Panellists warned PRI in Person delegates against the risk of stranded assets, insisting on the need to prepare society for challenges to come. Progress is heterogeneous. Canada is lagging. The world is lagging. Those were some of the warnings issued by panellists during a session at this year’s PRI in Person in Toronto examining how to achieve a just transition…
Fusion Reactor Startup Zap Energy Raises $130 Million
Zap Energy, which is developing a commercially-viable fusion energy system, announced that it has raised $130 million in a Series D round, with proceeds to be used to advance the company’s efforts to build a commercial fusion power plant. The company also announced that it has begun operations of Century, its new high-rep-rate, liquid-metal-cooled fusion test platform.ֿ Fusion, the process…
Corporate Giants: Balancing Purpose with Profit
In today’s corporate landscape, leadership in Sustainability is no longer a secondary player. You’re in the boardroom, navigating the fine line between purpose and profit, wielding influence over not just ESG strategies but core business decisions. But this power comes with intense scrutiny—from shareholders questioning ROI, to customers demanding authenticity, to regulatory bodies mandating ever stricter compliance. The stakes are…
Climate Tech Startup Paebbl Raises $25 Million to Turn Captured CO2 into Building Materials
Decarbonization technology company Paebbl announced that it has raised $25 million in a Series A funding raise, with proceeds to be used to scale up its technology turning captured CO2 to carbon-storing construction materials. Founded in 2021, Rotterdam-based Paebbl has developed a system to speed up the natural process of CO2 mineralization – where minerals inside rocks react with atmospheric…
UK Launches Cap and Floor Scheme to Support Energy Storage Investment
The UK government announced today the launch of a new scheme aimed at helping to build long duration energy storage capacity by enabling investment in critical infrastructure. Energy storage forms one of the major building blocks for the rapidly expanding clean energy transition, given the intermittent generating nature of many sources of renewable energy, such as wind and solar, and…
CBRE Acquires NRG’s Renewable Energy Advisory Business
Commercial real estate services and investment firm CBRE announced that it has acquired NRG Energy’s renewable advisory group, in a move described by the company as aimed at significantly enhancing its sustainability solutions capabilities for clients. Formed in 2018, and led by Miro Sutton, NRG’s renewable advisory business brokers and advises on renewable energy transactions, working primarily with Fortune 500…
Form Energy Raises $405 Million to Scale Up Multi-Day Energy Storage Solution for the Electric Grid
Energy storage technology and manufacturing company Form Energy, which is developing a battery capable of storing electricity for 100 hours, announced that it has raised $405 million in a Series F financing round. Energy storage solutions and infrastructure are emerging as a key energy transition investment area. Storage forms one of the major building blocks for the rapidly expanding clean…