Early-stage impact venture investor Norrsken VC announced that it has raised €320 million (USD$345 million) at the final close of its second fund, aimed at supporting entrepreneurs solving the world’s biggest challenges. The fund significantly surpassing the firm’s initial €250 million target, with the company noting that the finalized total makes Norrsken VC Fund II the largest early-stage generalist impact…
Industrial energy optimization technology company Ndustrial, announced that it has raised $18.5 million at the initial close of its Series B funding round, with proceeds from the financing to be used to support the company’s growth, and its solutions to drive down energy intensity at industrial facilities. The funding round was led by electrification and technology company ABB and South…
The government of Australia announced today a series of large-scale investments aimed at boosting the country’s clean energy sector, including plans to invest A$8 billion (USD$5.3 billion) in hydrogen production and technology over the next 10 years. The new investments were announced with the release of the government’s 2024-2025 budget, which also allocated over A$3 billion through the Australian Renewable…
President Biden announced a broad series of tariffs on goods imported from China, including several categories of products central to the U.S.’ clean energy transition strategy, such as electric vehicles, batteries and battery materials, and solar cells. In total, the White House said that the increased tariffs cover $18 billion of imports from China. According to a White House statement,…
EU markets regulator the European Securities and Markets Authority (ESMA) announced today the release of its finalized guidelines for the use of ESG and sustainability-related terms in investment fund names, including investment thresholds required for sustainable investment funds, and the establishment of a transition category for investments that are not yet green, but are on a positive trajectory towards achieving…
Renewables developer Solarpack announced energy purchase agreements with Meta, enabling the construction of two new solar projects in Indiana, totalling 210 MW. Meta has set a target to reach net zero emissions across its value chain by 2030, and is one of the largest corporate buyers of renewable energy. The company achieved its goal to meet 100% of its operational…