According to the PwC’s 2023 State of Climate Tech report, the venture capital and private equity investment in climate tech have reduced by 40% due to economic uncertainty and geopolitical conflict making investors less attracted to the industry. The report has analyzed over 8,000 tech start-ups and over 32,000 deals worth more than US$490 billion. …
Boston Consulting Group (BCG) has announced a strategic partnership with Doconomy, a climate technology that is aimed at supporting financial institutions in their sustainability goals. BCG is a management consulting firm. Doconomy claims to have developed an ecosystem of financial tools that allow its clients to make environmentally sustainable financial decisions. Its tools system owns…
World Energy announced a long-term agreement with Microsoft to increase the decarbonization in corporate air travel and supply chain cargo through the purchase of sustainable aviation fuel certificates. The World Energy is a sustainable aviation fuel (SAF) producer and low-carbon solutions provider. Agreement displays World Energy’s efforts to combine all sectors to participate in the…
Qube Technologies, an emission monitoring technology organization, has announced it has secured Series B funding from Riverbend Energy Group (“Riverbend”). Qube has offered continuous emissions monitoring technology to industries to measure, manage, and reduce their environmental impact. The funding will advance the company’s solutions and expansion. Since the previous funding, the company has seen an…
Neara has announced a $10 million capital raise extension and a case study for increasing the existing line capacity for renewable energy. The round was participated by Prosus Ventures and by Neara’s existing investors, Skip Capital, and Square Peg Capital. The funding now makes the overall Series B to $24 million. Neara is an infrastructure…
According to IEA’s Net Zero Roadmap, achieving net zero and reaching 1.5 C is possible due to the growth of key clean energy technologies. Even though the rate is steady, yet needs to increase rapidly in many areas. The Roadmap has updated the original report published in the year 2021 which has been beneficial to…
The companies Danfoss, Google, Microsoft, and Schneider Electric – with the Danish Data Center Industry – have launched a Pan-European Net Zero Innovation Hub for Data Centers, in Fredericia, Denmark. The number of internet users has only increased. Amidst this, the data center industry is working to reduce energy footprint in areas such as energy…
HSBC has announced an investment of $1 billion to early-stage climate technology companies in the world. The finances will assist start-ups in creating solutions for EV charging, battery storage, sustainable food and agriculture, and carbon removal technologies. The report says that the announcement also follows the launch of HSBC Innovation Banking and HSBC Asset Management’s…
Honeywell has announced collaboration with SK E&S to distribute its carbon capture tech to assist SK in the energy transition in Korea and other parts of Southeast Asia. SK E&S, an energy company, is part of the Korean conglomerate SK Group. The company operates in business across renewable energy, hydrogen, energy solutions, and liquefied natural…
1PointFive, a carbon capture, utilization, and sequestration company, has announced that Amazon agreed to purchase 250,000 metric tons of CO2 removal credits over 10 years. The agreement can allow more capable direct air capture (DAC), for companies to complete climate goals. 1PointFive’s first commercial-scale DAC plant, STRATOS, will allow for the credit for Amazon. The…