U.S. electricity and energy infrastructure giants NextEra and Dominion Energy announced a merger agreement on Monday, in a deal that will create the world’s largest regulated electric utility business. The transaction comes as demand for electricity is rising at historical rates, driven by factors including the buildout of datacenter infrastructure to meet growing AI usage, and industrial and transport electrification,…
HSBC announced today the launch of a new $4 billion Sustainability and Transition Credit Facility, aimed at helping Mainland China-based companies in the clean energy and low-carbon sectors scale internationally, and support decarbonization across the value chain. The launch of the new facility follows an announcement by the bank earlier this year that it mobilized a record $102 billion in…
Water-tech startup Crew Carbon announced that it has raised $25 million in a Series A funding round, with proceeds aimed at scaling its wastewater treatment optimization and carbon removal technology and expanding its workforce. According to Crew Carbon, the financing comes as the wastewater treatment industry faces growing pressure from tighter regulations and having to treat higher volumes of wastewater…
Australia’s government has proposed significant changes to its corporate reporting rules, including raising the threshold of companies required to publish audited financial and sustainability reports to exempt those with revenues under A$100 million and assets of $50 million. Alongside the proposed changes, unveiled with the release of Australia’s 2026 Budget, the government also announced plans to consult on reforms to…
This week in ESG news: ECB warns climate & nature risks “very likely being underestimated” by banks; SEC tells court it plans to scrap corporate climate reporting rules; BBVA sustainable finance activity jumps 33%; Ford turns old EV battery capacity into new energy storage business; New York to push back “unattainable” climate goals; EcoVadis, Workiva partner on Scope 3 data…
Fintech startup Crux announced that it has closed a $500 million debt financing facility with Nuveen’s infrastructure credit investment platform, with the new capital to be used to scale its commercial participation in the clean energy financing market through tax driven investments. Launched in 2023, Crux provides capital markets solutions across advisory, investments, technology, and intelligence, aimed at making funding…
Renewable energy developer Sunraycer Renewables announced that it has secured $901 million in financing to support the construction and operation of three solar and battery energy storage projects in Texas. Founded in 2021, Maryland-based Sunraycer focuses on the development, financing, ownership and operation of utility-scale solar and battery energy storage projects across the U.S., with a particular focus on Texas….