Goldman Sachs-backed risk management solutions provider LRQA announced the acquisition of supply chain monitoring and integrity solutions and services provider Omega Compliance, in a move described by the company as aimed at expanding its capabilities in responsible sourcing, traceability and supply chain transparency. Hong Kong-based Omega Compliance specializes in responsible sourcing, traceability and supply chain transparency solutions, supporting clients facing…
Lawmakers in the European Parliament voted 341 to 225 to delay methane monitoring and reporting rules for oil, gas and coal importers by three years, significantly longer than the 1-year postponement proposed by the European Commission, in a bid to ensure secure energy supply for EU economies. The vote establishes Parliament’s negotiating position on a proposal by the Commission to…
Google announced a new agreement with Voltus to fund a 1 GW virtual power plant (VPP) in the PJM grid, the largest grid region in the U.S., utilizing distributed energy devices at homes and businesses to support grid reliability and meet growing data center power demand. The announcement marks a major expansion of the companies’ current collaboration, with a 100…
Power electronics company Optivolt announced that it has raised $32 million in a Series A funding round, with proceeds aimed at advancing its platform to build an intelligence layer for solar energy, turning passive solar hardware into adaptive power systems to adapt to different conditions and maximize energy output in a real-world setting. Founded in 2017 by CEO Rohit Kalyanpur,…
The UK government announced the establishment of a new Energy Wealth Fund, focused on investing in renewable and low carbon energy projects, and funded from tax revenues from North Sea oil and gas. The new fund is being launched with an initial £2 billion, with future revenues from the North Sea oil and gas to be added into the fund…
The European Investment Bank (EIB) Group announced a new plan to deliver at least €30 billion (USD$34 billion) for climate adaptation by 2030. The new plan will double the pace of the EIB Group’s financing compared with the last five years, channeling capital to projects to help Europe adapt to heatwaves, droughts, wildfires and floods, in areas ranging from energy…
Food and beverage giants Coca-Cola, Nestlé, and Danone have committed to change recycling claims advertised on their plastic bottles following dialogue with the European Commission and the Consumer Protection Cooperation (CPC) network in the wake of a greenwashing alert issued by the European Consumer Organisation (BEUC). The alert was announced by the BEUC, alongside member organizations from 13 countries, in November…
Energy storage technology startup Peak Energy announced that it has raised $108 million in a Series B funding round, with proceeds aimed at expanding its grid-scale platform into the data center market, with the round led by General Motors Ventures. Founded in 2023, California-based Peak Energy develops passively cooled sodium-ion battery storage systems designed to reduce energy storage costs and…
The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced the release of the initial exposure draft of its proposed nature-related disclosure requirements, designed to help companies provide material information to investors about nature-related risks and opportunities in a consistent and comparable manner. As previously communicated by the ISSB, the new reporting requirements were released in the form of a non-mandatory “Practice…