Staff Writer
In this Deals + Dollars update, we spotlight the latest investments, partnerships, and acquisitions driving sustainability across industries.
ORLEN Group Acquires Two Solar PV Farms and Wind Farm, Adding 300MW Capacity
ORLEN Group, through its subsidiary ORLEN Wind 3, has acquired two solar photovoltaic (PV) farms and a wind farm from EDP Renewables Polska, increasing its renewable energy capacity by over 300 megawatts (MW). The assets, located in Poland’s Zielona Góra, Poznań, and Łódź provinces, bring ORLEN’s total capacity to 580MW in onshore wind and over 350MW in solar PV. These projects are expected to generate 400 gigawatt hours (GWh) of electricity annually, enough to power 182,000 households, supporting ORLEN’s renewable energy goals.
Antelope Enterprise Expands into US Market, Targeting High-Demand Computing Power Industries
Antelope Enterprise Holdings Limited, a provider of energy infrastructure solutions through natural gas power generation, has entered the U.S. market to supply energy for high-performance computing power industries, driven by the rapid expansion of artificial intelligence (AI) and data centers. With global data center energy consumption projected to surpass 660 terawatt hours (TWh) annually by 2030, AEHL aims to meet the growing demand by tripling its investment and productivity each year, targeting a 500 MW production capacity by 2026 and projecting annual revenue of $300 million.
Redaptive Secures $100 Million from CPP Investments to Drive Decarbonization
Redaptive, a leading Energy-as-a-Service (EaaS) provider, has secured a $100 million investment from the Canada Pension Plan Investment Board (CPP Investments). The capital will help Redaptive expand its customer base, which includes over 40 Fortune 500 companies, and accelerate its carbon reduction efforts across industries. Redaptive has enabled customers in energy-intensive sectors, such as commercial and industrial buildings, to achieve significant CO2 reductions, saving the equivalent of 2.3 million metric tons to date. This funding supports their mission to help large-scale building portfolios adopt sustainable solutions at a faster pace and larger scale.
Sarmayacar’s Climaventures Fund Raises $15 Million to Boost Climate-Tech in Pakistan
Sarmayacar, a venture capital firm, has raised $15 million for its Climaventures Fund from the Green Climate Fund (GCF). This fund will focus on supporting Pakistani startups in critical sectors such as renewable energy, electric mobility, and sustainable agriculture. An additional $10 million has been allocated to an affiliated venture accelerator program targeting earlier-stage climate-tech companies. With this capital, Sarmayacar aims to strengthen Pakistan’s climate-tech ecosystem and position the country as a regional leader in sustainability efforts.
Lithios Raises $10 Million to Scale Sustainable Lithium Extraction Technology
Lithios, a developer of electrochemical lithium extraction technology, has secured $10 million in seed financing to scale its Advanced Lithium Extraction (ALE) platform. The funding, led by Clean Energy Ventures, will help Lithios ramp up production and unlock access to low-cost, sustainably sourced lithium for the global EV and energy markets. As lithium demand is expected to outstrip supply by 2025, Lithios’ technology offers a solution by efficiently extracting lithium from previously inaccessible low-grade brine sources. The company also secured an additional $2 million in venture debt from Silicon Valley Bank.
Better Earth Acquires Betterbin to Enhance Sustainable Packaging Solutions
Better Earth, a leader in sustainable foodservice packaging, has acquired Betterbin, a Software as a Service (SaaS) platform that optimizes recycling and composting education for businesses and consumers. This acquisition supports Better Earth’s mission to create a circular economy by offering tech-driven solutions to divert food packaging waste from landfills. Betterbin’s platform provides real-time insights into local waste infrastructure, helping businesses and consumers make informed packaging disposal choices, improving compliance with solid waste regulations.
Purpose Green Raises $15 Million to Advance Green Building Retrofits
Purpose Green, a company focused on sustainable building transformation, has closed a $15 million seed funding round led by Fifth Wall. The company will use the funds to expand its team, enhance its Software-as-a-Service (SaaS) platform, and standardize retrofit processes across various building asset classes. Purpose Green’s platform provides energy intelligence tools, ESG reporting, and AI-driven solutions to help future-proof buildings and reduce carbon emissions across the built environment.
CPC Awards $2.7 Million to Electrify Multifamily Housing in New York
The Community Preservation Corporation (CPC), a nonprofit multifamily finance company, has awarded $2.7 million in grant funding to electrify a 107-unit development in Middletown, New York. This funding, part of New York State’s Climate Friendly Homes Fund (CFHF), will support the full electrification of heating, cooling, and hot water systems at the Horizons at Wawayanda development. The project aligns with New York’s goal to create two million electrified or electrification-ready homes by 2030, contributing to statewide carbon emission reduction efforts.
