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. Chief Sustainability Officers: Volvo Cars has hired Electrolux veteran Vanessa Butani as head of global sustainability. And at Electrolux, the appliance maker has promoted Elena Breda to chief technology and sustainability officer. Related: Search our global database of chief sustainability officers here.
2. CES 2024 Conference - Electric Mobility: Valeo will demonstrate green mobility innovations at the conference. For instance, a new software solution will be able to "predict and drive the most efficient thermal management strategies" for electric vehicles, the company said. Related: See all of our CES 2024 sustainability news here.
B. Sustainability M&A, Investments, Funding and Green IT Business Launches
1. Funding - Carbon Credits: Canada Growth Fund (CGF) will invest $200 million into Entropy Inc., a Calgary-based developer of carbon capture and sequestration projects. The investment is coupled with a fixed-price carbon credit purchase agreement of up to one million tonnes per annum (TPA).
2. Funding - Storage Startup: UltiHash, which focuses on higher-performance and sustainable data storage, has raised $2.5 million in pre-seed funding. Inventure led the round. UltiHash’s technology can decrease customers’ storage needs by up to 50%, helping them save millions on unnecessary storage and network costs, the company asserts.
3. M&A - Renewable Energy Management Software: Kraken has acquired Sennen, a provider of software for the delivery and operation of large-scale renewable energy generation. Kraken's software provides analytics, real-time monitoring, optimization and control of energy devices, such as solar and wind generation, batteries, heat pumps and electric cars. Sennen's cloud-based software provides oversight, maintenance and daily operation of renewable energy projects. Financial terms of the deal were not disclosed.
4. 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. United States - Offshore Wind: The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs, Reuters reported.
2. United Kingdom and Germany - Wind Power: Wind power output reached a record high in both Germany and the UK on December 21, 2023, as a storm covering northern Europe boosts generation across the region, Bloomberg reported.
3. European Union - Regulations: The European Council and the Parliament reached a provisional agreement on the Corporate Sustainability Due Diligence Directive (CSDDD), JD Supra reported. The CSDDD requires that certain EU-based and non-EU-based companies conduct broad human rights and environmental due diligence across their operations and supply chains, the report noted.
D. Sustainability and Green Technology Conference Calendar
- Sustainability Forum Middle East (SFME) 2024 (January 8-9, Bahrain)
- CES 2024 (Las Vegas, Nevada)
- European Chief Sustainability Awards (January 15, Davos)
- Intersolar North America and Energy Storage North America 2024 (January 17-19, San Diego, California)
- Recycling, Circular Design & Sustainable Sourcing for EV Batteries & Carbon Neutral Vehicles USA Congress 2024 (January 23-25, Detroit, Michigan)
- 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.
