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Sustainability News 15 April 2024: Tesla Layoffs, EdgeConnex, iFixit, More

April 15, 2024 by Joe Panettieri

Here is today‚Äôs sustainability news, research and analysis for technology partners; renewable energy and green IT service providers; Today's sustainability news also involves management consultants; CIOs; chief sustainability officers (CSOs), c-suite members and climate accounting professionals.

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

1. Tesla Layoffs: The EV car maker is cutting more than 10% of staff, CEO Elon Musk disclosed to Tesla staff in a memo.

2. Supply Chain Carbon Reduction: Henkel has launched Climate Connect, a program that "aims to advance decarbonization along the value chain through the collection of emissions data, jointly defined actions for reduction and continuous upskilling," the company said.

3. Right to Repair - E-Readers: Rakuten Kobo is partnering with iFixit to make it "easy for customers to extend the life of their eReader by replacing common components."

4. Research - Carbon Capture and Storage Market Growth Forecast: The global carbon capture and storage (CCS) market size will reach $5.26 billion by 2032, up from $2.98 billion in 2022, Straits Research predicted. That's a compound annual growth rate expansion of 6.5%, the firm said.

5. Research - Refurbished Smartphone Market Growth Forecast: The refurbished smartphone market will reach $151.65 billion by 2030, up from $64.4 billion in 2022, according to SNS Insider. That's an 11.3% compound annual growth rate, the SNS forecast.

6. Research - Asset Disposition (ITAD) Market Growth Forecast: The IT asset disposition market will reach $57.4 billion by 2032, up from $19.9 billion in 2022, according to Allied Market Research. That represents an 11.5% compound annual growth rate (CAGR), the researcher said.

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

1. Funding - Energy Management: Seattle startup Bayou Energy has raised a $1.2 million pre-seed round, GeekWire reported. The company has developed technology that pulls customer data from U.S. utilities to provide real-time information on energy use as well as consumption over time.

2. Financing - Data Center Expansion: EdgeConneX has secured more substantiality-tied financing to build out data centers in Europe, Data Center Dynamics reported. The latest move involves an additional $1.9 billion in sustainability-linked financing to support its EMEA expansion, the report said.

3. M&A: Nexergy has acquired Cassandra as part of a push toward "sustainable resource production throughout Europe." Financial terms of the deal were not disclosed.

4. M&A - Environmental Services: True Environmental, backed by Halle Capital, has acquired Triton Environmental - a provider of environmental consulting and engineering services. Financial terms of the deal were not disclosed.

5. M&A - Potential Software Deal: Salesforce may acquire Informatica, a data software giant that also assists customers with ESG and sustainability data management, The Wall Street Journal reported.

6. 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. United Kingdom: Britain's climate change minister Graham Stuart resigned from the government after eight years on April 12, 2024,, saying it was the right time to step down, Reuters reported.

D. Sustainability and Green Technology Conference Calendar

  1. The World Future Energy Summit 2024 (April 16-18, UAE)
  2. Apidays Singapore 2024 (April 17-18, Signapore)
  3. Green IO Conference Singapore 2024 (April 18, Singapore)
  4. Sustainability Conference on Water as Sustenance (Stanford University, California)
  5. Caribbean Conference on Sustainable Tourism Development 2024 (April 22-24, Grenada)
  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.
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