Clean energy developer and operator Clearway announced a new long-term power purchase agreement with Microsoft, providing the tech giant with 335 MW of energy from its Mount Storm wind farm project in West Virginia. Clearway acquired the Mount Storm wind farm in 2021, and is currently undergoing a project to repower the facility. The $735 million repowering project includes increasing…
“Nothing in our rules, including those related to sustainability, prevents investment or finance for defence companies.” That was the clear message from the UK’s Financial Conduct Authority earlier this year, following similar guidance from the European Commission last October. The implication is straightforward: from a regulatory standpoint, defence is not off-limits to ESG funds. However, for fund managers, the question…
They’re already doing factory and warehouse work, and 20 of them even raced in a half marathon in Beijing last week. Humanoid robots are here, and soon they could be farming our food and looking after our elderly parents. The US and China are vying to be the leaders in ‘embodied AI’, and start-ups and tech giants are investing huge…
Climate change is already threatening lives and livelihoods, with negative impacts on communities, businesses and the UK’s economic outlook only set to grow, according to the latest report published by the Climate Change Committee (CCC). The report, which assesses the extent to which the UK’s Third National Adaptation Programme (NAP3) and its implementation are preparing the UK for climate change,…
Cleantech startup Remora announced that it is expanding its solution to capture carbon from vehicles and share revenues from the sale of the captured CO2 to the rail industry, with partnerships in place with companies including Union Pacific Railroad and Norfolk Southern. Founded in 2020, Detroit-based Remora provides a solution to capture C02 from vehicle exhaust. Initially focused on semi-trucks,…
ESG-focused software analytics platform provider Datamaran announced the launch of DMA Evaluate, a new tool aimed at enabling companies to continuously update their double materiality assessment to ensure ongoing regulatory compliance and risk management. “Double materiality” is one of the hallmark new approaches introduced by the EU’s Corporate Sustainability Reporting Directive (CSRD), requiring reporting both on the risks and impact…
Chemical recycling startup DePoly has raised $23 million with proceeds to be used to support the scaling of its technology to tackle hard-to-recycle plastics. Founded in 2020 by co-founders CEO Samantha Anderson, CTO Bardiya Valizadeh, and CSO Christopher Ireland, DePoly offers a solution to break down plastic and textile waste for use as building blocks for new, high-quality PET and…
New York-based alternative investment firm Stonepeak announced that it acquired a 46.3% stake in a U.S. solar and storage portfolio from Spanish energy company Respol for $340 million. The portfolio include 777 MW of operating solar and storage facilities in New Mexico and Texas, and the transaction values the portfolio at approximately $795 million, including $60 million in previously raised…
London-based sustainable infrastructure investment firm Pioneer Point Partners announced that it has raised over €1.1 billion (USD$1.2 billion) for its second sustainable institutional fund, Pioneer Infrastructure Partners II. The firm noted strong demand for the sustainable infrastructure-focused fund, with fundraising reached only twelve months following launch, and significantly exceeding its initial €800 million target. The fund is classified as Article…