Nuclear technology company X-Energy announced that it has raised $700 million in a Series C-1 financing round, with proceeds aimed at accelerating the development of the company’s small modular nuclear reactor technology. The announcement represents an upsizing of the funding round, following an initial $500 million capital raise announced in October 2024, led by Amazon’s Climate Pledge Fund, alongside an agreement…
More than three quarters of Paris-based global bank BNP Paribas’ financing of energy production in 2024 was directed to low carbon energies, according to figures released with the bank’s annual results. The achievement marks significant progress by BNP Paribas towards one of its key sustainable finance goals, with low carbon energy representing 76% of the bank’s energy financing in 2024,…
Google will no longer pursue Diversity, Equity and Inclusion (DEI) hiring and representation goals, according to a memo to employees viewed by ESG Today, citing a rapidly changing environment of “U.S. Executive Orders, court decisions, and many companies making changes to their DEl programs in recent weeks.” As mentioned in the memo, the tech giant’s decision forms part of a…
IONATE, a startup that makes smart electric transformers and software for electric grids, announced that it has raised $17 million in a Series A round, with proceeds to be used to fuel growth across key markets, launch its US operations, and advance its technology. London-based IONATE, founded in 2019, provides a “hardware-software backbone for smart grids,” helping address the strain…
Cirularity tech startup Archive announced that it has raised $30 million in a Series B funding round, with proceeds aimed at advancing its platform that helps brands resell their merchandise. Established in 2021 with a mission to reduce the environmental impact of retail and keep products in use for as long as possible, California-based Archive works with brands on developing…
The LEGO Group announced plans to scale up its use of renewable energy, with an anticipated increase of 72% in solar capacity globally this year. According to LEGO, the company’s solar expansion forms a key initiative towards the company’s climate goals, which include achieving net zero greenhouse gas (GHG) emissions by 2050, and an interim target to reduce emissions by…