Goldman Sachs Asset Management’s alternative investments platform, Goldman Sachs Alternatives, announced an agreement to acquire food supply chain-focused reusable plastic packaging and performance pooling solutions provider Tosca from private equity investor Apax Partners. Founded in 1959 and acquired by funds advised by Apax in 2017, Atlanta-based Tosca provides reusable asset pooling solutions designed to allow food producers, distributors and retailers…
Battery manufacturer Samsung SDI announced that it has agreed to acquire General Motors’ entire 49.99% stake in their SynergyCells electric vehicle (EV) battery joint venture project, with plans to shift the plant from an EV battery focus to address growing demand for broader energy storage systems. The companies initially signed an agreement in August 2024 to establish the $3.5 billion…
Enterprise ESG software company Updapt announced the launch of its new Climate Risk Management module, aimed at helping organizations identify, assess, and prioritize climate-related risks across their assets and locations. According to Updapt, the new solution comes as regulatory frameworks including TCFD-aligned disclosures, BRSR, and CSRD, increasingly require companies to systematically evaluate and report on physical and transition climate risks,…
UK bank Lloyds Banking Group announced that it has set a new target to facilitate more than £100 billion in sustainable and transition finance between 2027 and 2030. The new goal, unveiled as part of the bank’s upcoming Accelerate 2030 strategy, marks an acceleration from Lloyds’ existing sustainable finance pace, with the bank recently reporting achieving £70.9 billion in sustainable…
Energy technology and manufacturing company Form Energy announced that it has raised $750 million in a Series G funding round, with proceeds aimed at scaling the company’s production and deployment capacity for its 100-hour iron-air battery systems. Founded in 2017, Somerville, Massachusetts-based Form Energy develops and manufactures iron-air batteries designed to provide multi-day energy storage for the electric grid. The…
Guest post by: Kohei Nishiwada, Founder & CEO, ASUENE California just gave companies a three-month respite on mandatory emissions reporting. The California Air Resources Board (CARB) has framed the extension as a chance to clarify requirements before companies submit under it and has signaled it won’t penalize good-faith efforts in this first reporting year. That leniency won’t last indefinitely: CARB…
Water-tech startup Crew Carbon announced today that it has signed an offtake agreement with Microsoft for the delivery of up to 23,602 carbon removal units (CRUs) from the company’s wastewater alkalinity enhancement (WAE) technology. Launched in 2022 as a Yale University spinout, Connecticut-based Crew Carbon develops carbon removal technology that integrates into wastewater treatment facilities to accelerate mineral weathering processes…
American Airlines and low-carbon synthetic fuels provider Infinium announced the completion of the first ever commercial flight in the U.S. – from Christi Corpus to Dallas-Fort Worth – using electro-sustainable aviation fuel (eSAF), demonstrating the real-world deployment of next-generation, drop-in SAF. Founded in 2020, California-based Infinium produces synthetic fuels, or eFuels, using renewable power and waste carbon dioxide, avoiding the…
Professional services provider PwC and the Partnership for Carbon Accounting Financials (PCAF) announced a new partnership aimed at supporting banks and investors to measure and report financed emissions, with PwC becoming a global partner under PCAF’s Accredited Partner program. The PCAF is a global partnership of financial institutions, launched globally in 2019 with a mission to develop and implement a…