Capital markets technology and exchange company Nasdaq announced a new collaboration between Nasdaq ESG Solutions and sustainable financial technology company Crux, aimed at enabling clients to advance sustainability objectives and realize cost savings by taking advantage of the Inflation Reduction Act’s clean energy transferable tax credits. Passed by the U.S. in 2022, the Inflation Reduction Act (IRA) allocated nearly $370…
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…