Spain-based venture capital firm Mundi Ventures announced the first close of its deep tech growth fund, raising €750 million first close toward its €1 billion target to invest in scalable technologies aimed at addressing critical societal challenges, ranging from from climate change to resilient infrastructure. According to Mundi, the fund was created to address a gap in European capital markets, with…
Fusion energy startup Avalanche Energy announced that it has raised $29 million in a new funding round, aimed at advancing the development of its compact fusion energy devices. Fusion, the process of combining two atoms to form a single atom to release energy, has been long referred to as the “Holy Grail” of clean and abundant energy production, given its…
Chrysler, Dodge, Jeep, and Citroen parent Stellantis announced today an agreement to sell its 49% stake in its Canada-based EV battery manufacturing facility, NextStar Energy to its joint venture partner LG Energy Solution. Launched by Stellantis and LG Energy Solution in 2022, NextStar was founded to establish the first large-scale domestic electric vehicle manufacturing facility in Canada, with annual production…
A Texas District Court judge has struck down the state’s “business blacklist law,” ruling that the law requiring state entities to divest from financial companies deemed to be “boycotting” fossil fuel companies was unconstitutional. Passed in 2021, the blacklist law, Senate Bill 13 (SB 13) formed part of an anti-ESG movement in Republican states – which has picked up significant…
Carbon project developer Varaha announced the launch of a Series B financing round of about $45 million, with the closing of an initial $20 million tranche, as the company looks to expand its reach and capabilities. Founded in India in 2022, Varaha specializes in nature-based solutions, with a focus on working with smallholder farmers to help remove carbon from the…
Airbus and French energy giant TotalEnergies announced the signing of two Power Purchase Agreements to supply 3.3 TWh of renewable electricity to Airbus’ major sites in Germany and the UK, aimed at reducing emissions and expanding the use of clean power across the aerospace company’s operations. Under the new agreements, Airbus will source baseload electricity from new renewable energy assets…
Continued overall inflows and capital appreciation increased the assets under management in funds classified as Article 8 and 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR) to reach more than $10 trillion at the end of 2025, although global sustainable funds saw net outflows in the year, according to a new “Sustainability Fund Update: 2025 in Review” report released…
European energy provider EnBW announced a new long-term power purchase agreement (PPA) with Google, providing the tech giant with 100 MW of energy from a new offshore wind farm project in the German North Sea. Google’s environmental targets include 2030 goals to reach net zero emissions across its operations and value chain, and its 24/7 CFE ambition, aiming to run…
U.S. federal agency The Equal Employment Opportunity Commission (EEOC) announced that has filed a subpoena in federal court against Nike, seeking information as part of an investigation into allegations that the company discriminated against white workers through its Diversity, Equity, and Inclusion (DEI) programs. According to the court filing, the agency is investigating “potential unlawful employment practices” by Nike, allegedly…
Lunar Energy, a home electrification software and hardware startup founded by former Tesla Energy head Kunal Girotra, announced that it has secured $232 million in a series of funding rounds, with proceeds aimed at scaling its solutions to power homes with clean energy. Launched by Girotra in 2020, California-based Lunar Energy constructs integrated solar and battery systems to enable homeowners…