TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, TPG Rise, announced today the acquisition of industrial aftermarket emissions reduction solutions provider Miratech, citing opportunities to address the emissions challenge created by growing power demand from increasing data center usage. Marc Mezvinsky, Partner at TPG and a senior member of the firm’s climate investing team, said:…
Sustainable engineered materials producer 6K announced today that it has raised $82 million at the first close of its Series E funding round, with proceeds aimed at enabling the company to scale up production. 6K said that it expects a second close of the Series E round later this year. Founded in 2014, Massachusetts-based 6K develops advanced materials for markets…
BMW Group announced today that it plans to launch its first-ever series production hydrogen-powered fuel cell electric vehicle (FCEV) in 2028. BMW has set a goal to reduce CO2 emissions per vehicle over the full lifecycle – including supply chain, production and product use – by at least 40% by 2030, and to transition to battery electric vehicles, with a plan…
Cleantech software startup Reonic announced today that it has raised €13 million (USD$14.4 million) in a Series A financing round, with proceeds aimed at supporting its offerings to help installers deploy sustainable energy solutions across Europe. Founded in 2021 by Tristan Menzinger, Lars-Manuel Schneider, and Udo Sill, Germany-based Reonic provides solutions aimed at helping SME installers address the increasingly complex…
Business sustainability ratings provider EcoVadis announced today the acquisition of human rights technology and analytics company Ulula, with the transaction aimed at increasing its capabilities to help organizations improve human rights impact across supply chains and comply with new regulatory requirements. According to EcoVadis, the acquisition comes as companies are facing increasing pressure from new laws requiring “unprecedented levels of…
Sustainability-focused investor interest appears to have undergone a significant shift towards investments in companies enabling a ‘brown to green’ transition, as opposed to focusing primarily on already-green investments, with net inflows into transition focused funds in the EU nearly doubling those into environmental funds over the past 2 years, according to a new report by EU markets regulator the European…
Private equity firm Kohlberg announced the acquisition of a majority stake in energy efficiency, energy transition and sustainability services provider CLEAResult. Terms of the transaction were not disclosed. Founded in 2003, Austin, Texas-based CLEAResult provides services and solutions to utility, government, and commercial customers to design and implement comprehensive energy efficiency programs help reduce energy usage, costs and emissions and…
Volvo Cars announced today that it is pulling back on its goal to offer only fully electric vehicles by 2030, adding room for up to 10% of sales to include mild hybrid models and including plug-in hybrids in the rest of its mix, as well as its interim carbon emissions reduction goals, citing headwinds facing the automotive markets’ electrification transition….