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. 2025 Predictions: Sustainable IT services will influence multiple IT industry trends in 2024, IDC predicted. Key trends to watch include cloud modernization for operationally efficient and sustainable IT outcomes; as well as sustainable AI frameworks that focus on "minimizing the environmental impact of artificial intelligence by addressing key elements such as energy efficiency, resource optimization and e-waste reduction," the researcher said.
2. Sustainable IT Devices: Alchemy, a circular technology company, announced revenues of $711 million for the financial year ending 31 March 2024, up 60% from the previous year. Alchemy traded more than 2.4 million devices in its fiscal year 2024, up from 700,000 devices the previous year. The company recovers, refreshes and remarkets smartphones, tables, laptops, wearable devices and more.
3. Microsoft AI Revenues: Microsoft's AI business is on track to surpass an annual revenue run rate of $10 billion next quarter, which will make it the fastest business in Microsoft's history to reach that milestone, CEO Satya Nadella said during the company's Q1 2025 earnings call.
4. Executive Leadership - Software: Measurabl, which develops ESG data management software for the real estate sector, has hired Edward Allen as its new chief revenue officer (CRO).
5. Executive Leaders - Consulting: WSP has hired William S. Haas as a senior vice president and national market leader for distributed energy and electrification, the global consulting firm said.
6. EV Charger Business Model: ChargePoint announced a cloud services plan that offers a "competitively priced software fee that is covered by driver payments for charging," the company said. "All revenue beyond this fee is remitted back to the station owner monthly, and activation of the stations is included under the Essentials plan at no extra charge."
7. EV Charger Project: Blink Charging won a nearly $2 million grant to own and operate EV chargers for the state of Illinois, the company said.
8. Renewable Energy - Higher Education: Lehigh University leverages on-site and off-site renewable energy to address 100% of its electricity consumption.
9. Solar Market Challenges: Sunnova Energy is the latest solar energy company to announce disappointing quarterly results. Industry headwinds include intense competition from Chinese companies, reduced government incentives in California, and interest rates that make it difficult for some customers to finance solar projects.
B. Sustainability M&A, Climate Tech Investments, Funding and Green IT Business Launches
1. M&A - Software: Siemens is acquired Altair Engineering at an enterprise value of $10 billion. The deal focuses heavily on industrial simulation software -- which includes some sustainability use cases.
2. 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. Asia - Research: Countries in Asia-Pacific will need to spend big to adapt to climate change, The Wall Street Journal reported. But the cost of climate inaction could be higher, according to a new report by the Asian Development Bank.
2. United States - California and Sustainable Aviation Fuel (SAF): The state of California and a group representing major U.S. passenger and cargo airlines said they plan to sharply boost the use of sustainable aviation fuel, Reuters reported.
3. United States - ESG Reporting: Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, Reuters reported.
4. United States - San Diego Climate Plan: San Diego has launched its latest Climate Action Plan (CAP) along with an online dashboard that enables the public to track progress on its environmental goals, Cities Today reported.
D. Sustainable IT and Green Technology Conference Calendar
- Verge 2024Â (October 29-31, San Jose, California)
- Bloom 2024 Biodiversity and Climate Conference (October 29-30)
- Gartner IT Symposium Xpo 2024Â (November 4-7, Barcelona, Spain)
- Ecomondo 2024Â (November 5-8, Rimini, Italy)
- COP29 (November 11-24, Baku, Azerbaijan)
- Complete Calendar of Sustainability Conferences
E. Previous Updates & Future News
