Future Energy Ventures, a venture capital firm investing in digital and asset-light tech, announced that it has raised €235 million (USD$274 million) for its second fund, which will invest in energy tech startups at the Series A and B stage. Founded in 2016, Future Energy Ventures backs technologies supporting the transition to renewable energy. Its portfolio includes agricultural photovoltaics startup…
By Dexter Galvin, Climate Ambassador at EcoVadis At COP30 in Belém, Brazil, the conversation around climate action entered a more demanding phase. This year’s summit was not just about setting new targets, but proving that existing commitments are credible and that the systems to deliver them are in place. With adaptation and resilience at the forefront, governments and businesses alike…
Brookfield Asset Management announced its first renewable energy investments in the Philippines, Vietnam and Thailand, including the acquisition of Independent Power Producer (IPP) Alba Renewables, aimed at creating a decarbonization platform for the company in Southeast Asia. Founded in 2023, Singapore-based Alba Renewables was established to develop, construct, operate, manage, and commercialize renewable energy projects across Asia Pacific, with an…
bp has said that it has withdrawn its plans to develop H2Teesside, a large scale hydrogen production and carbon capture facility in Teesside in north-east England, citing deteriorating demand for hydrogen by industrial consumers, and alternative plans to build a new data center at the site. The company said that the decision to end its plans for the blue hydrogen…
New York City Comptroller Brad Lander announced that he has recommended that the city’s pension funds drop a $42 billion investment mandates with BlackRock, as well as those with Fidelity and PanAgora, over the asset managers’ failure to submit decarbonization plans that were aligned with the pension system’s net zero investment goals. The Comptroller’s new recommendation focused largely on the…