Here is today’s sustainable IT services and climate tech news, research and analysis -- written for technology partners, green IT service providers, CIOs, chief sustainability officers (CSOs) and climate accounting professionals.
A. Sustainable IT, Talent, Partnerships and Green Tech Alliances
1. Schneider Electric CEO Change: Schneider Electric's board ousted CEO Peter Herweck and installed Olivier Blum as the company's new chief executive officer. Here's why.
2. Research: Achieving global net zero by 2070, and thus keeping global warming to about 2 degrees Celsius of pre-industrial levels, will require investment of more than $74 trillion, according to Goldman Sachs Research.Â
3. Partnership - Data Center Technology: Fujitsu and AMD are partnering to create energy-efficient computing platforms for AI and high-performance computing (HPC). Much of the work will involve open source initiatives, FUJITSU-MONAKA ARM processors and AMD Instinct accelerators, the companies said. Related products and services should arrive by 2027.
4. Energy Management Systems: Engenuity Systems has introduced eViewIoT PRO for Retail, an IoT energy management platform designed to "optimize equipment runtimes and reduce energy consumption." The application is built on Microsoft Azure cloud services.
5. Nuclear Deal Expansion - Rejected: The U.S. Federal Energy Regulatory Commission (FERC) rejected an expanded Amazon-Talen Energy nuclear power agreement. FERC members said the deal could raise power bills for the public and affect the grid's reliability, SeekingAlpha reported. Talen Energy is "exploring other solutions" to move forward. The news pressured multiple nuclear energy stocks -- which had benefitted in recent months from various data center partnership news. Related: Nuclear power for data centers.
6. Conference - CES 2025: Volvo Group CEO Martin Lundstedt will discuss the company's vision for a "100% safe, 100% fossil-free nd 100% more productive transportation infrastructure," the company said. Similarly, Panasonic Group CEO Yuki Kusumi will discuss "green energy technologies and circular economy practices to help address the urgency of the climate crisis."
B. Sustainability M&A, Climate Tech Investments, Funding and Green IT Business Launches
1. Accelerator - State of Michigan: The Michigan Climate Investment Accelerator, launched in November 2024, aims to "attract billions of dollars to finance the development of clean energy projects for consumers, businesses, nonprofits, and local governments throughout Michigan," according to the Kresge Foundation.
2. Funding: BlackRock clients withdrew more cash from its ESG funds in Europe than they allocated in Q3 2024, Morningstar Direct research found.
3. Financing: Aviation Capital Group LLC (ACG), an aircraft asset manager, has secured a $550 million sustainability-linked loan. ACG will receive pricing adjustments based on its performance against two Key Performance Indicators (KPIs) – increasing the share of new generation aircraft in ACG’s fleet and reducing the carbon intensity of its owned fleet.
C. Regional and Global Sustainability Policies and News
1. COP29 - United States Delegation: More than 20 officials from the Biden administration will attend COP29. However, President Biden will not attend the climate conference, The Hill noted.
2. COP29 - Investment Guide:Â Azerbaijan this month plans to launch a set of standards agreed by more than 100 countries to guide sustainable investment, the country's central bank governor said and Reuters reported.
3. COP29 - Climate Financing Discussions: The climate financing theme will dominate COP29 discussions at COP 29, McKinsey predicted.
D. Sustainable IT and Green Technology Conference Calendar
- Ecomondo 2024Â (November 5-8, Rimini, Italy)
- GreenTech Forum 2024Â (November 5-6, Paris, France)
- COP29 (November 11-24, Baku, Azerbaijan)
- GreenBuild 2024 International Conference and Expo (November 12-15, Philadelphia, Pennsylvania)
- Wisconsin Sustainable Business Council 2024 (November 12-13, Milwaukee)
- Complete Calendar of Sustainability Conferences
E. Previous Updates & Future News
- Future Updates: If you have news to share then please email me the details.
- Did You Miss Yesterday's Daily Update?: Here is our previous sustainable IT, climate tech and renewable energy news for technology partners.
