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…
Grid-focused AI startup Splight announced today that it has raised $12 million in its Seed funding round, with proceeds aimed at supporting the company’s global expansion plans and further product development for its solutions to help deploy clean energy at scale. Founded in 2020, California-based Splight provides AI-based solutions aimed at unlocking the capability to deploy clean energy at scale…
Aerospace giant Airbus announced today an investment in sustainable aviation fuel (SAF) technology and production company LanzaJet, forming part of part of LanzaJet’s current $100 million growth equity funding round, aimed at enabling the company to continue scaling its ethanol-to-SAF technology. The announcement marks the latest in a series of investments in the LanzaJet, including recent investments by Tokyo-based banking…
Digital twin data platform Akila and global professional services firm Deloitte announced today a new strategic alliance to decarbonization-focused software solutions for U.S. clients, aimed at enabling reduced emissions, optimized energy consumption and enhanced efficiencies in the operations of buildings. Founded in 2021 to focus on helping organizations decarbonize their operations, Akila offers technology enabling building data to be centralized…
Newly appointed UK Secretary of State for Transport Louise Haigh announced in a statement to Parliament that the new government intends to move forward with an SAF mandate, requiring the introduction of sustainable aviation fuel (SAF) in the UK’s jet fuel mix, starting at 2% in 2025, and ramping up to 22% by 2040. Fuel accounts for the vast majority…
Political pressures in the US have prompted fund outflows, greenhushing and a fall in support for shareholder resolutions – but views differ on how deep they run. Last November, the trustees of Massachusetts Pension Reserves Investment Management (MassPRIM) gathered to discuss a sensitive question: should the public sector pension fund continue to use the term ‘ESG’, or drop it? Republican…
Energy-focused private equity investor NGP announced the launch of NGP Sustainable Real Assets (NGP SRA), a new dedicated pool of capital focused on real assets investing in the energy transition. The new fund is launching with approximately $500 million of capital commitments at closing, provided by NGP’s dedicated energy transition fund, NGP Energy Transition IV, L.P., and co-investors According to…
Climate solutions startup Cowboy Clean Fuels (CCF) announced that it has raised approximately $13 million at the closing of a Series B equity financing round, with proceeds aimed at commercializing its solution to simultaneously produce clean fuel and remove CO2. Founded in 2020, Colorado-based CCF provides technology offering both geologic carbon removal & sequestration and renewable natural gas (RNG) production….
Climate-tech startup CarbonBlue announced that it has raised $10 million in a seed funding round, with proceeds to be used to scale up and deploy its water-based Carbon Dioxide Removal (CDR) technology. Founded in 2022 in Israel, CarbonBlue provides technology to turn any water-based infrastructure into a CDR facility by removing CO2 from water, enabling it to absorb more from…