Here is today’s sustainable IT services and climate tech news, research and analysis -- written for technology partners, green IT service providers, CIOs, chief sustainability officers (CSOs) and climate accounting professionals.
A. Sustainable IT, Talent, Partnerships and Green Tech Alliances
1. Trump Victory and Climate Tech: Here's what a Trump victory means for the climate tech industry.
2. Financial Performance, CEO Search: Johnson Controls, which promotes business energy management and various sustainability solutions, announced Q4 2024 financial results that beat Wall Street's expectations. So what's next? Current Johnson Controls CEO George Oliver is set to retire once the board finds a successor. The planned CEO transition surfaced after activist firm Elliott Investment pushed for changes at the smart building technology solutions provider.
3. Partnership - Consulting and Software: Advito and Clarasight are partnering to help organizations measure, budget, and forecast their carbon emissions, the companies said.
4. Software: Source Intelligence is pitching C-Map, a SaaS platform that "empowers enterprises to manage compliance and sustainability with greater efficiency," the company asserts.
5. ESG Software Launch: HSI has expanded its ESG solution with a new GHG Management Module. The module "harmonizes data collection in one platform, and provides insights assisting organizations in achieving their carbon reduction targets," HSI said.
6. Nuclear Commitment: Amazon.com has said it will continue to back a deal for an AWS data center in Pennsylvania powered by Talen Energy's nuclear power plant, despite regulatory pushback, SeekingAlpha reported.
7. Research - Small Modular Reactors (SMRs): The global small modular reactor (SMR) market will reach $6.48 billion by 2031, up from $5.72 billion in 2023, DataM Intelligence predicted. That's a 1.6% compound annual growth rate (CAGR). That's a remarkably slow growth rate considering the hype about SMRs as a potential power source for AI data centers.
8. Research - Carbon Footprint Management Market Forecast: The global Carbon Footprint Management Market will reach $18.2 billion by 2031, up from $9.3 billion in 2021, according to Allied Market Research. That's a 7% compound annual growth rate (CAGR) for the forecast period.
9. Research - E-Waste Recycling Market Forecast: The global e-waste recycling market will reach $66.33 billion in 2029, up from$48.41 billion in 2024, according to Markets and Markets. That's a 6.5% compound annual growth rate (CAGR), the researcher said.
10. AI Lawsuits: Google objected to new claims that involve consolidating AI copyright suits, Bloomberg Law reported.
11. AI Patent - Autonomous Driving: Tesla was awarded a patent for creating a system and method for adapting a neural network model on a hardware platform, SeekingAlpha reported. The patent may set the stage for Tesla to license its autonomous driving technology to third-parties.
B. Sustainability M&A, Climate Tech Investments, Funding and Green IT Business Launches
1. Startup Funding - AI Valuation: Perplexity is finalizing a new funding round that would value it at $9 billion—triple its valuation from just a few months ago—the latest sign of continued investor excitement for AI startups, The Wall Street Journal reported.
2. Investment: MIZUHO Bank is buying a minority equity stake in climate change investment and advisory firm Pollination Group for US$20 million, BusinessTimes reported.
3. Private Equity - EV Charging: Axxeltrova Capital will help Blink Charging to fund EV charger network expansion in Europe. Blink is seeking £100 million for the effort. We don't know how much money Axxeltrova Capital will contribute to the initiative.
4. M&A - Carbon Accounting Solutions: Normative of Stockholm has acquired carbon accounting solution provider Eivee of Denmark. The goal: Expand sustainability accounting services from the Nordics to all of Europe. Financial terms of the deal were not disclosed.
5. Complete M&A List: Here's our database of all M&A deals involving green IT and renewable energy buyers, sellers and investors.
C. Regional and Global Sustainability Policies and News
1. Trump Presidency and Paris Accord: A second U.S. withdrawal from the Paris Agreement would undermine global efforts to halt climate change, the United Nations chief said, according to Earth.org.
D. Sustainable IT and Green Technology Conference Calendar
- COP29 (November 11-24, Baku, Azerbaijan)
- GreenBuild 2024 International Conference and Expo (November 12-15, Philadelphia, Pennsylvania)
- Wisconsin Sustainable Business Council 2024Â (November 12-13, Milwaukee)
- Complete Calendar of Sustainability Conferences
E. Previous Updates & Future News
- Did You Miss Yesterday's Daily Update?: Here is our previous sustainable IT, climate tech and renewable energy news for technology partners.
- Future Updates: If you have news to share then please email me the details.
