Floating offshore wind technology startup Aikido Technologies announced that it has raised $4 million in a Seed series investment round, with proceeds to be used to build its team and develop, and for the development of a new offshore pilot project. Floating wind technology can be installed in deeper waters than fixed wind turbines, allowing the projects to be installed…
Pension investment firm APG announced today a $400 million investment in U.S. renewable energy and storage developer Doral Renewables, aimed at accelerating the development and construction of Doral’s renewable energy pipeline. Based in Philadelphia, Doral Renewables is an Independent Power Producer (IPP), partnering with U.S. farm communities to build large-scale, greenfield projects to advance the energy transition, with a focus…
Alternative asset and private equity investor KKR, and Spanish renewable developer IGNIS today announced that they will launch a new Power-to-X (P2X) platform to develop primarily green hydrogen and ammonia projects, for industrial applications in hard-to-abate sectors. According to KKR and IGNIS, the new platform will develop traditional renewables, largely wind and solar, associated with hydrogen and ammonia projects. It…
Carbon dioxide removal (CDR) solutions provider Neustark announced today that it has raised $69 million in an equity funding round led by Decarbonization Partners, a climate tech-focused growth equity investment partnership between BlackRock and Temasek. The company plans to use the funds to expand its team, enhance its offerings and expand geographically to meet the increasing global demand for CDR….
The European Central Bank (ECB) announced today the publication of a new set of climate-related financial disclosures, providing information on the carbon footprint of its portfolios and their exposure to climate risks, indicating that the carbon intensity of its €367 corporate bond portfolio has declined by 35% from 2021 to 2023. The report marks the second set of climate-related disclosures…
By: Mark Vaessen, Partner, KPMG in the Netherlands Demand is building for a global multi-stakeholder reporting system that uses a so-called ‘double materiality’ lens to enable companies to explain both how ESG-related matters impact their business and how their business impacts the planet and society. Europe was the first and China is the most recent major economy to propose a…
More than four out of five C-Suite executives agree that they need to be more accountable on human sustainability issues in their companies, and an even higher proportion want their compensation tied to human sustainability metrics, as they face increasing pressure from stakeholders and anticipate benefits from improvements in workforce well-being, yet significant gaps exist between worker and executive perceptions…