Institutional investors look to address increasing misalignment with asset managers and remedy issues identified in 2023 stewardship review. A newly released climate stewardship statement supported by 26 large asset owners has presented five principles-based expectations of asset managers, seeking to clarify investor demands. The statement looks to catalyse constructive conversations between asset owners and asset managers and embed efficiencies into…
Hydrostor Raises $200 Million to Store Energy Using Compressed Air Technology
Long-duration energy storage solution provider Hydrostor announced that it has secured $200 million in financing, with proceeds supporting the development of its projects to supplement intermittent renewable energy through its Advanced Compressed Air Energy Storage (A-CAES) technology. The new investment includes a $150 million convertible note financing commitment from investors including Canada Growth Fund CGF, and returning investors Goldman Sachs…
Ramboll, IBM Partner to Offer Sustainability Strategy and Reporting Solutions
Denmark-based architecture, engineering and consultancy firm Ramboll and IBM announced today a new collaboration aimed at offering clients with software and services to help meet sustainability targets and report on value chain greenhouse gas emissions. According to the companies, the new collaboration will bring together Ramboll’s sustainability consulting capabilities with IBM’s ESG data collection, analysis and reporting platform, IBM Envizi,…
ACCURE Raises $16 Million to Scale AI-based Platform to Make Batteries Safer and More Reliable
Battery tech startup ACCURE Battery Intelligence announced that it has raised $16 million in a Series B funding round, with proceeds aimed at scaling its predictive analytics software solution to make batteries safer, more reliable and more sustainable. Established in 2020, Germany-based ACCURE offers an AI-based battery safety and performance software platform. The platform monitors batteries, identifies potential issues, such…
Greenly Launches CBAM Solution to Help Identify Low Carbon Suppliers, Reduce Supply Chain Emissions
Carbon accounting and management startup Greenly announced the launch of its new CBAM solution, aimed at enabling companies to comply with the Carbon Border Adjustment Mechanism (CBAM), the EU’s carbon tax regulation on imported goods, and to help reduce supply chain emissions and costs. Adopted in 2023, and coming into force in 2026, CBAM was established to avoid “carbon leakage,”…
Chestnut Raises $160 Million to Scale Farm-to-Forest Carbon Removal Projects
Nature-based carbon removal startup Chestnut Carbon announced that it has raised $160 million in a Series B financing round, with proceeds to be used to scale capacity and sequester an estimated 100 million tons of carbon over the life of its Sustainable Restoration Project. Launched in 2022 by energy sector-focused alternative asset manager Kimmeridge, Chestnut helps reduce carbon emissions by…