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Sustainability and Green IT News for Technology Partners: 25 July 2023

July 25, 2023 by Joe Panettieri

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

Got News to Share? Email me the details.

A. Sustainable Technology, Talent, Partnerships and Alliances

Mike Ng, group chief sustainability officer, OCBC

1. Chief Sustainability Officer - Financial Services: OCBC (Oversea-Chinese Banking Corp), one of Singapore's largest banks, has named Mike Ng as its first group chief sustainability officer (CSO). Related: See and search our chief sustainability officer database here.

2. Corporate ESG Reports: Our database of corporate sustainability reports now spans 246 companies. The latest addition is East Penn Manufacturing.

3. Google Strategy: Google's 2023 environmental report and various Google sustainability metrics have surfaced.

4. Partnership - IBM ESG Software Reseller: Nexion Group of Perth, Australia, confirmed plans to resell IBM's Watson AI platform and the company's Sustainability Suite, CRN Australia reported. The ESG offering for data collection, analysis and reporting will be delivered using the IBM Envizi SaaS suite, while the asset monitoring, management, maintenance and optimization will be delivered using IBM’s Maximo, MRO and TRIRIGA software solutions, the report said.

5. Partnership - IT Consulting and Data Center Sustainability: Wipro FullStride Cloud has partnered with Pure Storage to "help clients accelerate their sustainability journey through the power of technology. The goal is to empower customers to drive a more sustainable data center footprint by providing more efficient strategies to minimize the environmental impact," the two companies said.

6. Startup Partnership - Green Data Centers: GreenSquareDC, a data center company focused on Green IT and sustainability, has joined NVIDIA Inception, a program designed to nurture startups. NVIDIA Inception will "empower GreenSquareDC with go-to-market support, training, and AI technology assistance," the companies said.

7. Sustainability Awards - Call for Nominations: Applications are now open for the second installment of the Schneider Electric Sustainability Impact Awards.

8. Research - Consulting Market Trends: Here's a look at key sustainability consulting market trends for 2023, according to Source Global Research.

9. Massachusetts - Solar Energy Partnership: Altus Power and channel partner REA have built a solar and batter storage system in Holliston, Massachusetts. The project adds the 116 megawatts of solar arrays owned and operated by Altus Power in Massachusetts (as of March 31st, 2023), the company said.

10. California - Solar Energy Partnership: Trinchero Family Estates, the second-largest family-owned winery and largest winery in Napa Valley, has partnered with REC Solar/Duke Energy Sustainable Solutions. The partnership involves solar projects across four sites that will reach 11.5 million kWh, the companies said.

11. Energy Subscription Services: Bloom Energy has launched Series 10 -- a 10MW fuel cell offers a five-year, flat-rate contract that "enables customers to rapidly meet growing power needs and net-zero compliance at competitive costs and without committing to a long-term contract or worrying about cost increases," Bloom Energy asserted.

12. Financial Results - Renewable Energy Equipment: GE Vernova in Q3 of 2023 achieved "record" renewable energy orders of $8.3 billion, and the organization achieved double-digit revenue growth of 24% led by higher demand for Onshore Wind, Offshore Wind, and Grid. The organization's Power business "delivered solid services orders and profit growth driven by continued productivity and price," GE Vernova added.

B. Sustainability M&A, Investments and Funding

1. All M&A Activity: Our M&A database has now tracked 105 mergers and acquisitions involving sustainability so far in 2023. See all M&A deals involving sustainability listed here.

C. Regional and Global Sustainability Policies and News

1. United States - Solar Power Concerns: Despite the generous tax breaks they are receiving from the Biden administration, many US companies planning to build solar factories can expect to suffer severely or fail altogether, BloombergNEF reported.

2. United Kingdom: UK greenhouse gas emissions dropped in the first quarter for the first time in two years, as the post-pandemic recovery in demand eased and renewable energy contributed more to the energy mix, Bloomberg reported.

3. South Africa: The country's electricity minister attacked the country’s groundbreaking $8.5 billion climate finance pact with some of the world’s richest nations whereby it will close some coal-fired power plants and re-purpose them to produce renewable energy, Bloomberg reported.

. India - Green Investments: New policies to classify green investments would help spur an energy transition in India that’s likely to need spending of $200 billion a year, according to REC Ltd., a key lender to the nation’s power sector, Bloomberg reported.

D. Sustainability and Green Technology Conference Calendar

  1. IAEE European Conference 2023 (July 24-27, Milan, Italy)
  2. ASES Solar 2023 Conference (August 8-11, Boulder, Colorado)
  3. MEMA Sustainability Summit (August 15, Troy, Michigan)
  4. World ESG Summit 2023 (August 21-22, Kuala Lumpur, Malaysia)
  5. Google Cloud Next 2023 Partner and Customer Conference (August 29-21, San Francisco)
  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: Send Us Your News Tips. Please email me the details.

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