Energy infrastructure software startup Paces announced today that it has raised $11 million in a Series A funding round, aimed accelerating the deployment of grid-connected clean energy infrastructure projects. Founded in 2022, New York-based Paces provides software solutions for clean energy infrastructure developers to identify the best places to build and manage their projects, providing data on zoning, permitting, and…
The new UK government announced today the introduction of the Great British Energy Bill, aimed at establishing a new public-owned company to invest, own and manage clean energy projects. Based in Scotland, Great British Energy will be backed by £8.3 billion (USD$10.7 billion) from the government over the next five years, paid for by a windfall tax on oil and…
EU markets regulator the European Securities and Markets Authority (ESMA) announced the publication of its “Opinion on the Sustainable Finance Regulatory Framework,” setting out a series of key recommendations aimed at facilitating investor access to sustainable investments and supporting the financing of the transition to a sustainable economy, including implementing requirements for basic sustainability disclosures for all financial products, regulating…
Will the watered-down version of the EU’s CSDDD inspire corporate responsibility legislation in other countries? The post CSDDD: Raising the bar on corporate responsibility outside Europe? appeared first on VitalBriefing.
TotalEnergies announced today the acquisition of a 50% stake in OranjeWind, a 795 MW offshore wind farm under development in the Netherlands, from German power producer RWE, with TotalEnergies’ share of the project’s renewable energy to be used to power electrolyzer projects for the production of green hydrogen. According to TotalEnergies, the transaction forms part of the company’s initiatives towards…
Logistics giant DHL and Google announced today the launch of a new partnership, with Google utilizing the DHL GoGreen Plus service and investing in sustainable aviation fuel to help reduce its emissions from air logistic transportation across the Americas, Asia, and Europe. DHL’s GoGreen service provides shippers with the option of climate-neutral shipping through investments in internationally recognized climate protection…
Airbus announced that it has joined as an anchor investor for the launch of the Sustainable Aviation Fuel Financing Alliance (SAFFA) investment fund, aimed at accelerating the production of SAF. The new fund is being launched with approximately $200 million from investors including Airbus, the Air France-KLM Group, Associated Energy Group, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and…