Geothermal technology startup Hephae Energy Technology announced that it has raised $17.8 million in a Series A funding round, with proceeds aimed at accelerating the commercial deployment of its ultra-high temperature robotics-based drilling technology aimed at enabling developers to access deeper and hotter rock. Founded in 2020, Houston-based Hephae develops ultra-high-temperature drilling and measurement systems designed to support enhanced geothermal…
Swiss electricity producer and energy services provider Alpiq announced that it is has acquired a 90% stake in renewable energy and battery storage developer Harmony Energy, with the company noting that the acquisition will establish it as one of the leading battery energy storage systems (BESS) players in Europe. Founded in 2010 by Peter Kavanagh, UK-based Harmony specializes in utility-scale…
Microsoft released its 2026 Environmental Sustainability Report, revealing a significant jump in the tech giant’s GHG footprint, with emissions rising 25% over the prior year, driven by an accelerating AI infrastructure buildout, as well as a shift in the company’s clean energy strategy away from the use of non-additional renewable energy certificates and towards the development of new carbon-free energy…
UAE-based clean energy-focused developer Masdar announced that it has secured a $5.1 billion financing package, reaching financial close to build one of the largest solar and battery storage projects in the world, capable of delivering 1GW of continuous clean power. Described by Masdar as the world’s first gigascale 24/7 renewable energy project, the new Abu Dhabi-based RTC project will include a…
This week in ESG news: EU Commission adopts finalized CSRD and voluntary sustainability reporting standards; Google, McKinsey, Tencent sign large-scale nature-based carbon removal deals; 3M’s new Chief Sustainability Officer; EU lawmakers vote to expand CBAM carbon import tax; Canada looks to include oil and gas-related investment in sustainable finance taxonomy; Starbucks says it is “reassessing” its 2030 climate target; ECB…
Private equity and venture capital investor EQT Group announced the acquisition of U.S. power and AI infrastructure development platform Copia Power from private capital investment firm The Carlyle Group. Carlyle launched Copia in 2021, with the acquisition of a 6 GW U.S. solar and storage development pipeline from energy developer and operator Tenaska, with a focus on using the platform…