Energy storage software startup Tyba announced that it raised $13.9 million in a Series A funding round, with proceeds aimed at advancing its solution aimed at helping energy providers maximize the profitability of their energy storage assets. Energy storage forms one of the key building blocks for the rapidly expanding clean energy transition, given the intermittent generating nature of many…
The European Commission announced that it will allocate €422 million (USD$439 million) to 39 alternative fuel infrastructure projects, aimed at supporting the transition to cleaner transport. Selected projects will focus on areas including the installation of public electric recharging stations for both heavy-duty and light-duty vehicles, the development of hydrogen refueling stations and onshore power installations in ports, in addition…
Circular plastics-focused cleantech startup MacroCycle Technologies announced today that it has raised $6.5 million in a seed financing round, with proceeds aimed at commercializing its low-energy and low-cost solution to “upcycle” plastic waste for re-use. Plastic production and disposal constitute more than 5% of global CO2 emissions. Only 15% of plastics are currently recycled, while the remainder are disposed of…
Sustainability technology company Clarity AI announced the launch of a new tool aimed at helping fund managers to market products aligned with new sustainable investment naming rules, labels and standards across Europe. The new solution comes as regulators and lawmakers across Europe launch a series of new labelling rules for sustainability-focused funds, aimed at addressing the proliferation of ESG-related financial…
Alternative asset management firm TPG announced today an agreement to Altus Power, the largest owner of commercial-scale solar in the U.S., in an all-cash transaction valuing the company at $2.2 billion. Founded in 2009, Stamford, Connecticut-based Altus Power develops, owns and operates commercial-scale solar arrays, in addition to energy storage and charging infrastructure, to provide clean electric power to businesses,…