Climate data solutions provider Jupiter Intelligence announced the launch of a series of new tools, aimed at enabling banks and asset managers to quantify physical climate risk within their portfolios and to calculate the ROI on resilience investments. The new tools will form part of Jupiter Intelligence’s flagship ClimateScore Global climate analytics platform. Launched in 2020, the platform was designed…
Goldman Sachs Alternatives announced an agreement by its infrastructure team to acquire non-hazardous liquid waste management services provider Liquid Environmental Solutions (LES), from Boston-based investor Audax Private Equity. Founded in 2002, Texas-based LES manages non-hazardous liquid waste for clients across sectors including restaurant, grocery chain, hospitality, education, and environmental services across the U.S. The company collects, treats, and recovers materials…
Facebook, Instagram, and WhatsApp owner Meta and Alberta-based energy company Enbridge announced a new long-term contract with Enbridge supplying Meta with 100% of the renewable energy generated from a new 600 MW solar facility in Texas to power the tech company’s data center operations. The new project, Clear Fork, will be a utility scale solar facility located near San Antonio. Enbridge…
Nature-based carbon removal startup Chestnut Carbon announced that it has secured a new $210 million project finance credit facility, led by J.P. Morgan and backed by a massive forest-focused carbon removal offtake agreement recently signed with tech giant Microsoft. The agreement marks the first financing of its kind for a U.S. voluntary carbon removal afforestation project, with Chestnut, Microsoft and…
Sustainability-focused European asset manager Ambienta announced the acquisition of Agronova Biotech, marking its first investment in the sustainable agriculture sector. Agronova Biotech, which is headquartered in Spain and considered a global leader in biological crop solutions, was acquired from Iberian private equity firm Magnum Industrial Partners and the founding Casanova family. The agriculture sector faces a series of sustainability challenges,…