Textile recycling startup Syre announced today that it has raised $100 million in a Series A financing round, aimed at supporting the company’s buildout. Founded earlier this year, Syre was launched by fashion and design brands company H&M Group and impact-focused venture investor Vargas, aimed at mass producing textile-to-textile recycled materials, and enabling a closed loop solution for the clothing…
IBM announced the addition of AI-powered emissions planning and forecasting capabilities to its ESG data collection, analysis and reporting platform IBM Envizi, aimed at enabling companies to streamline and enhance their sustainability planning and climate strategies. According to IBM, the new capabilities are aimed at helping companies to guide their planning to towards their emissions reduction goals and to meet…
The UK government’s Emissions Trading Scheme (ETS) Authority announced today the launch of a new package of consultations, proposing expanding the ETS carbon pricing system to new sectors, including the energy from waste and waste incineration sectors, and on integrating greenhouse gas removals into the ETS. Launched in 2021 to replace the UK’s participation in the EU’s Emissions Trading System,…
Microsoft announced a new carbon removal offtake agreement with energy provider Ørsted for the purchase of one million tonnes of carbon removal over ten years from Ørsted’s new bioenergy carbon capture and storage (BECCS) project in Denmark, Ørsted Kalundborg CO2 Hub. The agreement adds to a prior commitment from Microsoft announced last year to buy 2.67 million tonnes of carbon…
Circular economy technology company Circtec announced today that it has raised €150 million (USD$163 million), with proceeds to be used for the construction of Europe’s largest end-of-life tire pyrolysis recycling facility in the Netherlands. Founded in 2009, UK-based Circtec utilizes pyrolysis technology to recycle waste into renewable fuels and circular chemicals. The company’s solution decomposes old tires through pyrolysis, a…
Clean energy company XGS Energy announced today that it has raised $20 million, with proceeds aimed at accelerating the commercialization of its water-saving and low-cost geothermal technology. California-based XGS Energy provides heat-harvesting technology to enable access to affordable and carbon-free geothermal energy. The company’s solution drills a single directional well to access rock with temperatures of 250 °C or higher,…
Biogas CO2-focused cleantech startup CryoCollect announced today that it has raised €4 million (USD$4.3 million), including investments from Engie New Ventures, the corporate venture fund of power company Engie, and GTT Strategic Ventures. Founded in 2017, Paris-based CryoCollect develops technologies for gas treatment, purification & liquefaction, for gases such as biomethane, carbon dioxide or hydrogen. The company has focused on…