India-based rooftop solar system provider SolarSquare announced today that it has raised $53 million in a Series C funding round, with proceeds from the financing to be used to expand its platform to new cities and deepen its technology capabilities. The company said that the raise marks the largest venture investment in India’s solar sector, reflecting growing investor confidence in…
Impact data company Upright announced the launch of a new vertically-trained AI model designed to enable companies and investors to quantify sustainability impacts, risks, and opportunities. According to Upright, the new large language model (LLM) bases its impact quantification on scientific evidence, rather than relying primarily on corporate disclosures or general-purpose AI models. Annu Nieminen, Co-founder and CEO of Upright, said:…
Generational investment opportunity in resource efficiency Thomas Sørensen, portfolio manager of the Nordea 1 – Global Climate and Environment fund The world is in the middle of a defining shift in how it produces, moves and consumes energy. Fossil fuel dependence has re-emerged as a source of geopolitical fragility, electricity demand is outpacing supply, and the cost of energy has…
The Government of Canada announced the launch of new proposed legislation aimed at strengthening its ban on imports of goods produced with forced labor, introducing new requirements for companies importing high-risk goods to provide enhanced supply chain tracing, and banning goods unless information requirements are met. The introduction of the new legislation follows the publication of a report by the…
EU banking supervisor The European Banking Authority (EBA) announced the draft methodology and templates for the 2027 EU-wide stress test, which include the incorporation of climate risks for the first time. In the initial stage, the EBA said that climate risks will be assessed through a dedicated module and will not affect the core stress test results, although the banking…
Carbon transformation-focused cleantech company Twelve announced the launch of AirPlant One, the first commercial-scale facility in the U.S. to produce E-Jet fuel – a power-to-liquid (PtL) sustainable aviation fuel (SAF) made from CO2 and renewable electricity. Founded in 2015, California-based Twelve produces chemicals, materials and fuels from captured CO2 combined with water. The process is powered by renewable energy and…