Circular economy technology company Circtec announced today that it has raised €150 million (USD$163 million), with proceeds to be used for the construction of Europe’s largest end-of-life tire pyrolysis recycling facility in the Netherlands. Founded in 2009, UK-based Circtec utilizes pyrolysis technology to recycle waste into renewable fuels and circular chemicals. The company’s solution decomposes old tires through pyrolysis, a…
Clean energy company XGS Energy announced today that it has raised $20 million, with proceeds aimed at accelerating the commercialization of its water-saving and low-cost geothermal technology. California-based XGS Energy provides heat-harvesting technology to enable access to affordable and carbon-free geothermal energy. The company’s solution drills a single directional well to access rock with temperatures of 250 °C or higher,…
Biogas CO2-focused cleantech startup CryoCollect announced today that it has raised €4 million (USD$4.3 million), including investments from Engie New Ventures, the corporate venture fund of power company Engie, and GTT Strategic Ventures. Founded in 2017, Paris-based CryoCollect develops technologies for gas treatment, purification & liquefaction, for gases such as biomethane, carbon dioxide or hydrogen. The company has focused on…
Tech Giants Google, Meta, Microsoft, and Salesforce announced today the launch of the Symbiosis Coalition, a new advance market commitment (AMC) collaboration aimed at supporting the development and growth of the nature-based carbon removal market, with a collective commitment to contract up to 20 million tons of nature-based carbon removal credits. According to the companies, the coalition aims to send…
The vast majority of companies view sustainability as a value creation opportunity, with more than three quarters anticipating potential benefits ranging from higher revenues and profitability to lower cost of capital, although many also expect increased sustainability-related costs and a need for significant investment, according to a new survey released by Morgan Stanley. For the study, “Sustainable Signals: Understanding Corporates’…
On 16 May 2024, the UK Government published an implementation update on its development of economy-wide sustainability disclosure requirements (the “Implementation Update“). The Implementation Update, which the UK Government committed to publishing in its 2023 Green Finance Strategy (which you can read more about here), discusses: its endorsement of the IFRS Sustainability Disclosure Standards; transition plan disclosures; the Financial Conduct…
Grid stability solutions provider Reactive Technologies announced today that it has raised £25 million (US$31.4 million) in a Series D funding round, with proceeds aimed at supporting the company’s global expansion. Founded in 2010, UK and Finland-based Reactive Technologies provides grid resilience technology aimed at helping grid operators, utilities, and regulators transition to net zero and ensuring resilient and renewable…
Industrial biotech startup Cellugy announced today that it has raised €4.9 million (USD$5.3 million) in seed funding, with proceeds aimed at scaling up the production of its bio-based solution to replace fossil-based ingredients in personal care products. Founded in 2018, Denmark-based Cellugy provides fully bio-based and biodegradable alternatives to carbon-intensive petrochemicals. The company’s platform leverages cellulose-producing microorganisms to produce high-purity,…