Here is today’s sustainable IT services news, research and analysis -- written for technology partners, green IT service providers, CIOs, chief sustainability officers (CSOs) and climate accounting professionals.
A. Sustainable Technology, Talent, Partnerships and Green IT Alliances
1. Research: Fully 85% of CxOs say they have increased investments in sustainability in the past year—up from 75% in 2023, a Deloitte survey found.
2. Software - 2024 Partners of the Year: Workiva announced its 2024 Partners of the Year. Several of those partners focus on Workiva's ESG software.
3. IT Services: Logicalis has reduced Scope 1 emissions 27% and Scope 2 emissions 17% since fiscal year 2022, the global technology service provider said in its 2024 Responsible Business Report.
4. Online Marketplace: Sustaira launches the Sustaira Sustainability Marketplace with over 150 Sustaira-built and partner solutions, services, partners, and 50+ connectors that accelerate addressing sustainability data aggregation and disclosure challenges.
5. Data Centers: Netsooon.ai has launched Data Green -- which features technologies that "reduce carbon footprint, aligning with sustainable development and offering green, economical cloud hosting."
6. Data Centers - Renewable Energy: Exowatt has launched Exowatt P3, a modular energy solution (spanning solar and storage technologies) that's "designed to meet the growing power demands of data centers and energy-intensive industries." Exowatt is a high-profile startup backed by such investors as a16z, Atomic, and OpenAI CEO Sam Altman.
7. Partnership - IT Services and Energy Services: Capco and ESG are partnering to help "energy companies modernize and upgrade their legacy platforms." Capco, part of global IT consulting company Wipro, often serves retail energy suppliers and utilities. ESG provides SaaS-based energy solutions.
8. Partnership - Software: Thomson Reuters and SAP have partnered to fine-tune SAP's ESG software for EU compliance standards.
9. Partnership - Texas Energy: Vistra and Sunrun are partnering to support grid reliability for Texas homeowners. Specifically: TXU Energy & Sunrun Battery Rewards program will "aggregate power stored in residential, solar-connected batteries, forming a virtual power plant to dispatch energy back to the grid when it's needed the most," the two companies said.
10. Education: UPES, in collaboration with Mahindra University and Aspire Impact, has launched the ESG, Sustainability, and Impact Specialist Program (ISP), an "Executive Education initiative designed to cultivate the next generation of Chief Impact Officers."
B. Sustainability M&A, Investments, Funding and Green IT Business Launches
1. M&A - Energy Solutions: Siemens is acquiring Trayer Engineering Corp., a provider of medium voltage secondary distribution switchgear suitable for outdoor and below ground applications. Trayer's products, which are resistant to extreme weather conditions, can increase the resilience of the North American distribution grids, the seller said. Trayer has roughly 130 employees. Siemens specializes in industrial automation, distributed energy resources, rail transport and health technology. Financial terms of the deal were not disclosed.
2. M&A - Environmental Services: True Environmental, backed by private equity firm Halle Capital, has acquired Great Ecology & Environments -- a full-service environmental and ecological services consulting firm. Financial terms of the deal were not disclosed.
3. M&A - Climate Risk and Financial Services: Vaisala has acquired Speedwell Climate, a company that "provides data and software to structure, price, and settle index-based climate risk transfer contracts," the two firms said. Speedwell Climate, founded in 1999, is based in Harpenden, United Kingdom, with a subsidiary in the United States. The company has roughly 24 employees. Speedwell's net sales were nearly GBP 4 million (US$5.22 million) in 2023. Financial terms of the deal were not disclosed.
4. M&A - Private Equity and Environmental Services: Coalesce Capital, a private equity firm, has acquired Miller Environmental Group, a provider of waste, industrial, and environmental services across the United States. The seller was GenNx360 Capital Partners. Financial terms of the deal were not disclosed.
5. 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
No updates to share today. Check back tomorrow.
D. Sustainability and Green Technology Conference Calendar
- Louisiana Sustainability Conference 2024Â (September 13-14, Louisiana)
- Workday Rising 2024Â (September 16-19, Las Vegas)
- Net Zero Conference 2024Â (September 17-18, Anaheim, California)
- Salesforce Dreamforce 2024 (September 17-19, San Francisco, California)
- Sustainability Summit 2024 (September 18-19, Hamburg, Germany)
- Complete Calendar of Sustainability Conferences
E. Previous Updates & Future News
- Did You Miss Yesterday's Daily Update?: Here is our previous sustainability, green IT and renewable energy news for technology partners.
- Future Updates: If you have news to share then please email me the details.
