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. Certification Program: ClimeCo has launched the ClimeCo Certified Product Program, which offers businesses a" way to connect with eco-conscious consumers and verify their environmental efforts through transparent certification."
2. Talent - Consulting and Software:  WAP Sustainability, a software and consulting firm, has hired Bryan Sheehan as managing director of ESG and carbon strategies.
3. Energy Storage: COP29 will propose a target to increase worldwide energy storage capacity more than sixfold to 1,500 GW by 2030. ETN reported. To achieve this, the world would need to add ~158 GW of energy storage capacity each year.
4. AI Lawsuit: Gemini Data, a small AI company, has filed suit against Google, Reuters reported, claiming the search giant allegedly violated trademark rights to the Gemini name.
B. Sustainability M&A, Investments, Funding and Green IT Business Launches
1. AI Accelerator: Amazon has selected 80 startups for the 2024 AWS Generative AI Accelerator. Participants include Unravel Carbon (a carbon management software platform) and Multiverse Computing (quantum algorithms that energy efficiency and sustainability of GenAI).
2. Private Equity: Insight Partners is on the verge of closing a new $10 billion-plus fund, roughly half of the amount it had originally targeted but a sign that technology investors are cautiously returning to a venture market that has been battered over the past two years, Financial Times reported.
3. OpenAI - Potential Funding Stipulations:Â OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors, Reuters reported.
4. Reverse Stock Split: Nuvve, a green energy technology company that enables EV batteries to store and resell unused energy back to the local electric grid, will implement a 1-for-10 reverse stock split after U.S. markets close on September 16, 2024.
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
1. COP29: The first official Green Zone partners of COP29 in Azerbaijan have been announced. These include Azerbaijani businesses SOCAR Green as the Energy Transition Partner, PASHA Holding as the Impact Partner and Azersun Holding as the Sustainable Growth Partner, according to the Azerbaijan State News Agency.
2. United States - SEC Disbands ESG Group: The SEC has quietly disbanded a group of enforcement lawyers who helped bring litigation fighting misleading environmental, social and governance (ESG) disclosures for more than three years, Bloomberg Law reported.
D. Sustainability and Green Technology Conference Calendar
- Workday Rising 2024Â (September 16-19, Las Vegas)
- Net Zero Conference 2024Â (September 17-18, Anaheim, California)
- Salesforce Dreamforce 2024Â (September 17-19, San Francisco, California)
- Sustainability Summit 2024Â (September 18-19, Hamburg, Germany)
- International Conference on Sustainability Education 2024Â (September 19-20, New Delhi, India)
- 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 sustainability, green IT and renewable energy news for technology partners.
