CLIMATE TECH
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Hamburg-based Novocarbo raises €25m funding to catalyze Europe’s net zero infrastructure
Hamburg-based startup Novocarbo, has secured €25 million in growth funding to establish a pan-European infrastructure network of its net-zero solution. The investment, made by SWEN Capital Partners (SWEN CP), marks one of the largest CDR-investments in Europe within the last year. With the new financing through the SWEN Impact Fund for Transition 2 fund, Novocarbo will further expand its network…
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NCBA and Proparco sign Sh6.7bn green financing deal
NCBA Group has signed a USD 50 million (Sh6.7bn) facility with French development finance institution Proparco for on-lending to small and medium-sized enterprises (SMEs) helping combat climate change. NCBA has a long-standing relationship with AFD Group and continues to evolve its commitment to sustainability. In 2023, the group launched its Change The Story platform anchored on five strategic pillars and a…
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Salesforce Announces Clean Energy Programme Management
Salesforce has introduced Clean Energy Programme Management for Energy & Utilities Cloud. This new solution streamlines the launch, management, and oversight of energy efficiency, conservation, electrification, and EV charging programs to help electric, gas, and water utilities increase customer participation in clean energy programmes. Energy & Utilities Cloud is built on the Einstein 1 Platform, Salesforce’s trusted customer platform. The…
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Uptake Alliance announces inaugural cohort of 15 climate-tech startups
Uptake Alliance, an emerging venture development program dedicated to fostering breakthrough climate technologies, has announced the selection of its inaugural startup cohort. The innovation program, designed to facilitate and propel startups to secure commercial agreements, boost revenue, assemble exceptional teams, and secure funding, launches later this month. The program will feature an extensive and bespoke curriculum, mentorship from industry experts,…
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AfDB announces $15M investment in Trade and Development Bank to support clean technologies in Africa
The African Development Bank Group has announced a follow-up equity investment of $15 million in the Trade and Development Bank Group’s (TDB Group) pioneering Class C Green+ shares to support clean technology and low-carbon projects in its member states. The new capital, to be sourced from the Clean Technology Fund (CTF), will also support the establishment of a project preparation…
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