Energy services and technology company SLB announced today an agreement to acquire energy efficient thermal management solutions provider Kelvion in a bid to expand its role in data center infrastructure. The transaction follows the acquisition of Kelvion last year by alternative investment manager Apollo, and values Kelvion at over $4 billion, with SLB agreeing to purchase the company for approximately…
Hong Kong-headquartered sustainability reporting and supply chain AI company MioTech announced a new agreement to combine with the green finance and ESG business of CCX Group, China’s largest credit ratings agency, with the companies describing the transaction as aimed at forming a premier sustainability and ESG business in Asia. According to the companies, the merger comes in response to recent…
The European Commission announced that it has adopted Greece’s €4.8 billion (USD$5.6 billion) Social Climate Plan to use the revenues from emission allowances to advance the clean transition and support vulnerable consumers and enterprises. The Greek plan is the fifth and largest to date to be approved under the EU’s Social Climate Fund, designed to support measures and investments in…
Issuance of green bonds globally reached a new record in the second quarter of 2026, hitting $193 billion in the quarter, driven by strong growth by European issuers, and lifting overall issuance of labelled sustainable bonds higher compared to the same quarter last year, according to a new report released by Moody’s. While a much smaller segment of the sustainable…
Amazon announced the signing of four new long-term power purchase agreements (PPAs) for carbon-free electricity from new wind power projects in southern and central Sweden. The company said that the new projects will add nearly 200 MW of new carbon-free energy capacity across Sweden. Once all of the projects are fully operational, Amazon will have invested in nine projects in…
Global investment manager Nuveen and its sustainable commercial real estate financing solutions business Nuveen Green Capital (NGC), announced that it has raised over $1 billion in capital commitments at the first close of Nuveen CPACE Lending Fund IV, providing investors with access to exposure to the C-PACE asset class, which funds capital improvements that make commercial buildings more energy efficient,…
The U.S. Department of Justice (DOJ) announced that it has reached a settlement with Deloitte, with the global professional services firm agreeing to pay $21.5 million to settle allegations that it discriminated against employees and applicants on the basis of their race or sex through the use of DEI-related goals in its hiring, promotions and staffing decisions. The allegations formed…
Energy storage technology company Certain Energy announced today that it has raised £10 million (USD$13.6 million) in a Series A funding round, with proceeds aimed at supporting the deployment of its long-duration, low cost solution to store energy to help stabilize grids and provide power during periods of low renewables production. Founded in 2017 as a spin-off from Imperial College,…
Health technology company Philips announced the pricing of its new €650 million green bond offering, he first by the company – and in the healthcare industry – to be issued under the EU’s European Green Bond (EuGB) standard. Adopted by the EU in November 2023, the EuGB regulation was launched by the European Commission to establish a “gold standard” for green bonds, in…