Clean Power startup Arbor Energy announced that it has raised $55 million in a Series A funding round, with proceeds aimed at advancing its next-generation turbine technology aimed at delivering clean baseload power to decarbonize energy intensive industries. Arbor was founded in 2022 by veterans of SpaceX, who have been leveraging recent advancements in oxy-combustion and supercritical turbomachinery – many…
Clean iron producer Electra announced a series of new agreements, including purchase deals with several global steel companies to help reduce the carbon footprint of their products, and an Environmental Attribute Credit (EAC) agreement with Meta to help address the social media and communications giant’s supply chain emissions. Founded in 2020, Colorado-based Electra has developed a low-temperature process to electrochemically…
BNP Paribas Asset Management (BNPP AM) announced the launch of the BNPP Environmental Infrastructure Income Fund, aimed at providing investors with long-term secular themes created by global investments in environmental infrastructure. The new fund is classified as Article 9 under the EU’s SFDR regulation, indicating that it has sustainable investment as an objective. The new fund will be jointly managed…
Lawmakers in the European Parliament rejected a compromise agreement on forming its negotiating position on the EU Commission’s Omnibus I, which would have seen more significant reductions in the EU’s sustainability reporting and due diligence regulations than those proposed by the Commission, but less than those proposed by right-wing parties. The agreed position was defeated narrowly, with 309 votes in…
Sustainable liquid and air-cooling technology provider XNRGY Climate Systems announced that it has secured new growth equity financing, with proceeds aimed at scaling the deployment of its solutions to meet growing demand for applications including data centers and critical infrastructure. Investors backing the round included BlackRock and Temasek’s decarbonization-focused fund, Decarbonization Partners, as well as climate solutions-focused investor Climate Investment…
The U.S. and Qatar have released an open letter sent to the leaders of EU member states expressing “deep concern” over the Corporate Sustainability Due Diligence Directive (CSDDD), the EU’s new law requiring companies to address their negative impacts on human rights and the environment across their value chains, and warning of consequences to trade and energy supply if the new…
Aerospace giant Airbus and airline company Cathay Group announced the launch of a new co-investment partnership aimed at scaling sustainable aviation fuel (SAF), and including a joint investment of up to $70 million to accelerate the development of SAF production in Asia and globally. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources,…