Renewable and circular polymer materials provider Avantium announced the spin-out of its electrochemical platform, Volta Technology, focused on converting CO2 into raw materials, into a new, independent company named Carbeau. At launch, Carbeau has raised €35.2 million (USD$40.1 million) in total funding, including €23.7 (USD$27 million) in cash from external investors and an €11.5 million (USD$13.1 million) in-kind contribution (non-cash)…
German fusion technology startup Proxima Fusion announced that it has raised €411 million (USD$468 million) in a new funding round, marking the largest-ever private investment in European fusion, with strategic investors including Google and RWE. According to Proxima CEO Francesco Sciortino, the funding round comes as Europe is competing with the U.S. and China to be the first to achieve…
UK-based renewable energy producer British Solar Renewables (BSR) announced that it has secured up to £130 million (USD$174 million) in a financing agreement with Paris-based asset manager Eiffel Investment Group, aimed at supporting investment in its renewable energy portfolio in the UK and Australia. Founded in 2010, British Solar Renewables develops, builds, owns and operates utility-scale solar, battery storage and…
Coffee retailing giant Starbucks revealed in its 2025 Impact Report that it is “actively reassessing” its 2030 value chain emissions reduction target, as it evaluates “the implications of emerging regulations, ongoing updates to relevant standards” and the impact of headwinds posing challenges to the achievement of its goal. Starbucks initially unveiled its climate goal in 2020, targeting a 50% reduction…
Deutsche Bank announced a new agreement with Lufthansa group to invest in the deployment of sustainable aviation fuel, as part of its strategy to reduce the climate impact of business travel. Under the new agreement, Deutsche Bank will invest in approximately 1,600 metric tonnes (2 million liters) of SAF. The companies said that the transaction will enable Lufthansa to reduce…
Climate tech-focused venture capital firm Climentum Capital announced the launch of Climentum Capital Fund II, its second fund aimed at supporting early-stage climate technology startups across Europe. The new fund is being launched with €60 million (USD$68.4 million) in commitments raised at the first close, with Climentum targeting a fund size of €100 million (USD$114 million). Founded in Copenhagen in…
The European Commission announced on Friday the adoption of the finalized revised European Sustainability Reporting Standards (ESRS) for companies covered by the EU’s mandatory Corporate Sustainability Reporting Directive (CSRD) and its voluntary reporting standard for smaller companies. The adoption of the new standards may form the final major step in the Commission’s initiative to simplify sustainability reporting requirements for companies…
UK bank Lloyds Banking Group and regenerative agriculture company Wildfarmed announced the launch of the new Food & Nature Resilience Fund, designed to accelerate the transition farmland in the Uk to regenerative agriculture by supporting the adoption by farmers of practices that improve biodiversity, soil health, water quality and reduce carbon. Regenerative agriculture practices are aimed at addressing the environmental…