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,…
A professional’s guide to the Procurement Act 2023. We explore the new legislation and offer a FREE COPY of our 50-page Procurement Act Handbook (published 2025). Expert guidance and checklists! In this extract of the ESG Pro Procurement Act Handbook, we consider how the Procurement Act 2023 represents a major overhaul of the UK’s public procurement regulations, introducing a simplified…
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,…