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…