Carbon removal technology provider Heirloom announced today that it has raised $150 million in Series B funding, with proceeds from the financing aimed at supporting the rapid scaling of commercial Direct Air Capture (DAC) technology. DAC technology is listed by the IEA as a key carbon removal option in the transition to a net-zero energy system. According to an Intergovernmental…
Global alternative investment manager Apollo announced today an agreement with French energy giant TotalEnergies to acquire a 50% stake in a Texas-based portfolio, consisting of approximately 2 GW of solar and battery energy storage system assets. The acquisition follows the launch by Apollo last year of Apollo Clean Transition Capital (ACT Capital), an investment strategy with $4 billion in capital,…
Four out of five asset managers and owners expect to see increases in their sustainable assets under management (AUM) and allocations over the next two years, with sustainable investing offerings emerging as a key differentiator for the large majority of investors, driven by the anticipated exposure to growth opportunities from sustainable investments, and a more established track record for sustainable…
By Kevin O’Connell, Sustainability Reporting and Assurance Leader, and Ron Kinghorn, Sustainability Strategy and Operations Leader, PwC Today’s CEOs are charged with an urgent priority: embedding sustainability into their core strategies to unlock pathways to new investment, drive innovation and fuel growth. In a rapidly changing environment, where exceeding the 1.5°C threshold becomes increasingly likely, companies need to both mitigate…