AI data center grid flexibility technology company Emerald AI announced that it has raised $150 million in a Series A funding round, with proceeds aimed at accelerating commercial deployment of its technology to transform AI data centers into flexible assets for the power grid. The new financing round values Emerald AI at $1.05 billion. According to Emerald AI the new…
Singapore-based environmental markets exchange Climate Impact X (CIX) and London-based carbon market platform Carbonplace announced today an agreement to merge, in a transaction described by the companies as bridging two of the world’s leading financial and carbon market hubs, backed by a group of global banks and investors. CIX was launched in 2021 through a joint venture between DBS, Singapore Exchange (SGX),…
MassMutual Ventures (MMV), the venture capital investment arm of financial services and insurance company MassMutual, announced the launch of Climate Technology Fund II (CTF II), a $150 million venture capital fund targeting early-stage companies applying climate technology and artificial intelligence to real assets. According to MMV, the new fund will focus on the intersection of several long-term trends, including the…
Energy-focused global engineering and technology company Aker Solutions announced a new agreement with Microsoft, with the companies collaborating to advance the maturity, bankability and delivery of carbon capture and storage (CCS) and carbon dioxide removal (CDR) projects globally. Under the new agreement, Aker said that it aims to engage with developers, emitters, transport and storage providers, industry stakeholders and governments…