Geothermal energy project developer Fervo Energy announced a new 396 MW power purchase agreement (PPA) with Google to provide the tech giant with carbon-free energy from its Cape Station project in Utah, marking the largest enhanced geothermal PPA to date globally. As part of the new agreement, Fervo will offer Google an option to expand its offtake by approximately 600…

Aerospace startup JetZero announced that it has closed a senior secured term loan facility of up to $100 million, with proceeds aimed at advancing the development and production of the company’s blended wing aircraft program, which the company estimates will cut fuel burn and emissions by up to 50% relative to conventional tube-and-wing aircraft. Founded in 2021, California-based JetZero is…

Decarbonization-focused investment firm Aligned Climate Capital announced the launch and first close of Aligned Solar Partners 7 (ASP7), its seventh infrastructure fund focused on acquiring and developing distributed solar and energy storage projects across the U.S. The firm said that it is targeting $500 million for the new fund, more than twice the size of its most recent predecessor, ASP6,…

A coalition of 19 state Attorneys General* announced the publication of a letter to Deloitte, EY, PwC and KPMG, warning the Big 4 accounting firms of potential violations of state laws and duties of independence “by committing to push for climate-related disclosures in financial reporting.” The letter, led by the AGs of Florida, Texas, Nebraska and Alaska, noted in particular…

Energy infrastructure investment manager Copenhagen Infrastructure Partners (CIP) announced the acquisition of Gawara Baya, a hybrid onshore wind and battery energy storage project (BESS), from Australian renewable energy developer and operator Windlab. The transaction was made through Copenhagen Infrastructure V (CI V), the fifth vintage of CIP’s flagship fund series, focused on investing in new energy transition projects in low-risk…

Energy services and technology company SLB announced today an agreement to acquire energy efficient thermal management solutions provider Kelvion in a bid to expand its role in data center infrastructure. The transaction follows the acquisition of Kelvion last year by alternative investment manager Apollo, and values Kelvion at over $4 billion, with SLB agreeing to purchase the company for approximately…

Hong Kong-headquartered sustainability reporting and supply chain AI company MioTech announced a new agreement to combine with the green finance and ESG business of CCX Group, China’s largest credit ratings agency, with the companies describing the transaction as aimed at forming a premier sustainability and ESG business in Asia. According to the companies, the merger comes in response to recent…

The European Commission announced that it has adopted Greece’s €4.8 billion (USD$5.6 billion) Social Climate Plan to use the revenues from emission allowances to advance the clean transition and support vulnerable consumers and enterprises. The Greek plan is the fifth and largest to date to be approved under the EU’s Social Climate Fund, designed to support measures and investments in…

Issuance of green bonds globally reached a new record in the second quarter of 2026, hitting $193 billion in the quarter, driven by strong growth by European issuers, and lifting overall issuance of labelled sustainable bonds higher compared to the same quarter last year, according to a new report released by Moody’s. While a much smaller segment of the sustainable…

Amazon announced the signing of four new long-term power purchase agreements (PPAs) for carbon-free electricity from new wind power projects in southern and central Sweden. The company said that the new projects will add nearly 200 MW of new carbon-free energy capacity across Sweden. Once all of the projects are fully operational, Amazon will have invested in nine projects in…