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. Cloud Services & IT Services: Wipro has expanded its strategic partnership with Google Cloud. The expanded effort focuses heavily on GenAI solutions.
2. Higher Education - Donation 1: Shell plans to donate more than $1 million to fund Penn State initiatives focused on "energy transition, decarbonization, polymer recycling and biodiversity, and the creation of an inclusive and innovative energy workforce," the university said.
3. Higher Education - Donation 2: The University of Pennsylvania is launching the Penn Climate Sustainability Initiative -- which will "advance interdisciplinary work on climate and sustainability," the university said. UPenn will also hire a Vice Provost for Climate Science, Policy, and Action. A $10 million gift from alumnus Alp Ercil will fund the overall effort. Ercil is founder and chief investment officer for Asia Research and Capital Management, an investment management firm founded in 2011.
4. Exit: Goldman Sachs has exited Climate Action 100+, a major alliance for climate investors, Bloomberg reported.
B. Sustainability M&A, Investments, Funding and Green IT Business Launches
1. Funding - Battery Charging Startup: Gaussion has raised $12 million in Series A funding. Autotech Ventures led the round, Tech Funding News reported. Gaussion spun out from the University College of London (UCL) to focus on rapid battery startup technology.
2. M&A - Professional Services and Energy Engineering: Global professional services firm WSP has acquired Power Engineers, a power and energy consulting firm. The purchase price -- US$1.78 billion -- represents a 12.5X valuation multiple based on post-deal synergies, WSP estimated. Power Engineers, backed by 4,000 employees, focuses on various energy transition and infrastructure markets. WSP lined up various financing to fund the deal, SeekingAlpha noted. Key investors in WSP include CDPQ.
3. 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 major updates to share today.
D. Sustainability and Green Technology Conference Calendar
- XeroCon Nashville 2024Â (August 14-15, Nashville, Tennessee)
- World ESG Summit Dubai (August 20-21, Dubai, UAE)
- Tennessee Sustainability Conference 2024Â (Gatlinburg, Tennessee, August 20-23)
- VMware Explore 2024Â (August 26-29, Las Vegas, Nevada)
- 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.
