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…
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,…
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…
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,”…
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…
Corporate boards in the U.S. see significant risk to their companies in speaking out on social issues, in an environment of heightened political scrutiny, with less than a fifth of directors believing that they should encourage C-Suite leaders to speak publicly to reinforce company values, according to a new survey released by board education provider Corporate Board Member, GRC solutions…
The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climate change, unveiled its updated plans for the process to develop its new Corporate Net Zero Standard. The SBTi launched its flagship Corporate Net-Zero Standard in 2021, used to assess and certify companies’ decarbonization commitments to achieve net…