Goldman Sachs Asset Management’s alternative investments platform, Goldman Sachs Alternatives, announced an agreement with German power producer RWE’s U.S.-based subsidiary RWE America’s U.S. Distributed Clean Energy (DCE) business. According to Goldman Sachs, the acquisition comes as surging power demand and grid decentralization are driving unprecedented demand for localized renewable energy. Teresa Mattamouros, Managing Director within Infrastructure at Goldman Sachs Alternatives,…
Japan-based IT services and digital transformation company NTT Data announced today that it has signed a new strategic agreement with French energy company Engie, aimed at supporting the decarbonization, energy resilience and sustainable expansion of NTT Data’s global data center operations. Under the new partnership, NTT Data said that it will secure long-term access to competitive renewable energy and power…
Mercedes-Benz and Norway-based aluminum and renewable energy company Hydro announced the expansion of their partnership, aimed at decarbonizing the aluminum supply chain for the automaker’s next generation of large electrical vehicles. As an initial step under the agreement, Mercedes-Benz said it is the first automaker in Europe to use Hydro’s recycled aluminum, Hydro CIRCAL, in the series production of its…
Madrid-based renewable energy company Zelestra announced that it has signed a Power Purchase Agreement (PPA) with Tesla agreeing to purchase the entire output from a new 140 MW solar project in Texas. The new solar project, the Lumen solar farm, will be located in Anderson County, in northeast, Texas, within the ERCOT market. Zelestra said that it expects to begin…
Standards-setting organizations the International Organization for Standardization (ISO) and Greenhouse Gas Protocol (GHG Protocol) announced on Wednesday that they will combine their corporate carbon accounting standards into a single, harmonized global accounting standard. The announcement follows the creation of a strategic partnership between ISO and GHG Protocol last year, aimed at unifying the global standards used by companies for greenhouse gas emissions measurement…
AI waste intelligence company Greyparrot announced that it has raised $27 million in a Series B funding round, with proceeds aimed at scaling its technology platform to help abate over one million tons of waste by 2030. Founded in 2019, London-based Greyparrot develops AI-powered waste intelligence solutions that enable recycling facilities to monitor and analyze waste streams in real time,…
UK charity endowment manager Nesta Trust announced that it has transferred a £120 million (USD$160 million) investment mandate from U.S.-based Northern Trust Asset Management (NTAM) to European asset manager Amundi, stating that the move is a “direct consequence” of NTAM’s departure from climate-focused investment groups Net Zero Asset Managers Initiative (NZAMI) and Climate Action 100+ (CA100+). Nesta Trust said that…
Advanced nuclear technology startup Nuclear Turbines announced that it has raised £15 million (USD$20 million) in a new funding, with proceeds to be used to scale its solution, based on gas turbine technology, to address nuclear energy’s cost and scale challenges. Founded in 2023 by Jeremy Owston and nuclear engineer Professor Tim Abram and spun out of BEA Systems, Manchester-based Nuclear Turbines…
TotalEnergies announced that it has decided to appeal a recent ruling by the Paris Judicial Court ordering the company identify and disclose measures to address climate risks resulting from greenhouse gas (GHG) emissions resulting from the use of its oil and gas products. The French energy giant said that it intends to argue that climate change is a global phenomenon outside…