Transition Finance: archive
Every Transition Finance story in Sustainable Investing, newest first. 190 stories
4 stories
UK launches £2bn Energy Wealth Fund funded by North Sea tax revenue
The fund sits within the National Wealth Fund and will invest in renewable and low carbon energy infrastructure across the UK.
European Investment Bank commits at least €30bn to climate adaptation by 2030
The 2026–2030 plan doubles the bank's financing pace and includes blended finance and risk-sharing tools to mobilise private capital.
GM Ventures leads $108m Series B into Peak Energy's sodium-ion storage
The company says the funds will scale domestic manufacturing, fill more than $1 billion in existing orders and push its passively cooled systems into data-center power.
Citi structures $72 million note tied to Applied Carbon biochar credits
Investors receive payments tied to the project's carbon credits instead of traditional coupons, ESG Today reported.
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UK government announces £2bn Energy Wealth Fund backed by North Sea tax
Announced the same day as Jackdaw gas field approval, the fund will sit alongside Great British Energy and the National Wealth Fund.
Citi closes $72 million carbon removal-linked note for Texas biochar project
Investors forgo a conventional coupon for payments tied to credits the project issues and delivers; Nuveen participated.
Ara Partners closes $2.5 billion conventional-energy fund
The inaugural pool combines $1.8 billion of fund commitments and $700 million of co-investment for power, biofuels and fuel distribution assets.
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EU awards €3.4bn of ETS revenue to 77 net-zero projects
Twelve large-scale projects take nearly half the €3.4bn; small modular nuclear and direct air capture projects are firsts, per ESG Today.
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Blackstone closes energy transition fund at $8.7bn hard cap
BETP V's $8.7bn final close exceeds the $5.6bn fourth vintage by more than 50%, with three platform companies and three acquisitions already funded.
JPMorgan adds grid and nuclear to green-finance eligibility, reports 49% of $2.5tn goal
The bank reported $217 billion of sustainable-development financing in 2025 and set 2035 carbon-intensity targets including a 79% cut for its electric power portfolio.
Sosteneo secures more than €450m in commitments for second clean energy fund
The Generali Investments unit drew more than €150m in new fund and co-investment capital at the first external close, with Generali Insurance Companies increasing its commitment.
NORD/LB announces deal to acquire renewable energy adviser Voltiq
Founded in 2009, the Amsterdam- and Madrid-based boutique advises on project financing, debt and equity raising and M&A; terms were not disclosed.
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LanzaJet secures at least $20 million as LanzaTech lifts its stake
The SAF producer says the financing is part of a shareholder recapitalization and debt-reduction initiative, with Jennifer Holmgren becoming interim CEO.
L&G and NTR raise approximately $385 million at the first close of Clean Power Transition IV
The renewable infrastructure fund adds battery storage and electrification assets, with three acquisitions already completed in Finland, Sweden and Ireland.
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Frontier buyers including Google sign $11.7 million carbon removal deal with 44.01
The contract covers 20,932 tons of removal between 2028 and 2031 and is Frontier's first offtake involving in-situ mineralization.
AEP commits $4 billion to 702 MW Wyoming fuel cell plant under Google PPA
The 702 MW Cheyenne project would use Bloom Energy fuel cells and is slated to be fully operational by the end of 2028.
L&G and NTR raise €330m at first close of Clean Power Transition IV
The fund has already completed three acquisitions, including a battery storage project in Finland and a Swedish platform with more than 1 GW of projects.
JPMorganChase broadens low-carbon financing definition to grid and nuclear
The bank folds its energy and sustainability teams into a new center and ties portfolio carbon intensity targets to the IEA's 2025 net-zero scenario.
Hy24 signs agreement to acquire EDF's Hynamics hydrogen unit
The buyer is Hy24's Clean Hydrogen Infrastructure Fund, which has raised €2 billion; the transaction could complete in the first quarter of 2027 subject to regulatory approvals.
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JPMorgan keeps financed-emissions targets and rebalances energy strategy
The bank reported $1.2 trillion toward its $2.5 trillion sustainable-finance goal at the end of 2025, progress it says was aided by broader eligibility criteria.
1KOMMA5° raises over €70m at a $1.35bn pre-money valuation
CFO Micha Grüber said the round was oversubscribed; 1KOMMA5° plans to invest over €100m in its Heartbeat AI platform in 2027.
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Tavion raised $58 million in equity and debt for its first Polish battery storage projects
Construction began October 8 at a Bydgoszcz site with 20 MW of grid connection capacity and 40 MWh of storage.
Epyr raises €15 million Series A led by SlateVC for industrial heat storage
The Paris company's first named project is a 35 MWh thermal store for French paper maker Papeco, designed to replace the site's natural gas use.
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KKR and TotalEnergies plan $1.2B expansion of US solar joint venture
The deal would add 700 MW in Texas and Ohio, taking the partners' jointly held capacity to about 2.1 GW from 1.4 GW.
Blaze Energy raises $6.5m seed to retrofit ship engines for alternative fuels
The Colorado startup's Flex-Fuel Reformer System is designed to run on existing engine platforms; a Lomar Shipping pilot is planned for 2027.
BII plans $1.6bn Southeast Asia climate finance push over five years
About half the total is expected to come from BII itself, with the remainder mobilized from private investors, according to the UK development finance institution.
KKR and TotalEnergies to add 700 MW of solar to US joint venture
The addition carries an enterprise value of $1.2 billion and grows the partners' jointly held U.S. solar portfolio by 50%, with the new projects due to operate by early 2027.
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USDA rules end upfront REAP grants for farm energy projects
Applicants must finance and complete projects and show a full year of energy savings before applying; rules take effect Oct. 16.
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South Korea launches K-GX strategy to mobilize $747 billion over ten years
The plan allocates 200 trillion won of government spending and 570 trillion won of state-backed climate finance, with private projects covering the remainder.
Shell Foundation backs $200m emerging-markets climate fund with first-loss capital
The Lendable Transportation and Energy Fund raised $135 million at its first close in December 2025 and targets $200 million by mid-2027, with IFC, FMO and SIFEM anchoring senior tranches.
CIP takes final investment decision on 20 Italian biomethane projects
Via Verde is the first investment from CIP's Advanced Bioenergy Fund II and is expected to produce about 1 TWh of biomethane a year once built.
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DOE prepares up to $4.2B in conditional financing for Vistra nuclear uprates
The commitment would support upgrades at Beaver Valley, Davis-Besse and Perry, and the projects are expected to add 433 MW.
Aviva Investors and ABN AMRO invest €100m in Dutch recycled concrete supplier SL Materials
The round runs through Aviva Investors' Climate Transition European Infrastructure Fund and ABN AMRO's Sustainable Impact Fund, and the announcement does not disclose how the capital divides between them.
Eurazeo agrees to acquire majority stake in Spain's Miya Water
The Madrid water-loss specialist is the fourth investment from Eurazeo's Planetary Boundaries Fund, the firm's impact buyout strategy launched in 2024.
Clean Growth Fund and AP Ventures back £10m Series A for Reclinker
The Welsh company recovers cement paste from demolition waste and reprocesses it in steel-recycling furnaces; the £10m will go to Cardiff production capacity and staff.
Constellation and Google sign 20-year PPA for $4.3 billion of nuclear uprates
The agreement adds 890 megawatts across six operating plants in Illinois, Pennsylvania and New Jersey by the end of 2032, with Google as anchor customer.
Zelestra closes $350m green credit for 203 MW Indiana solar with Meta PPA
CIBC, BBVA and Societe Generale provided the facilities, and the close pushes the Madrid developer past $1 billion in US project financing this year.
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Novele raises $17 million Series A for AI energy software in commercial buildings
Boisei Labs led the round, which will fund engineering and deployment hiring and further BoardOS development across a pipeline of more than 2,000 buildings.
Type One Energy raises $200 million with Siemens Energy Ventures backing
The fusion developer's total funding passes $400 million as PitchBook ranks the round third-largest among fusion Series B raises in five years.
Rezolv secures up to €561m from 14 lenders for 1.3GW Dama Solar
The EIB anchors the package under an InvestEU guarantee, with Romanian contracts for difference covering 520MW of the build.