Private banking and asset management company Edmond de Rothschild announced today the appointment of Nathalie Wallace as Chief Sustainability Officer. Based in Paris, Wallace will oversee all the group’s sustainability initiatives, in both asset management and private banking, and further develop the firm’s ESG strategic focus, working with the investment teams to ensure sustainability objectives are met, and help to…
Investment giant BlackRock and energy major Occidental (Oxy) announced today a new partnership which will see BlackRock invest $550 million on behalf of clients in STRATOS, set to become the world’s largest Direct Air Capture (DAC) facility, currently under construction by Oxy’s carbon capture-focused subsidiary 1PointFive. Under the new agreement, BlackRock, through a fund managed by its Diversified Infrastructure business,…
Climate research provider and environmental disclosure platform CDP and the European Financial Reporting Advisory Group (EFRAG) announced today the launch of a new agreement which will see CDP maximize the alignment of its disclosure system with the EU’s recently adopted European Sustainability Reporting Standards (ESRS). CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and…
Private equity and venture capital investor EQT Group announced an agreement by EQT Infrastructure to acquire UK-based battery storage and flexible generation infrastructure developer and operator Statera Energy from InfraRed Capital Partners. Founded in 2015, London-based Statera develops, owns, and operates large scale energy storage and flexible generation, assets, as well as pumped hydro and green hydrogen projects. It has…
Battery materials recycling and repurposing-focused cleantech startup Princeton NuEnergy (PNE) announced that it has raised $16 million at the initial closing of its Series A funding round, with proceeds aimed at advancing the company’s lithium-ion battery recycling technnology. Lithium-ion batteries are used in electric cars as well as for solar-power backup and in electronic devices such as phones and laptops….
Energy and automation digital solutions provider Schneider Electric announced the acquisition of climate consulting and net zero solutions provider EcoAct. Founded in 2006, Paris, France-based EcoAct provides services and solutions to help businesses implement positive change in response to climate and carbon-related challenges, while driving commercial performance. The company employs over 360 climate, carbon and energy-focused experts, and offers a…
The U.S. General Services Administration (GSA) announced today a $2 billion investment, directed to government building construction projects using low-embodied carbon (LEC) materials, including LEC asphalt, concrete, glass and steel. According to the GSA, the investment aims to catalyze the market for American-made low carbon and expand U.S. capacity for manufacturing next-generation goods and materials, in addition to helping to…