Nuclear tech startup Radiant announced that it has raised more than $300 million in a new funding round, with proceeds from the financing aimed at scaling the company’s commercialization efforts to mass produce micro-scaled nuclear reactors. Founded in 2020, California-based Radiant is aiming to build nuclear microreactors that can be mass-produced and act as a zero-emissions alternative to diesel generators,…
UK-based bank Barclays and climate tech company ExpectAI announced the launch of a new collaboration, aimed at helping small and medium-sized businesses grow their profits using AI-based sustainability insights. Founded in 2021, London-based ExpectAI provides solutions to use artificial intelligence and public data to help SMEs grow profits and reduce emissions. The company recently launched its first product, Una, an…
Northern Europe-based asset manager Nordea Asset Management (NAM) announced the appointment of Kasper From Larsen and Rachel Reutter as Portfolio Managers for its Sustainable Thematic Team. Nordea’s Sustainable Thematic Team manages more than €18 billion across a series of climate and impact strategies, ranging from climate solutions and transition portfolios to traditional wide-ranging impact strategies. With the new additions, the…
The European Commission announced plans to remove its requirement for a 100% reduction in CO2 emissions from new cars and vans from 2035, marking one of the most significant moves in its initiative to ease industrial sustainability requirements. Announced as part of its newly released “Automotive Package,” the Commission’s proposal would still require carmakers to meet a 90% tailpipe emissions…
Microsoft and Spanish multinational energy company Iberdrola announced the launch of a new partnership, including the signing of their first renewable energy power purchase agreements (PPAs) in Europe, and initiatives to accelerate the deployment of AI across Iberdrola’s operations. The new collaboration includes two long-term PPAs in Spain, totalling 150 MW of electricity from Iberdrola’s Iglesias wind farm in Burgos…
The European Commission announced the release of a series of proposed changes to the Carbon Border Adjustment Mechanism (CBAM), the EU’s carbon tax on imported goods, including expanding the scope of the CBAM to some downstream products, in order to avoid a shift in production away from EU manufacturers to those in countries with weaker climate policies. Adopted in 2023,…
Lawmakers in the European Parliament approved today a provisional agreement reached last week with EU member states to significantly scale back sustainability reporting and due diligence requirements for companies. The agreement was adopted with 428 votes in favor and 218 against, in addition to 17 abstentions. The approval by MEPs forms one of the last steps towards the final adoption…