Sustainability and Green IT Services News for Technology Partners: 26 January 2024

Here is today’s sustainability news, research and analysis for technology partners; renewable energy and green IT service providers; management consultants; CIOs; chief sustainability officers (CSOs) and c-suite members.

A. Sustainable Technology, Talent, Partnerships and Green IT Alliances

1. Channel Chief- Data Center Infrastructure Management (DCIM): Modius has hired Copie Davis as VP of channel sales. Modius develops OpenData, a set of tools for managing mission critical infrastructure. Key capabilities include energy management and power management.

2. Partnership - Climate Data Reporting: Diligent and Manifest Climate are partnering to assist customers with climate measurement, reporting and disclosure.

3. Partnership: Deloitte and Circle Economy Consulting are partnering to help customers enable sustainable and resilient supply chains, ESG Today reported.

4. Partnership - Energy Storage: Customized Energy Solutions (CES) and Sonoma Clean Power are partnering to promote energy storage management solutions for customers in California.

5. Partner Program: Redaptive, which develops Energy-as-a-Service and energy metering solutions, has launched an updated Partner Program for Channel and Alliance partners. Joel Ullmann, chief partnerships officer at Redaptive, is leading the effort.

6. Research - Sustainable Energy Management Market Growth Forecast: The global Sustainability Energy Management Software Market will reach $5.2 billion by 2034, up from $ 1.7 billion in 2024, according to a Fact.MR forecast. That's an 11.8% compound annual growth rate (CAGR), the company said.

7. Refurbished Tech Marketplace: Reebelo, an online marketplace for refurbished tech and lifestyle products, is seeking to grow even faster in Australia and New Zealand. The marketplace serves 300,000 customers worldwide. Reebelo has offices in Australia, the U.S., Singapore, New Zealand, Malaysia, Hong Kong SAR and South Korea. Reebelo raised $50 million in Series A funding in March 2023. The round was led by Cathay Innovation (Global) with participation from Moore Strategic Ventures (USA), Gandel Invest (Australia), and Antler (Global) and also marks Reebelo's official launch in the United States.

B. Sustainability M&A, Investments, Funding and Green IT Business Launches

1. M&A - Power Equipment: Hitachi Energy has acquired COET, a designer and manufacturer of power equipment for electric mobility, rail, and industry, based in the greater Milan area of Italy. COET will operate as a standalone business under its existing management team and retain all of its operations. COET has roughly 80 employees. Financial terms of the deal were not disclosed. Related: The Hitachi Energy User Conference 2024 is scheduled for May in Colorado.

2. M&A - Environmental Consulting: NV5 Global has acquired CHW Professional Consultants, a provider of engineering and infrastructure consulting services in Florida. CHW has 130 employees. NV5 has more than 100 offices nationwide. Financial terms of the deal were not disclosed.

3. Complete M&A List: Here's our database of all M&A deals involving sustainability, green IT and renewable energy buyers, sellers and investors.

C. Regional and Global Sustainability Policies and News

1. China - Solar Energy Reality Check: China installed more solar panels in 2023 than any other nation has built since inception, Bloomberg reported. Still, China’s solar factories are tapping the brakes as the industry struggles with a price war and overcapacity that could force many Solar factories into bankruptcy, Bloomberg reported.

2. United States - New Jersey Offshore Wind Power: Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation today, Reuters predicted. Potential bidders include units of European energy firms Orsted, Equinor and BP, the report said.

D. Sustainability and Green Technology Conference Calendar

1. Green Investment and Sustainability Summit 2024 (January 30-31, Chennai, India)
2. ARC Industry Leadership Forum 2024 (February 4-8, Orlando, Florida)
3. Music Sustainability Summit 2024 (February 5, Los Angeles, California)
4. ConnectWise Automation Nation 2024 (February 6-10, Tampa, Florida)
5. GTDC Summit North America 2024 (February 7-9, Oceanside, California)
6. Complete Calendar of Sustainability Conferences

E. Previous Updates & Future News

1. Did You Miss Yesterday's Daily Update?: Here is our previous sustainability, green IT and renewable energy news for technology partners.
2. Future Updates: If you have news to share then please email me the details.