Shipping giant A.P. Moller – Maersk (Maersk) announced that it has signed an agreement with Anemoi Marine Technologies trial the first-ever wind-powered Rotor Sail installation on a container vessel, supporting the company’s efforts to improve vessel efficiency and reduce emissions. Founded in 2015, London-based Anemoi develops wind propulsion systems for commercial shipping. The company’s Rotor Sail technology harnesses wind power…
Guest post by: Stefan Premer, Senior Director, Corporate Sustainability Consulting at Sphera For businesses globally, the sustainability conversation is moving on. After years of preparing for new disclosure requirements, the focus is increasingly on what sustainability can deliver for the business, from strengthening resilience and managing risk to improving how companies operate and grow. That shift matters as Europe resets…
Geothermal energy project developer Fervo Energy announced a new 396 MW power purchase agreement (PPA) with Google to provide the tech giant with carbon-free energy from its Cape Station project in Utah, marking the largest enhanced geothermal PPA to date globally. As part of the new agreement, Fervo will offer Google an option to expand its offtake by approximately 600…
Aerospace startup JetZero announced that it has closed a senior secured term loan facility of up to $100 million, with proceeds aimed at advancing the development and production of the company’s blended wing aircraft program, which the company estimates will cut fuel burn and emissions by up to 50% relative to conventional tube-and-wing aircraft. Founded in 2021, California-based JetZero is…
Decarbonization-focused investment firm Aligned Climate Capital announced the launch and first close of Aligned Solar Partners 7 (ASP7), its seventh infrastructure fund focused on acquiring and developing distributed solar and energy storage projects across the U.S. The firm said that it is targeting $500 million for the new fund, more than twice the size of its most recent predecessor, ASP6,…
A coalition of 19 state Attorneys General* announced the publication of a letter to Deloitte, EY, PwC and KPMG, warning the Big 4 accounting firms of potential violations of state laws and duties of independence “by committing to push for climate-related disclosures in financial reporting.” The letter, led by the AGs of Florida, Texas, Nebraska and Alaska, noted in particular…
Energy infrastructure investment manager Copenhagen Infrastructure Partners (CIP) announced the acquisition of Gawara Baya, a hybrid onshore wind and battery energy storage project (BESS), from Australian renewable energy developer and operator Windlab. The transaction was made through Copenhagen Infrastructure V (CI V), the fifth vintage of CIP’s flagship fund series, focused on investing in new energy transition projects in low-risk…