Industrial products, solutions and technologies company Honeywell announced the launch of INNCOM Direct, a new tool aimed at enabling mid-market hotels to reduce energy consumption and carbon emissions by automatically adjusting heating and cooling of vacant rooms. According to Honeywell, the new tool uses a proprietary detection system to identify empty spaces, and automatically adjusts temperature without impacting consumer comfort,…
The World Bank announced that it has priced a $225 million bond, with financial returns to investors linked to the generation of carbon removal units (CRUs) from reforestation projects in Brazil’s Amazon rainforest. The transaction marks the first bond to link financial returns to the removal of carbon from the atmosphere – compared with prior bonds tied to carbon credits…
Taiwanese polyester manufacturer, Shinkong Synthetic Fibers Corporation, announced that it has invested $10 million in circularity-focused materials sciences company Ambercycle’s first commercial plant, aimed at producing premium materials from end-of-life textiles, expected to open in 2026. Founded in 2015, Los Angeles-based Ambercycle takes end-of-life fabrics, shreds them, separates them into their base materials, removes dyes and finishes, and resells the…
Finnish technology startup Collo announced that it has raised €5 million (USD$5.5 million), with proceeds aimed at supporting the global expansion of its liquid analysis solution to help manufacturers improve sustainability and efficiency. Founded in 2017, Tampere, Finland-based Collo provides solutions aimed at enabling real-time measurement for optimizing industrial liquid for manufacturers, helping users better understand and develop their liquid…
Alaska Airlines announced today that it invested in sustainable aircraft developer JetZero, including the company’s first options for future aircraft orders. Founded in 2021, JetZero is developing the first commercial blended-wing body (BWB) aircraft that it said will provide up to 50% less fuel burn and lower emissions. The company said that its design, which integrates the wings and fuselage…
AI-powered factory operations-focused solutions provider Guidewheel announced that it has raised $31 million in a Series B funding round led by BlackRock and Temasek’s decarbonization-focused fund, Decarbonization Partners. Launched in 2018, and founded out of Stanford, California-based Guidewheel provides solutions aimed at helping factories to reach sustainable peak performance, enabling users to reduce lost production time, increase efficiency and enhance…
Private equity and venture capital investor EQT Group announced today an agreement to acquire a majority stake in resource-intensive industry-focused performance and sustainability software provider AMCS. Founded in 2003, Ireland-based AMCS provides cloud-based and AI-enabled planning, performance, safety and sustainability focused software, aimed at enabling resource-intensive industries – including waste management, recycling, transportation, manufacturing, and utilities – to boost sustainability…