The energy flexibility platform Orus Energy has raised a €2.2 million pre-seed round to help decarbonise the power grid. The company has built a demand-side flexibility platform enabling commercial building operators to automatically shift energy consumption during peak energy periods. The funding round was led by top tier European venture capital firm b2venture and top
For months, Philip Matthias tried to convince his father to install solar panels on their company’s roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory. Initially sceptical of the 2.3-million-euro ($2.5 million) investment, a substantial sum for the medium-sized Tridelta, his father crunched
BP has entered into a Joint Development Agreement (JDA) to join the existing consortium of Masdar, Hassan Allam Utilities and Infinity Power to explore the potential development of a multi-phase green hydrogen (gH2) project in Egypt. Under the JDA, BP will act as the main developer and operator of the project on behalf of the
Libattion, a fast-growing, leading-edge company offering stationary energy storage solutions from upcycled electric vehicle batteries based in Zurich, has secured a total of €14 million. The round was led by A&G Energy Transition Tech Fund together with Spanish automotive components manufacturer Teknia, the Portuguese fund HCapital New Ideas II and Swiss energy utility company EBL.
Climate risk intelligence company Climate X has raised €16.8 million to accelerate its global expansion and help the world’s leading financial organisations price the impact of climate change across their physical asset portfolios. GV (Google Ventures) led the Series A investment round, supported by Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, Unconventional Ventures
The Work Crowd, an on-demand talent platform of expert consultants and freelancers, is playing a crucial role in addressing the global green talent shortage, supporting Abu Dhabi and the UAE in their sustainability initiatives. With the region positioning itself as a hub for sustainable development and green technologies, the demand for professionals with sustainability skills
Planning authorities should have considered the impact of climate-warming emissions in approving an oil well near Gatwick Airport, the UK’s highest court has said, a ruling activists say could profoundly impact new fossil fuel projects in Britain. Environmental campaigners had argued that planning permission to retain and expand the oil well site near London’s Gatwick
Chinese solar panel manufacturers have said they are seeking immediate government intervention to curb investment and industry collaboration to arrest a plunge in prices of solar cells and modules, as the industry faces overcapacity. Financial incentives and a government push have helped China become the solar panel factory of the world, accounting for about 80%
Saudi Minister of Environment Eng Abdulrahman Al Fadhli has launched an incentives programme for the environment and meteorology sectors, which is one of the programmes of the Environment Fund to achieve the national strategy for the sector. This came during the celebration of World Environment Day 2024, which was hosted by Saudi Arabia under the
New Zealand’s government has said it plans to reverse a five-year-old ban on new oil and gas exploration, igniting a backlash from political opponents and environmental groups. A bill to be introduced this year would end the ban that has only allowed exploration for new petroleum on some onshore fields in the country’s North Island.
