The U.S. Federal Trade Commission (FTC) announced that it has closed an investigation into truck and engine manufacturers including Volvo Group, Daimler Truck, International Motors, and PACCAR, after receiving commitments from the companies that they will not enforce an agreement with the California Air Resources Board (CARB) aimed at reducing greenhouse gas emissions in the heavy-duty trucking sector. The truck…
Marine transportation company Seaspan’s subsidiary Seaspan Energy and climate solutions provider Anew Climate announced a new strategic agreement aimed at offering a more sustainable fuel option for ship owners through the offer delivery of renewable liquefied natural gas (R-LNG) to customers on the North American West Coast. Renewable natural gas (RNG), or biomethane, is produced from organic waste, such as…
HVAC and climate control solutions company Trane Technologies announced the launch of the BrainBox AI Lab, a new initiative aimed at advancing AI and HVAC technologies to improve energy management and sustainability in buildings. The new initiative follows Trane’s acquisition last year of BrainBox AI, the developer of an AI and cloud-based building systems optimization tool aimed at helping building…
Climate tech startup Equatic announced that it has raised $11.6 million in a Series A funding round, with proceeds from the financing aimed at scaling up its seawater electrolysis technology enabling carbon removal and green hydrogen production. Founded in 2021, California-based Equatic has developed an electrolytic process for atmospheric carbon removal that accelerates the ocean’s ability to absorb and permanently…
Financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) announced the expansion of its climate risk platform with the addition of physical and transition risk data for over five million private companies globally. The expanded offering will integrate ICE’s geospatial intelligence platform and climate risk models with business data and analytics provider Dun & Bradstreet’s global data…