitte, the new solution comes as many organizations face a challenge in fully aligning their sustainability goals with financial performance, and often need a clearer way to translate environmental…
Simulation software provider Gridcog announced today that is has raised $10 million in a Series A funding round, with proceeds from the financing aimed at scaling its energy flexibility monitoring platform, enabling a more complex set of energy sources to be integrated into the grid. According to the company, the funding comes as energy projects have become significantly more complicated…
Korea’s Financial Services Commission (FSC) announced the release of its finalized roadmap for sustainability (ESG) disclosure, significantly expanding the number of companies that will be required to provide ISSB-aligned sustainability reporting compared to its initial plan. According to the FSC, the decision to increase the number of companies under its mandatory sustainability reporting regime followed requests from institutional investors to…
The European Commission announced that it has approved a €63 billion state aid program by France to support the construction of offshore wind projects over 25 years, aimed at contributing towards the transition towards a net zero economy and aligning with the objectives of the EU’s Clean Industrial Deal. The French program will support the construction and operation of eleven…
Shell and India-based industrial conglomerate Aditya Birla Group’s clean energy solutions subsidiary Aditya Birla Renewables (ABREN) announced an agreement for ABREN to acquire renewable energy platform Sprng Energy, marking one of the largest acquisitions in India’s clean energy sector by both value and scale. The deal values Sprng at $1.8 billion, and includes a portfolio of 5 GW of capacity, representing…
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…
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…
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…