Newsletter Signup

Site Search

Sustainability News for Technology and Green IT Partners: 11 July 2023

July 11, 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

1. Corporate Sustainability Reports: Our database of corporate sustainability reports now spans 231 businesses. The latest addition is marine transportation services company Gaslog.

2. Chief Sustainability Officers List: Our database of chief sustainability officers now spans 293 CSOs. The latest additions are Jessica Donohue, head of global investment insights, sustainability and impact at State Street Corp.; and Giovanni Cossu, head of sustainability at CapitaLand Development (CLD).

3. Volkswagen Shakeup: Volkswagen Group has named Giovanni Palazzo as its new head of charging and energy. He also leads the Elli brand as CEO and head of sales. Palazzo will focus on "expanding the fast-charging network and further advancing the development of Volkswagen’s own smart energy platform." Among the other areas to note: Keep an eye on VW's Elli and Electrify America efforts. Electrify America is Volkswagen's charging network. Volkswagen’s goal is to work with partners to build more than 43,000 fast-charging points in Europe, China and North America by 2025. Eli is a mobility service provider.

Egil Andre Fagerland
Egil Fagerland, CEO, Aker Carbon Capture

4. Leadership - Carbon Capture Technology: Aker Carbon Capture of Oslo, Norway, has promoted CFO Egil Fagerland to succeed Valborg Lundegaard as CEO. Lundegaard is stepping down to focus on her health and family. Petter Natås will serve as interim CFO until a successor is found. Key Aker Carbon Capture partners include Microsoft.

5. Battery Energy Storage - Integrator : Ameresco, a cleantech integrator, has won a contract to deploy battery energy storage solutions for United Power. The deal involves four 11.75 MW and four 7.84 MW battery arrays across eight different substation sites owned by United Power, encompassing Adams, Broomfield, and Weld counties in Colorado. Financial terms of the deal were not disclosed.

6. Electric Vehicles - Business Challenges: Nio of Shanghai, China, once more finds itself trapped in a cycle of dismal sales, low profitability and aggressive competition, Bloomberg reports.

7. Electric Vehicle Charging Network - Partnership: TurnOnGreen has partnered with North American Vehicle Services (NAVS) and Page One Automotive to deploy EVP1100 Level 2 EV chargers at 14 locations across the United States.

  • TurnOnGreen offers EV charging solutions to homes, businesses, and fleets across North America. The solution spans electric vehicle charging hardware, management software, and network services. The platform allows municipalities, businesses, and homeowners to monetize, track and report EV charger usage.
  • NAVS loans EVs to members of the press, journalists, influencers and media organization.
  • Page One provides fleet management, event services, and logistics solutions for the automotive industry.

B. Sustainability M&A, Investments and Funding

1. M&A - Energy as a Service: Global smart energy company GridBeyond has acquired Veritone Inc Energy Business, a provider of AI software and services in North America. Financial terms of the deal were not disclosed.

2. All M&A Activity: Our M&A database has now tracked 96 mergers and acquisitions involving sustainability so far in 2023. See all M&A deals involving sustainability listed here.

3. ESG Investment Pushback: The backlash against investing strategies that factor in environmental, social and governance issues is rising in the US and is impacting the way managers are thinking about integrating such considerations into their funds, Bloomberg reported, based on a survey by HSBC Holdings Plc.  

C. Regional and Global Sustainability Policies and News

1. Global Climate Financing: Finance leaders, companies and philanthropists have committed more than $2 billion to help finance efforts to reduce carbon emissions and boost climate resilience across Africa, Asia and Latin America, a joint UK-U.S. statement said, according to Reuters.

2. US Policy Concerns: Stellantis and Toyota Motor blasted a Biden administration plan to squelch auto pollution, saying it would compel aggressive and unrealistic sales of electric vehicles that strain critical mineral supplies, Bloomberg reported.

D. 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.

subscribe to our newsletter


Leave a Reply

Your email address will not be published. Required fields are marked *

  • Latest Updates

  • Most Read

  • Search Our Sustainability Databases

  • Sustainability & Green IT Predictions for 2024

    • Recent Comments
      Most Comments
  • Tab #1
    Tab #2
    Tab Content #1
    Tab Content #2
    linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram